Big data is essentially a way of storing different types of data on an infinitely scalable platform. Big data is being generated constantly, from connected devices and social media exchanges, every digital process, every sensor and system is producing data at a phenomenal rate.
Big data usually displays at least one of the following characteristics:
- Volume – high volumes of data, typically seen in B2C websites, mobile operators,
- Velocity – data being generated at high speeds, i.e. social analytics, global transactions
- Variety – several different types of data or data sources, i.e. consolidating internal and external data sources, unstructured and structured
To extract value from big data requires unprecedented levels of processing power, analytics and storage. There are many big data technology solutions on the market, however, to reap the anticipated benefits and value from these solutions, a new approach to data architecture, tools and methodologies is required.
These solutions also demand new skills, Gartner predicted we would be needing over 4 million data scientists by 2015. As well as driving a need for a data-driven workforce, big data is also forcing organisations to examine how they are implementing data governance and security policies.
ExceedBI has a skilled team of experts with experience across the breadth of key data disciplines including big data, BI and analytics, data quality and governance, MDM and data testing. To find out more about how we could assist with your big data requirements, contact us.