The Lighter Side Of The Cloud – The Crash
The Lighter Side Of The Cloud – The Restroom
The Lighter Side Of The Cloud – The Top Floor
Let’s Talk Big Data

Let’s Talk Big Data

Let’s Talk Big Data

big-data-spend

More and more consumer data is collected every day. In fact, according to an infograph provided by Elexio, 90% of it was produced and collected these past couple of years. From how we use our credit cards, which stores we shop at and how we use social platforms, data is being collected in mass quantities. Now it is just a matter of how we use the data. Is all this information really significant or does the data in the amounts of hundreds of petabytes have little worth? Based on the evidence provided by Elexio’s infograph, information collection is costing the U.S. $900 billion; leading to a whopping 40% being thrown away due to not knowing what or how to use it.

While many are still unsure how best to utilize this information, more and more companies are continually insisting on accessing it.  As shown by Alteryx, even though companies do not know how best to use all the information gathered 45% of businesses say they need more. Not only do companies feel they need more data, they feel that more of their employees need access to the data in order to make more knowledgeable company choices. A whopping 77% of companies express the need for extensive employee access to such information for the well being of business decisions.

So, to what extent is this industry projected to grow in the next 10 years? Well, based on information provided by SAP, Big Data is a key element, along with the Cloud, Mobility and Social Business, in the 90% growth of 3rd Platform Technologies of ICT spending.  This growth will jump the need for data analytical positions within the industry. Currently around 68% of businesses still do not have a Big Data analytics team, however, with the projected growth of this niche that percentage will diminish quite rapidly over the next couple of years.

Big Data helps us not only determine consumer behavior, but it in turn also helps analyze market behavior, as well. Big Data helps us project which industries are growing and which are declining. With that said, many companies are still lacking Big Data sectors and thus missing out on the many uses it has. For example, from Alteryx’s infograph, we learn that four sectors, customer service, human resources, general management and strategy and business development, are restricted by their Big Data shortage. And of those four niches, customer service, strategy and business development and general management, along with marketing would significantly gain from an increase in Big Data competence.

One thing is for sure, the need for Big Data is on the rise. More and more companies are looking to reap the benefits and though we aren’t quite efficient in its use, this will soon diminish as the niche erupts over the next few years.

By Glenn Blake

Follow Us

Glenn Blake

Glenn Blake is a writer for CloudTweaks and has been writing about technology trends for over 25 years.
Follow Us

Latest posts by Glenn Blake (see all)

Sorry, comments are closed for this post.

Recent

Beyond Gaming: Three Practical Applications For Oculus Rift

Beyond Gaming: Three Practical Applications For Oculus Rift

Three Practical Applications For Oculus Rift  Since the announcement of the Oculus Rift in 2012 gamers and game developers alike have been frenzied trying to both get their hands on the unit or build their own proprietary VR machine. The VR gold rush has since lead to the announcement of Project Morpheus from Sony and…

The Lighter Side Of The Cloud – Due Diligence

The Lighter Side Of The Cloud – Due Diligence

By David Fletcher Please support our comics by sharing, licensing or visiting our cloud sponsors (Below). Your support goes a long way in allowing us to continue to produce our lighthearted comics each week.   About Latest Posts Follow UsGlenn BlakeGlenn Blake is a writer for CloudTweaks and has been writing about technology trends for…

Popular

The History Of Back-Ups

The History Of Back-Ups

The History of Back-Ups There’s no doubt about it – we are spoilt. With external hard-drives, CDs, USB memory sticks, SD cards, online storage and multiple devices with vast memories we can save, access and back up our data more easily and more efficiently than ever before. (Image Source: Maxim Yurin, SoftLogica)  It’s not always been…

5 Ways CIOs Can Tackle Cloud Fears

5 Ways CIOs Can Tackle Cloud Fears

5 Ways CIOs Can Tackle Cloud Fears  CIOs are tired of hearing about cloud computing concerns. They’ve spent years reading about how cloud resources are subject to risks, and wonder – what can they do to help people trust the cloud?  The truth is that despite being a hot issue for years, the topic of…

Cloud Infographic – The Future (IoT)

Cloud Infographic – The Future (IoT)

The Future (IoT) By the year 2020, it is being predicted that 40 to 80 billion connected devices will be in use. The Internet of Things or IoT will transform your business and home in many truly unbelievable ways. The types of products and services that we can expect to see in the next decade…

Cloud Infographic – The Future Of Big Data

Cloud Infographic – The Future Of Big Data

The Future Of Big Data Big Data is BIG business and will continue to be one of the more predominant areas of focus in the coming years from small startups to large scale corporations. We’ve already covered on CloudTweaks how Big Data can be utilized in a number of interesting ways from preventing world hunger to helping teams win…

Cloud Infographic – What Is The Internet of Things?

Cloud Infographic – What Is The Internet of Things?

What Is The Internet of Things? “We’re still in the first minutes of the first day of the Internet revolution.”  – Scott Cook The Internet of Things (IOT) and Smart Systems are based on the notions of Sensors, Connectivity, People and Processes. We are creating a new world to view and measure anything around us through…

Sponsored Posts

How To Keep A Cloud (And Your Data) Inside Your Borders

How To Keep A Cloud (And Your Data) Inside Your Borders

The Cloud And Your Data One of the greatest challenges for companies considering a move to the cloud is in its very global and seemingly borderless nature. As an Internet-based technology, it is easy to assume that any data sent from A to B can take any one of a thousand paths, routed through cities…

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100
Site 24x7


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Branded Content Programs

Advertising