Learn about the Six Important Trends Influencing the Big Data Market (1)

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Learn about the Six Important Trends Influencing
the
Big Data Market
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• Big data is a collection of data sets or chunks
  of information too large and complex to be
  processed using traditional software tools.
• Most companies are required to handle big data
  and make use of data cleansing services to
  obtain clean and actionable data.
• Big data works and provides businesses solid
  return on investment, when it is done well.
• Boston Consulting Group (BCG) reports that
  utilizing Big Data in sales, marketing, supply
  chain, manufacturing and RD can provide
  businesses 20 to 30 gains.

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Significant Trends You Can Expect in the Big Data
market

• Companies are slowly adopting a DevOps like model
  to Big Data projects known as DataOps. It is an
  approach to build a self service data platform
  for delivering insight-driven business decisions
  across the organization.

With advancements in technology and storage,
several start-ups have emerged to make sense of
the data and provide the necessary time-sensitive
information to stakeholders.
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• Data governance cannot be an afterthought for the
  modern data architecture, or else a data lake, a
  storage repository that holds a vast amount of
  raw data in its native format until it is needed,
  will quickly turn into data swamp.

Enterprises are increasingly making use of cloud
services for big data processing and storage.
Large amounts of data are produced by companies
every year, thus cloud based storage is more
practical and efficient.
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• Hadoop will continue to be popular, as it allows
  you to store large volume of data at a
  significantly lower price point. Share of
  unstructured data in the data warehouse will also
  continue to increase which will further the cause
  for Hadoop.

An autonomous data management platform
intelligently automates tedious manual data
management tasks like capacity planning and
performance optimization, by self-managing and
self-optimizing itself.
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• Big data inundates a business on a day-to-day
  basis. It is not the amount of data that is
  important but what organizations do with the
  data. Big data can be analyzed for insights that
  lead to better decisions and strategic business
  moves.

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