Big Data And The Cloud

Big Data And The Cloud

The amount of data in our world increases massively day-by-day. Big data is about capturing, storing and analyzing large pools of data from customers/consumers, suppliers, partners, operations, employees etc. According to a McKinsey  report, US companies from almost all industry sectors have, on average, hundreds of terabytes of data stored per company. The amount of data is growing as companies gather more and more information with each transaction and interaction with their customers.

There are some unique benefits of Big Data that companies just can’t ignore:

·         Information is transparent and usable at a much higher frequency.

·         Better management decisions, based on more objective data analysis;

·         Forecasting industry trends or customer needs;

·         Better customer segmentation that ultimately helps them tailor their products and services;

·         Faster development of innovative products or services.

Today, the use of Big Data brings many competitive advantages. Meanwhile, as you know, cloud computing has also become a mainstream solution for storing, processing and sharing data, but these companies companies are not taking advantage of big data in the cloud.

So, why don’t companies using Big Data benefit also from using cloud technologies? Because moving large amounts of data in the cloud is not easy, especially for companies with terabytes of information. Many cloud providers saw new business opportunity in this and started to support big data solutions in the cloud.

recent survey conducted by GigaSpaces reveals some interesting aspects regarding the Big Data – Cloud relationship. They wanted to find out more about what IT professionals are concerned with when it comes to Big Data systems, what are their future plans , and what tools they are using.

Here are the three major findings:

·         80 percent of organizations view their Big Data processing as mission critical.

·    For companies handling Big Data, the need for real-time functionality is both significant and growing. The survey indicated that is increasing readiness to use streaming solutions to deal with the challenges of Big Data and speed up Big Data processing.

·      80 percent of companies have plans to move their Big Data to the Cloud, or are considering the option.

Cloud computing and Big Data are both very powerful trends. Together they can be even more powerful.  The cloud can make Big Data accessible while Big Data brings new business opportunities like better customer targeting and product innovation.

By Rick Blaisdell

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as offer green/cleantech learning and consultive services around the world.

Our vision is to create awareness and to help find innovative ways to connect our planet in a positive eco-friendly manner.

In the meantime, you may connect with CloudTweaks by following and sharing our resources.

View All Articles

Sorry, comments are closed for this post.

Comics
Having Your Cybersecurity And Eating It Too

Having Your Cybersecurity And Eating It Too

The Catch 22 The very same year Marc Andreessen famously said that software was eating the world, the Chief Information Officer of the United States was announcing a major Cloud First goal. That was 2011. Five years later, as both the private and public sectors continue to adopt cloud-based software services, we’re interested in this…

Do Not Rely On Passwords To Protect Your Online Information

Do Not Rely On Passwords To Protect Your Online Information

Password Challenges  Simple passwords are no longer safe to use online. John Barco, vice president of Global Product Marketing at ForgeRock, explains why it’s time the industry embraced more advanced identity-centric solutions that improve the customer experience while also providing stronger security. Since the beginning of logins, consumers have used a simple username and password to…

Digital Twin And The End Of The Dreaded Product Recall

Digital Twin And The End Of The Dreaded Product Recall

The Digital Twin  How smart factories and connected assets in the emerging Industrial IoT era along with the automation of machine learning and advancement of artificial intelligence can dramatically change the manufacturing process and put an end to the dreaded product recalls in the future. In recent news, Samsung Electronics Co. has initiated a global…

Cyber Security: McAfee on IoT Threats and Autonomous Cars

Cyber Security: McAfee on IoT Threats and Autonomous Cars

IoT Threats and Autonomous Cars Autonomous cars are just around the corner, there have been controversies surrounding their safety, and a few doubts still hang in the minds of people who don’t like the idea of a computer driving their car. However, the biggest news stories surrounding this topic have been to do with how…

Why Security Practitioners Need To Apply The 80-20 Rules To Data Security

Why Security Practitioners Need To Apply The 80-20 Rules To Data Security

The 80-20 Rule For Security Practitioners  Everyday we learn about yet another egregious data security breach, exposure of customer data or misuse of data. It begs the question why in this 21st century, as a security industry we cannot seem to secure our most valuable data assets when technology has surpassed our expectations in other regards.…

Moving Your Email To The Cloud? Beware Of Unintentional Data Spoliation!

Moving Your Email To The Cloud? Beware Of Unintentional Data Spoliation!

Cloud Email Migration In today’s litigious society, preserving your company’s data is a must if you (and your legal team) want to avoid hefty fines for data spoliation. But what about when you move to the cloud? Of course, you’ve probably thought of this already. You’ll have a migration strategy in place and you’ll carefully…

Four Trends Driving Demand For Data Security In 2017

Four Trends Driving Demand For Data Security In 2017

Data Security Trends 2017 will be a hallmark year for security in the enterprise as all industries have reached a tipping point with respect to cloud and mobile adoption, forcing more and more data beyond the corporate firewall. Over 100 IT executives weighed in on their plans for 2017 in our latest survey; buried among…

Two 2017 Trends From A Galaxy Far, Far Away

Two 2017 Trends From A Galaxy Far, Far Away

Reaching For The Stars People who know me know that I’m a huge Star Wars fan. I recently had the opportunity to see Rogue One: A Star Wars Story. While I won’t give any spoilers away for the few who haven’t seen the movie yet, I do want to mention a couple of trends from…