Understanding Big Data
For recent Big Data news articles, please > click here <
People are bombarded by large sums of new information on a daily basis. There is literally so much information thrown at us every day that information overload is a normal occurrence. As a result, both individuals and companies are seeking new ways to manage an increasing volume of information.
Data has also become a huge part of every Canadian organization. Now more than ever a company’s data management has taken on a huge role and is requiring more attention, resources, and budget money. Since companies are in the habit of collecting and analyzing large sums of information and data as part of their strategic decision making process, they are also storing large sums of data. This has led to the rise of big data.
What is Big Data?
Big data is a term that has roots in information technology. Also referred to as enterprise big data and in the context of big data analytics, it refers to processes, procedures and tools that are used by companies to manage high volumes of data and information. This includes strategies employed to develop, manage and manipulate sets of information that are outside the scope of standard software tools.
How is big data defined?
While the definition of big data will vary, here are three factors that aid in defining the term:
- Ease of use: Big data is a term that is used when companies begin to have trouble storing, sharing, and analyzing data with database management tools.
- Size of the data set: In general, big data is thought to mean terabytes, petabytes or larger sums of data. However, this number will continue to increase overtime as the need for more data grows.
- Data management: The size of big data will vary from organization to organization; however, if your company has to reconsider your data management options, then you are likely dealing with big data.
How does big data help organizations?
Big data will help Canadian companies in the following ways:
- A way to uncover more efficient methods of productivity
- The ability to uncover more subtle variances in data, performance, processes, and analytics
- A method to create new innovation
- The ability to identify trends and forecast future actions
- More detailed and specific information to be used in the decision making of key stakeholders
Things that have led to the rise of big data
There are a number of factors that have led to the rise of big data:
- The increase volume of data collected by Canadian organizations
- The increased need for more detailed information
- The need to continuously find new differentiating factors
- The rise of social media
- The integration of multimedia into the business arena
- The rise of analytics
How big data creates value for organizations
Big data will play a significant role in companies going forward. Here are a few ways that it will be able to provide value once companies implement it into their operations:
- Transparency: Big data can help to make data more transparent and available within your company. This will make it more accessible and allow people to use it more frequently.
- Policy development: Increased data and analysis will allow companies to create more accurate internal and external policies.
- Development of future strategies: Big data will assist in the development of new strategies, products, and protocols.
- Focus: Big data allows companies to create more specific and detailed products. This allows them to be extremely detailed and become more accurate in meeting their customer’s specific needs.
- Decision making accuracy: The more data and information that is collected and analyses will allow people to make more accurate decisions in all facets of your organization. This will improve overall decision making at all levels of your company.
Big Data Video
Friday, May 17, 2013Pentagon approves devices running Apple iOS6 The U.S. Defense Department okays government-owned handsets and tablets running the operating system, along with BlackBerry and Samsung's Knox
Wednesday, May 08, 2013Why stick with Microsoft? CRM expert Gene Marks says most enterprises will stick with Microsoft over Google and Apple. Is he right?
Friday, April 26, 2013Coffee with Apple’s Tim Cook now at $500,000 The iPhone’s slumping sales may have cast a shadow on Cook’s leadership, but bids being pulled in by a charity auction featuring some coffee time with him proves the Apple chief is still very popular
Monday, April 08, 2013Mobile trend hurts IE, Firefox Internet Explorer still accounts for largest desktop usage but its weak mobile presence has hurt its overall standing
Thursday, April 04, 2013Analysts weigh in on Apple’s apology to China Three China-based industry analysts give their take on Apple's decision to apologize to Chinese consumers following two weeks of attacks from state-owned media
Monday, April 01, 2013Apple fails to get iPad Mini trademarked The United States Patent and Trademark Office says the word "mini" merely describes the smaller iPad's size
Monday, March 25, 2013Apple snaps up mapping app startup WiFiSLAM WiFiSLAM's indoor mobile navigation technology could help Apple get over its mobile mapping problems
Friday, March 22, 2013Canadians at risk of Apple password breach? Security patch released by Apple is not available in Canada yet
Wednesday, February 20, 2013Five new Java fixes released Oracle promises to accelerate patch cycle amid growing concern over its ability to keep Java safe
Friday, February 08, 2013Apple all alone in eBook price fixing probe MacMillan has become the fifth book publisher to settle with U.S. Department of Justice, leaving Apple Corp. the sole company facing the DOJ’s allegations of eBook price fixing
Monday, January 14, 2013RIM nets 15,000 new BB 10 apps A little more than a week to the formal launch of its BlackBerry 10, Research in Motion reports snagging 15,000 new apps for its much anticipated new phone
Friday, January 11, 2013Mobile devices to get power boost from IPv6 The next version of the Internet Protocol will enable mobile devices to perform better and work longer, according to experts
Tuesday, January 08, 2013RIM, Apple sued over 3G, 4G patents The Canadian smartphone maker and its U.S. nemesis are among 15 companies named in a lawsuit filed before a Delaware court
Monday, January 07, 2013iPad, Android tablets to flood enterprise space Despite its much lauded effort on Surface, Microsoft will be thwarted once more in its bid to capture the tablet market as Android and Apple units are poised to make solid inroads into the enterprise space in 2013
Thursday, December 20, 2012Samsung faces antitrust charges from EC The European Commission says Samsung abused its dominant position in the market by filing patent lawsuits against its rival Apple
Thursday, December 20, 2012Oracle to end Java 6 security support After February 2013, Oracle will no longer post updates of Java SE 6 to its public download sites according to a post on the Oracle Java SE Support Roadmap
Tuesday, December 18, 2012No new trial in Samsung-Apple fight The judge in the US$1 billion trial has refused to order a new hearing in the case. However, both sides can appeal to higher courts
Friday, December 07, 2012Macs to wave stars and stripes Apple CEO Tim Cook says the company will spend US$100 million to bring some Macintosh manufacturing to the U.S. A columnist looks at what it means
Monday, December 03, 2012Why Apple needs an enterprise strategy iPhones and iPads are sprouting up in organizations as bring-your-own-device strategies are embraced. But if Apple wants to be really taken seriously it has to do more
Friday, November 23, 2012BlackBerry 10: Excited yet? RIM's long-term prospects may seem bleak, but a lot of short-term success could put it back in the game
Thursday, November 22, 2012Steve Wozniak talks about the IT culture clash Apple co-founder tells a Toronto audience that rebellious minds in an organization can lead to brilliant ideas
Wednesday, November 14, 2012The ultimate limit of data centre resiliency In Hurricane Sandy’s aftermath, customers may start to pay closer attention to where their cloud provider’s data centres are located, says CentriLogic president and CEO
Monday, November 12, 2012Apple and HTC bury the hatchet The two companies have come to an agreement after many months of litigation
Monday, November 05, 2012Three more dragons to slay before RIM’s return Blackberry 10 needs to be cooler than the competition, says guest blogger Tim Collins
Thursday, November 01, 2012Top 3 business changes in iOS 6 update We've heard a lot of quibbling over the botched Maps app. But what features in iOS 6 are important to know from a business context?