We’ve been talking a lot about how Big Data and cloud computing are changing business, adding value through agility, mobility, and competitive advantages.
These benefits span industries, and one in particular is experiencing an evolution: the entertainment business. In celebration of recent award shows, let’s look at how these technologies are transforming the industry — even the awards themselves.
Though cloud computing dominated many IT conversations this year, there was plenty else to talk about in the tech world. And talk you did.
We analyzed the articles you clicked on, retweeted and mentioned on Twitter to come up with the top IT stories that you, the folks on the front lines, deemed most important in 2012 for business. Let’s take a look:
When it comes to Big Data, your organization could be missing out on key advantages to find and keep customers. Businesses today are producing and processing masses of data — at breadths, depths and velocities never seen before — and they’re using the information collected for competitive advantage with customers. But many organizations might not fully recognize the value of all the data being managed. In fact, only 37 percent of IT and business managers are familiar with the Big Data concept, according to CompTIA’s recent “Big Data Insights and Opportunities” study.
But according to the latest research, organizations that use analytics, and use them creatively—finding interesting patterns and following them down the rabbit hole, as data scientist Bill Franks says — are the ones reaping value.
Across industries, organizations are collecting and using large sets of data to get a leg up on the competition. One industry that has been particularly aggressive at harnessing the power of data is the banking business.
And it’s no wonder. In 2009, the McKinsey Global Institute estimated that U.S. banks and capital markets firms collectively had more than one exabyte of stored data. And, according to IDC Financial Insights, the volume of digital content is expected to increase this year from last by 48 percent.
Big Data isn’t just near. It’s here.
And though IT professionals are no strangers to handling large amounts of information, the sheer breadth, depth, velocity and variability of the data that enterprises are producing and processing requires new ways of thinking about data management.
Unfortunately, many organizations are behind the curve when it comes to controlling the data flow.
