big data

Business, Data Centres

How Big Data is Changing the Business World

 It’s very easy to assume that any new term that emerges in the tech world will just be a buzzword, with no real significance to anything of use. For the past couple of years the term ‘Big Data’ has often been labelled as such, but with plenty of corporate enterprises now on board with big data analytics, it’s time for those two words to shed any connotations of inflated bombast and for the rest of us to start taking note. Big data is changing the world of business, and isn’t going anywhere anytime soon.

Data Centres, Networks

Google, Big Data, and a New Cloud Service

With Big Data projects, the challenge is to clean and filter the huge amounts of information involved. It takes a lot of work to get to the point where business value can be extracted.

Over the coming year, Google will focus on releasing cloud tools and services that ease development tasks, while helping companies monitor their Big Data operations. At their I/O developer conference in June, the company unveiled a number of new products to achieve this.

Business

Data is Meaningless Without Analysis

There’s value in organisations being able to analyse social media information and compile profiles to better target their customers. But creating, documenting, and retrieving vast amounts of data is one thing. Understanding it is an entirely different matter.

Context is Key

Measuring ‘likes’ or searching for keywords and phrases is pretty straightforward – a “sentiment analysis”. You might be tempted to develop a marketing strategy directly derived from this.

But there’ll always be examples of impulse buys, or snap decisions in the heat of the moment. And data samples may include information that’s not so easy to quantify – like pictures or videos.

In fact, the majority of actions will be based on the context surrounding them. Brand A might cost less, but B offers greater satisfaction. The sports car looks great, but what about the kids? And so on.

If a data analysis tool can’t provide further context around the solutions it offers, it’s at best, an expensive waste of time.

Business

Obituary: Big Data

Donald Feinberg, VP and analyst at Gartner’s Intelligence and Information Group, recently said that Big Data will die within the next couple of years, thanks largely to the confusion which surrounds the term.

Once upon a time, databases were relatively small; tiny by today’s standards. Businesses had records of their customers’ accounts, built up manually over time, originally with pen and paper and later with microprocessors. Bigger companies started to have whole floors dedicated to data processing departments, ensuring that purchase orders and invoices we all matched and accurate, and accountants knew who had paid and who owed money, what had been bought and what had been cancelled.

With cloud computing and processing technology getting so small that you could practically map out the life cycle of a grain of rice, data started to get recorded and collected at increasingly faster rates and much more of it. Processors in cars and other equipment meant that a whole boatload of parameters could be constantly measured.

More and more measurables

Social media sites, ecommerce sites and other communal online gatherings meant that individuals could be adding to the pile of data already stored about them as they filled in forms and registered for things online. Photos, likes, friends, birthdays, political leanings, sexual orientation, marriage status, hobbies and interests…the list of measurables became endless.

Business

What’s your Data Governance Plan?

Big data is something that businesses are embracing in increased numbers, but not every business is prepared for the changes that accompany big data adoption. Information from a recent survey suggests that as many as 44% of businesses aren’t ready to implement data governance plans. 22% of these firms that don’t have a data policy have suggested that they have no plans to implement one.

These findings were released in a data governance survey from Rand Secure Data, which is a division of Rand Worldwide. The findings suggest that businesses simply aren’t prepared for the legacy of big data and it’s becoming apparent that many businesses are happy with the benefits of big data gathering, but are equally happy to ignore the dangers.

Businesses are aware of what needs to be done to safeguard its data but many seem loath to act or even address the problem. It seems that until there are consequences, many businesses simply won’t acknowledge or do the things that need to be done.

Here’s a quick list of things that businesses should be doing:

Business

Is Big Data Essential For Business?

Data is more a part of our lives now than it has ever been. It’s woven into every sector of the global economy and the harnessing of that data by businesses and individual alike is becoming the norm.

Big Data is what we get when the data sets collected become too large and complex to analyse using standard methods. This data comes from all sorts of sources, including web browsers, social media and consumer information. By sifting through all of this information business managers are able to make much more informed decisions and therefore move their company forward with confidence.

The Benefits of Big Data

Future ready – The internet of things is a hot topic in 2014. As products begin to broadcast data to one another to improve their efficiency. The amount of data available to manufacturers and suppliers is going to grow even greater as a result. Investing in an infrastructure that can handle and analyse Big Data now will put your business in an excellent position for the future, even if you’re not concerned with the internet of things, Big Data is listed by Gartner as one of the technology trends you can’t afford to ignore.

Quadratek People

Reluctance to Hire Staff Holding Back Big Data

Big Data is big news and many companies are embracing it whole-heartedly. It can provide an organisation with a good idea of whom its customers are and what they want from the services provided. It has promoted the idea of ‘value exchange’ and allowed companies a better means of communicating and understanding its customers.

So how can Big Data be utilised within marketing campaigns?

Infogroup Targeting Solutions recently published a study that revealed that the investment from business into Big Data marketing would increase hugely in 2014. This is due to new initiatives that allow a business to fully embrace the massive amount of data that its customers are relaying. However, the study also found that although the benefits of Big Data are clear, there are many companies that are not making the correct plans for data-related job positions.

According to David McRae, president of Infogroup Targeting Solutions:

“The survey findings also indicate that marketers are moving from the information-gathering stage to the analytics phase of Big Data adoption. But a downturn in hiring could stall Big Data implementation, as the need for human capital is greatest during the analysis and action stages.”

It seems that marketers already have the information they need and are now looking for the best application of that data through analytics tools. The problem facing most businesses is the implementation of Big Data policies as many are failing to hire the correct staff within this burgeoning sector.

Business

Big Data – is it possible to define it?

This is a big question and one which, once fully considered, has massive implications for any business. Every day, businesses are amassing an increasing amount of data and the scope of what can be measured is also expanding at an incredible rate. While businesses are still getting to grips with how to use this data meaningfully, some are struggling to manage it effectively.

Sometimes that means databases becoming corrupt at an increasing rate as they become larger, or more difficult to store effectively in-house. Massive databases may be creating too much demand on infrastructure when being processed at speed or being that diverse in nature that it is difficult to know where to start when organising them into a usable format.

What is Big Data?

Once upon a time, a business would store essential information such as client names and invoice details, order history and accounts records for example. This information would be structured into usable format and, with the dawn of the computer age, tied up with software making it easy to access. Looking back to that era, data was gathered conscientiously and with a definite purpose in mind. The bigger the business was, the bigger the databases required to store its prized information.

Business

Big Data: What’s all the fuss about?

If you read thetechnology news, or even just put searches into Google, you surely
can’t have failed to notice the term big data being bandied
around very frequently. Whilst it’s easy to dismiss it out of hand as
the latest buzzword in the technology industry, which does like its
jargon, let’s face it, big data is something that could prove very
valuable to your business.

So without further
ado, let’s have a look at what big data actually is.

Big data is a
collection of data sets that are too big and complex for the usual
database management tools or data processing applications to manage.

In order to be
able to use this data for various business purposes, the enterprise
has to find a way to carry out key tasks such as:

 

Scroll to Top