Big Data Age encompasses tech Biggies to foster growth
Big Data Age encompasses tech Biggies to foster growth
The year 2011 is expected to be a year of Big Data'. It is believed that the next year will witness major transformations and the larger enterprise sector will be the point of focus. It shall be accompanied with work with using on-hand database management tools. It seems the era of big data is approaching slowly and steadily to spread its cover globally with respect to data management.
Inputs from experts and analysts reflect the fact that data management will focus among biggies in the year to come. The benefits of working with larger and larger datasets allowing analysts to spot business trends and hence the big data age is here to stay. The big data age will follow some drastic changes. Lets have a look in order to ease out adaptability for the same.
Increase in cloud based services: A lot of companies are packaging and virtualizing their own IT assets into cloud based services to offer across various departments and divisions. A recent survey stands evident to the fact that 9 in 10 people see cloud computing as an opportunity rather than a threat. The view of most IT decision makers of cloud computing being a threat rather than opportunity may be an outdated. Cloud will help to manage peaks and troughs in system usage as per analysts. Most of the company's customer base is destined to pursue a hybrid environment that combines cloud with other assets.
Data monetization: Finding and extracting value is an integral part in big data era. Since the competition is soaring high, finance will become a stiffening aspect as well. Most of the companies will focus on coming up with the best deals and give users good products at lower rates. Data app stores are also likely to be set up to lend a helping hand. The app stores now offered through Apple and other vendors are providing a working model for enterprises to offer and distribute data.
Predictive analysis: Advanced analytics will take decision-making to the next level over more current rudimentary forms. Predictive analytics aim to empower CIOs to construct fact-based financial and business models using tools that help interpret and model data. Arriving at smarter decisions can now be made simpler by using the predictive planning being rolled out by IBM for larger enterprises.
Multiple skills and multiple platforms will become the backbone for big data' era. The size of "Big data" varies depending on the capabilities of the organization managing the set. Also, Big Data requires exceptional technologies to efficiently process large quantities of data within tolerable elapsed times. Tech sector stays step to step with the changing age