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Archive for September, 2013

 

Survey Finds 91 Percent of Companies Have or are Planning Big Data Projects

Thursday, September 26th, 2013 by

The evolving state of IT has given decision-makers new opportunities to embrace innovative technological endeavors they otherwise would never been able to afford or tackle themselves. The proliferation and expansion of the mobile, cloud, and social landscapes, for example, have enabled business leaders to embrace Big Data initiatives more efficiently. These projects give executives sophisticated insight into external relationships and internal performance when the programs are implemented and managed properly.

Survey finds 91 percent of companies have, planning big data project

Survey finds 91 percent of companies have or are planning Big Data projects

Numerous studies have provided evidence that supports the growing Big Data phenomenon. A recent New Vantage Partners survey of enterprise executives is just one of these demonstrations, highlighting how more than 90 percent of respondents said their organizations either have a Big Data initiative in place or are planning one. More specifically, 62 percent of these decision-makers said they have at least one Big Data project implemented, and another 32 percent said their endeavors are fully operational throughout the company.

“Since our Big Data Executive Survey in the fall of 2012, Big Data has made the leap from hot topic to serious business adoption,” said Randy Bean, co-founder and managing partner of New Vantage Partners.

The report highlighted that businesses are investing more time and money into Big Data projects, noting that 68 percent of executives believe they will spend more than $1 million on Big Data in 2013 and 88 percent think they will allocate this much by 2016. Other organizations are planning to spend even greater amounts of money, with some projects peaking at more than $50 million.

The speed at which Big Data endeavors are being deployed suggests that there is massive room for change. In many cases, large firms are establishing new roles and responsibilities surrounding the projects because doing so will reduce any potential long-term complications associated with the initiatives.

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The Dynamic Cloud-Big Data Duo

Tuesday, September 10th, 2013 by

When the concept first emerged, Big Data was seen as a technical project and, as a result, under the responsibility of the IT department. More recently, executives in large and small companies alike have begun to recognize that properly deployed initiatives deliver real, actionable business results. For this reason, various executives have taken Big Data endeavors under their wings in an effort to augment internal operations and improve external relationships.

The dynamic cloud, big data duo

The dynamic cloud, big data duo

As Big Data becomes more common in the workplace, however, decision-makers are recognizing that there are still some technical hurdles that must be overcome for the initiatives to be successful. In many cases, these issues relate to storage and management because traditional, inflexible environments simply can’t keep up with the constantly growing volumes of increasingly complicated information.

A SYS-CON Media report highlighted how the inherent complexity of the data being collected today is often too overwhelming for conventional infrastructures. Sometimes, the rigid characteristics of traditional architectures means those technologies are ill-equipped to manage the constantly shifting and evolving nature of Big Data. These environments also may not have the means to support the crucial business intelligence solutions needed to transform useless information into meaningful data that can be used to optimize operations.

So what can enterprises do?
Fortunately, companies don’t need to shy away from the Big Data movement, even if they’re still relying on older IT architectures. Cloud infrastructure technologies are widely available that can help organizations of all sizes implement cost-effective and highly scalable environments capable of meeting the needs of Big Data.

SYS-CON Media highlighted how the cloud can be a significant boon in the face of Big Data because the hosted services have the capabilities needed to keep up with data that grows indefinitely. By leveraging cloud solutions, organizations can not only implement a scalable environment that can expand or contract along with the enterprise’s data volumes, but executives can also deploy important analytic technologies. These solutions play a crucial role in how well firms can prosper by embracing Big Data. After all, if decision-makers simply gather growing volumes of information but have no way to analyze it, how will they experience any benefits?

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Big Data-Oriented Cloud Projects Improve Bottom Line

Thursday, September 5th, 2013 by

In the past several years, the cloud computing landscape has grown exponentially as decision-makers throughout the business world deploy the tools to experience a broad range of benefits. Although the cloud promises to eliminate unnecessary costs and optimize performance, executives may sometimes launch the technology with too broad a scope, reducing its final impact.

Big data-oriented cloud projects improve bottom line

Big Data-oriented cloud projects improve bottom line

Gartner recently highlighted how companies should address this problem by implementing the cloud to alleviate specific issues. Rather than deploying cloud services to improve operations across multiple departments, decision-makers should approach the managed services with a specific target in mind because doing so will likely open up more doors and improve bottom-line functionality.

Analysts noted that 80 percent of enterprises intend to leverage the cloud in some way within the next 12 months.

“Cloud computing is set to have a considerable impact on business in the future which is reflected in the survey finding that around 60 percent of organizations plan increased investment over the next two years to five years, while only 6 percent plan to decrease investments in cloud services,” said Gregor Petri, research director at Gartner.

Although there are many roads decision-makers can take when approaching the cloud, following the one that leads to more effective use of Big Data will have one of the most substantial returns.

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