Transcript Document

TOP TECHNOLOGY TRENDS
Big Data
What is it?
The term “Big Data” is used to describe the
growing accumulation of data from various
internal and external sources
Big data describes the increase in the
collection and storage of information, most of
it valuable and irretrievable
Big Data issues deal with data architectures, taxonomies, data
classification, data management, retrieval, analysis and use
Businesses are confronted with the paradox of being data rich but
information poor, and need for effective means to use the increasing
amount of data to provide more effective and timely information
May 24, 2012
© 2012-Robert G Parker
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TOP TECHNOLOGY TRENDS
Big Data
Why is it Important?
New sources of information are being developed. New techniques are
needed to fully benefit from this information
The growth in unstructured information (email, word documents,
PowerPoint's etc.) already out paces the traditional sources of
transaction data
Organizations that are able to extract useful information from the
growing sources of data will have more insight into their organization,
its customers, suppliers, products, its people and its profits
While the opportunities are significant, there are still technical
obstacles
Currently, industry observations indicate many experiments few
pervasive and sustainable implementations
May 24, 2012
© 2012-Robert G Parker
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TOP TECHNOLOGY TRENDS
Big Data
Issues and Risks
Few organizations even know what information assets they have
Fewer still have the capability to manage those assets. Email is an
example that resonates with many – are there classification, retention
and disposition standards and how effectively are they applied
With e-discovery in the courts routinely applied to email, management
is becoming increasingly aware of the issues associated with large
volumes of data
Many of the issues that we see emerging relate to future difficulties in
leveraging both unstructured and structured data
Taxonomies exist in some industries but few are available for
unstructured data
May 24, 2012
© 2012-Robert G Parker
Page: 3
TOP TECHNOLOGY TRENDS
Big Data
Issues and Risks
Many large technology providers are putting forward technical
solutions however these generally assume the ability of the business
to govern its data e.g. have common definitions for key information
assets such as customer or product
In many organizations standard definitions do not exist or are not
applied rigorously or consistently to these growing volumes of data
Ineffective search results or too few or too many results resulting
from poor definitions or taxonomy
Increasing need for storage of data and how to assess which storage
solution fits best for their business environment and needs
May 24, 2012
© 2012-Robert G Parker
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