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This unquestionably lowers the barrier to entry for crunching large data sets. I'm looking forward to messing around with it. Are there any other alternatives to this service? Something like a PigAsAService or HiveAsAService offering?

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Well, we are working on a project that provides Hive (and Hadoop Streaming) as a service. It's http://www.hadoopondemand.com and uses amazon ec2. We have just started our private beta and you are very welcome to join. And there is also amazon's offering EMR (http://aws.amazon.com/elasticmapreduce/) which also provides an interface to Hive and Pig.

EDIT: link to amazon's offering

Thanks. I look forward to checking out your project.

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