You've pretty much hit the nail on the head.
Rocket would clearly prefer that the user base of QM does not expand.
And if we look at the situation objectively. There is NO competition in the MV market anymore since for all intents and purposes Rocket owns all of the significant viable platforms.
Now that Bain owns the company it's the kiss of death. Private equity is where things go to be milked for cash flow until they die, especially in an industry with no competitive juices.
All of that being said, the Pick data model has always been a superior model. It should have long been a native object model in every cloud offering there is. The only thing that has kept this from happening is a conflict of interest between legacy solutions generating residual cash flow and innovative, disruptive, forward thinking.
I imagine a world where we could develop applications in any language and use the Pick data model for storage.
I imagine subroutines and dictionary items written in Pick/Basic or in C# or any other .NET language for that matter at this point.
I also imagine adapters for javascript/typescript...
Don't even get me started on objects... The Pick data model lends itself to object presentation naturally.
And then there are all of the AI use cases. We must always remember that under the hood the real value of the Pick data model was performance. Pure and simple. The hashing algorithmic storage model is its golden thread. It's mathematically superior to any other storage model. This was proven out in the original thesis. For a relational database, performance is key. All of the AI use cases are relational data modelling on steroids. It fascinates me a bit that the folks in the AI world have never stumbled on the Pick data model, or perhaps I'm the ignorant one and they have.
But none of these things will happen inside private equity in a shrinking market.
-- end rant --
In Christ,
John R. Stokka