Big Data: Facts & Figures

By Shandy Lo

Everyone is talking about big data and the challenge of managing ever-increasing floods of data. We’ve collected the most important insights from research on this trend.

Graphic: grasundsterne GmbH

Graphic: grasundsterne GmbH

For many people, the term big data conjures up an image of a flood of data that must be stored and managed. But what exactly is the difference between “a lot” of data and “big data”? According to Gartner, information becomes big data when the volume can no longer be managed with normal database tools. Due to the mountain of information that companies are producing and spreading through social networks, CIOs are now facing the challenge of processing all this data in a short time.

Untapped potential

Besides the volume, the complexity of data also presents a problem. Social media creates a diverse output of types of data, from text to videos. IDC expects digital data volumes to double every two years. Nevertheless, they say that most companies still haven’t tapped into the full potential of their data. There are challenges, after all. One of the most common obstacles companies face is the sheer effort involved in searching for meaning relationships among the terabytes of data.

We’ve put together a collection of the latest big data trends, according to the most recent studies from IDC, Experton Group, and Symantec.  Take a look at each trend in detail:

Benefits of Big Data

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IDC carried out an online survey with 150 German companies and organizations on behalf of the SAS Institute. Among those interviewed were employees from the industrial sector, transportation industry, business services, and financial services. The study, “Big Data Analytics in Germany 2012″, analyzed the role of big data in Germany.

Big Data Use Cases

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IDC also asked participants how companies would use big data analytic solutions in the future. The top use cases? More market-oriented product development, improved risk management, and IT analysis.

Factors Driving the Growth of Big Data

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On behalf of BT Germany GmbH & Co., the Experton Group carried out a study on the question of how big data is changing business and IT. The study, “Data Explosion in Business IT”, was carried out in March and April 2012 with 100 decision-makers working at companies with more than 500 employees. Most participants named mobile use of the Internet and cloud computing as the most important factors driving the growth of big data.

What is Big Data?

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The term big data is well-established in the tech scene, but do CIOs and users know what it means? Experton asked survey participants which definition they most agree with.

Which Business Area has the Most Potential?

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Both the business and market researchers have high expectations for big data. They expect several processes to become faster and more efficient through the implementation of related technologies. Experton asked where the most potential lies.

What are the Consequences?

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In its March 2012 study, “State of a Data Center Survey 2012″, Symantec spoke with 2,453 IT managers from 34 countries on the causes and challenges of new technologies. Because they’re dealing with business critical applications, most IT managers struggle to maintain an overview of the data center.

  • http://twitter.com/PeculiarBlend Push vs. Pull

    Fantastic piece. Sounds great.

  • http://about.me/soloforafeno Solofo Rafeno

    Beyond the marketing hype, what could it bring really to business? Any best practice to be shared somewhere?