Big Data may indeed be a buzzword for 2013, but if so it’s a buzzword with inestimable impact on the organization. At its core, the concept of Big Data is that of supporting executive decision-making with the most accurate, current, comprehensive and comprehensible presentation of all information available regarding a business. Overwhelmingly, respondents indicated that their companies are taking Big Data seriously and 81% list “Big Data/Advanced Analytics Projects” in their Top 5 2013 IT priorities.
Big data is shaking up the foundations of business—forcing business leaders to rethink the way they make decisions. Learn IT strategies and best practices that can open the door to discoveries that will transform your business. See how Dell improve customer satisfaction, how Passoker deliver online gaming, and Delphi improve warranty response.
Data warehousing is a success, judging by its 25 year history of use across all industries. Business intelligence met the needs it was designed for: to give non-technical people within the organization access to important, shared data. The resulting improvements in all aspects of business operations are hard to dispute when compared to the prior era of static batch reporting.
"Big Data " initiatives create significant opportunities for business and IT leaders, but both must come to terms with challenges they introduce. A focus on the impact of analytical outcomes in supporting material and measurable business decisions.
It has been five years since the introduction of Hadoop as an open-source big data tool, and in this time big data has skyrocketed up the hype curve, with dedicated media coverage, books, conferences, and many customer success stories from early adopters. Though Hadoop isn’t the silver bullet to all business data challenges, it is one important piece of the puzzle.
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.
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).
Why is getting value from business data still a struggle when there is more data available than ever before? Are the greater challenges with people or with the data? Can business leaders achieve better business outcomes simply by asking the right questions of the data? In fact, asking better questions can lead to deeper insight and foresight that enables better decision-making and, ultimately, better outcomes. Get the findings from a recent Oracle and Intel–sponsored study by the Economist Intelligence Unit.
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.