Big data and analytics are useful tools for both large and
small business. The future of this technology is an exciting one with many
changes and challenges ahead. Today, we are going to discuss some of the future
trends that are expected to emerge in the big data and analytics industry.
How do you feel about big data and analytics? Is it worth
the time and money put in? Well, businesses around the world feel that it is an
extremely useful tool that will allow them to have insights about their company
and operations that were previously unavailable. It is estimated that 65% of
businesses will use big data by 2015 and many features will improve.
Search Functions
Improvements
The search function for big data is currently limited with the
primary tool of single keyword searches. These are very useful for some
operations but the goal is to rely less on these kinds of searches by dramatically
improving the content processing and refinement in search functions. This will
allow users to rely less on specific word searches but will still be lead to the sought
after information.
New Entry and
Mobility
The users and industries that use big data and analytics are
expected to expand greatly with the insurance industry expected to make large strides
forward in their usage. This will be accelerated by the mobile feature of big
data. These mobile programs are expected to allow companies and workers to
access big data remotely and it will become a crucial feature. This will allow
real time usage and alerting to decision making employees.
NoSQL Consolidation
On the technical aspect of big data, NoSQL consolidation
will continue and become dominant. NoSQL is also known as “not only SQL” and
allows there to be more ways to look at the data than the exclusive SQL
requires.
Employment Shortage
With all of the advancements in big data, there will need to be
qualified workers to run, manage, and fully understand the complex systems that
they will be working with. This is a major concern because the industry is only
expected to be able to fill one third of the IT jobs that will be created from
the use and adoption of big data alone. There are expected to be 4.4 million IT jobs created globally in 2015 with 1.9 million of them in the United States. This is a challenge because without the proper knowledge of how the
systems work, they will not be able to be utilized to their fullest.
How do you think that this problem can be overcome? Do you
think that the systems should be altered in any way so that they require less
skill and knowledge to be used?
No Longer a Trend
Big data and analytics are relatively new to the business
world but so are many other technologies. Some come and go but big data and
analytics are here to stay. Users are able to find out information and complete
tasks in five minutes in which it previously took them over eight hours. Some
insights are arrived almost instantly and this was previously unheard of. The
possibilities that this technology allows is now vital to many industries such
as the mobile phone, telecommunications, travel, and banking industries. They
are able to attract new customers, identify potentially high-risk customers,
save money, and increase profit. Big data and analytics have become invaluable to
business today and in the future.
Do you agree with the belief that big data is now a
permanent fixture in the IT world? Would it help or benefit the industry you
currently work in or in a future endeavor?
This concludes our four part series on big data and
analytics. Feel free to respond to any of the blog posts with any feedback or
questions. Information for this blog post was obtained through the below
sources. If you would like to read more about the future trends of big data and
analytics, please feel free to browse the below links.
I think that big data is today one of the most important solution to increase efficiency and secure information in businesses. I personally witnessed the benefit of it in a company i used to work for...
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