There is a new universe of data being created by smart meters, mobile devices, social media, RFID, web logs, and other sources. Meanwhile, many industries have only begun exiting the paper-based documentation era. It’s no longer the case that all possible insights about an organization come only from a structured data warehouse full of vetted data developed inside one’s own four walls. Embracing big data means accepting that you can gain valuable insights about your organization, your customers, and the world at large from external sources, and by looking at data in a new way.
Financial markets are rarely predictable. What moves a price one day might have no effect the next, or it might be felt several steps away from where it’s expected. That’s where market sensing plays a role. Broadly defined, Market Sensing is the ability to bring as much relevant information as possible, to bear on trading and risk decision-making.
As the data created and consumed by users worldwide continues to double every two to four years, the role of scale-out file systems and policy-based data management solutions such as Quantum's StorNext is becoming critical to managing this growth and streamlining data workflows.
To ensure widespread adoption of business intelligence (BI) practices, Organizations have been increasingly deploying state-of-the-art tools and techniques. However, most of these initiatives have met with little success. Why? One reason: The majority of BI systems have been designed on the basis of how technology approaches a problem. However, BI technology rarely meets its objective of aiding human cognition of a particular business scenario. Even the improvements in technology have not helped to increase BI adoption, because lost in the pursuit of technological excellence is a lack of focus on user behavior.
By now, we have all heard the claims. Data is the new oil. Big data is different. Big data is a management revolution. Big data is the next frontier for innovation, competition, and productivity. Big data makes the scientific method obsolete.
The power of zoom represents an evolution in the way government sees and interacts with the world. When location data is coupled with existing government data and expertise, every point on the map can provide historical and predictive perspective to inform complex policy decisions. The map itself has been transformed from a static picture to a living platform for shared decision making and real-time collaboration, focusing the energy of the crowd and empowering government and citizens to work together to respond quickly to challenges at any scale.
In this one-on-one interview, Rich Brueckner, President of insideHPC, discusses big data challenges and opportunities, as well as what technologies will help companies deal with their growing amounts of data. InsideHPC is a CIO Summit, CIO Cloud Summit, and CIO Life Sciences Summit event partner.
How 'Big Data' Is Different. These days, lots of people in business are talking about
According to TDWI Research’s 2011 Big Data Analytics Survey, 33% of surveyed organizations are contemplating a replacement of their analytic databases, data warehouses, and similar platforms to keep pace with new and intensifying requirements for advanced analytics in a “big data” world. As user organizations make such platform replacements—or add additional platforms to their expanding data warehouse architectures—they are turning more and more to specialized analytic database management systems (DBMSs).
As new expertise and innovations in software and integrated systems make the analysis of Big Data more accessible, these leaders are gaining a greater competitive advantage in the era of "smart."