Big Data become very popular is the year 2016 with several business owners demanding the need for managing their large volumes of data to make the best business decisions. As we move ahead towards 2017, we can see that Big Data is only getting bigger and it is here to stay for quite a long time. Big Data Analytics is the technology that analyzes data to uncover concealed patterns and make informed decisions for the business growth. Here are some of the interesting trends of Big Data and Analytics Solutions on how they will transform the future of data-driven businesses:
Hadoop is undoubtedly the most popular software frameworks for storage & processing of Big Data. The improvements in the speed of Hadoop’s data exploration will accelerate processing, storage & retrieval, which are the keys to continued success. Report by Allied Market Research predicts that Hadoop will reach global revenue of $84.6 billion by the year 2021.
As IoT is capable of collecting & exchanging data between multiple sources, a huge amount of data will be the generated in the years to come. This growth in IoT demands real-time analytics that will help in making sense out of all that data and companies need to address the challenges that IoT presents to data governance & security.
With the motive to enable interaction between machines and humans, Cognitive computing has come into existence relying on technologies like Artificial Intelligence, Machine Learning or Natural Language Processing. As the area of Cognitive Computing advances, more & more non-techies will be able to analyze data by interacting with application similar to human. IDC forecasts that half of business analytics software will rely on cognitive computing by 2020.
Big Data & cloud will be still together in the future as most of the major brands migrate their data warehouses into the cloud. There are lots of services that are based on cloud computing like Amazon Redshift, Google BigQuery & Microsoft’s Azure SQL data warehouse, which allow customers to vary the amount of storage or processing for which they rely on the data warehouse.
The NoSQL is becoming as one of the best alternate tools to the conventional SQL Tools as well as for specific types of analytics applications. The shift to NoSQL database will be quite useful for the enterprise IT landscape as it offers the benefits of a schema-less database. It is also useful for the applications such as usage of sensors on retail store shelves that helps in understanding the behavior of the purchasers.
Big Data is definitely going to stay and it will have the potential impact on the agility and performance of the business. As per the research, Gartner believes that by the year 2020, Big Data & IoT will be transforming or eliminating almost 80% of business processes. Be aware of all these hottest trends of Big Data to drive more innovation & discovery for your business. Along with Big Data, implementing an ideal CMS system is a wise choice, as it allows you to manage your data content proficiently. Choose the company that offers the wide range of Kentico Development services to avail all the benefits of the CMS now.
Christine
