big data - the next essential and it's challenges

How is big data changing businesses? KEY CHALLENGES that organizations are facing in leveraging big data are: THE CHALLENGES OF 3 V’S OF BIG DATA HOW TO OVERCOME THESE CHALLENGES The Next Essential and It’s Challenges Big data’s potential to boost company performances and unlock insights which were previously unavailable has made it the next point of parity for every organization. The differentiator will be it’s implementation, choice of partner and usage. Organizations make better decisions and conclusions by collecting and analysing real time data. 60% increase in operating margins for retailers Improper data security and protection Lack of talent to carryout big data analysis regularly Integration with existing system Procurement limitations on big data vendors Enterprise not ready for big data Management and control of data on a regular basis Configuring the existing system in line with the data strategy Having a proper data strategy in place Hiring the right talent and training them for the right skillsets Implementation of capable but cost effective tools. Budget and cost concerns Absence of right resources to run big data www.cmsitservices.com Unstructured data and increasing amounts of machine-to-machine data is being collected. It has been recorded that 90% of the total data generated till date was generated last year. Each minute 100 hours of video is uploaded on YouTube, 200 million emails sent, 20 million photos are viewed on flicker and Twitter receives 300,000 tweets. Thus, continuous and high speed streaming of data is required with timely management. Data is received in various formats, which requires the database to have a versatile platform that can read all formats. It is observed that 90% of data generated is unstructured and in different formats. 01 02 03 Volume Velocity Variety 51% 47% 41% 37% 35% 33% 27% 94% organisations are generating revenue from new sources 89% organisations have developed new products 5X increase in speed of decision making. 89% have used big data for digital transformation worldwide by 2018. 92% of customers are satisfied with business outcomes

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Page 1: Big Data - The Next Essential and It's Challenges

How is big data changing businesses?

KEY CHALLENGESthat organizations are facing in leveraging big data are:

THE CHALLENGES OF 3 V’S OF BIG DATA

HOW TO OVERCOMETHESE CHALLENGES

The Next Essential and It’s Challenges

Big data’s potential to boost company performances and unlock insights which were previously unavailable has made it the next point of parity for every organization. The differentiator will be it’s implementation, choice of partner and usage. Organizations make better decisions and conclusions by collecting and analysing real time data.

60% increase in operating margins for retailers

Improper data security and protection

Lack of talent to carryout

big data analysis regularly

Integration with existing system

Procurement limitations on big data vendors

Enterprise not ready for big data

Management and control of data on a regular basis

Configuring the existing system in line with the data strategy

Having a proper data strategy in place

Hiring the right talent and training them for the right skillsets

Implementation of capable but cost effective tools.

Budget and cost concerns

Absence of right resources to run big data

www.cmsitservices.com

Unstructured data and increasing amounts of machine-to-machine data is being collected. It has been recorded that 90% of the total data generated till date was generated last year.

Each minute 100 hours of video is uploaded on YouTube, 200 million emails sent, 20 million photos are viewed on flicker and Twitter receives 300,000 tweets. Thus, continuous and high speed streaming of data is required with timely management.

Data is received in various formats, which requires the database to have a versatile platform that can read all formats. It is observed that 90% of data generated is unstructured and in different formats.

Volume

Velocity

Variety

51%

47%

41%

37%

35%

33%

27%

94% organisations are generating revenue

from new sources