3 Promising Big Data Trends that will Drive Growth
Big Data Trends are most talked about these days. It is not difficult to assume that the years from now will have a dominance of new Big Data Trends. Data is all around us. Gathering, analysing and using it to make informed decisions is what Big Data is all about. Right from product searches to cart abandonment, all actions get an uplift through it.
Big Data creates opportunities in spheres that were never ever imagined erstwhile. It is of value to almost all processes across all verticals. The implementation of Big Data will continue and shows no sign for an ebb.
In order to stay abreast with it, one must keep a track of trends associated with it. Losing the updates of this technology will put you eons behind your competition. The technology in itself grows at a fast pace bringing down the rate of maturity also to a faster pace.
3 Big Data Trends
Read further to know the promising Big Data trends that will drive growth in the immediate future.
- Analytics on Cloud : A majority of organisations use Big Data tools that work with physical machines. Though today the trend has turned to cloud-based data warehouses. Apart from significant savings on the cost, it is also easy to integrate analytics on Cloud. Moreover, the costs of scaling on virtual platforms to physical servers are also lower.
- Live Product Tracking : The collaborative efforts of Social, Mobile, Analytics and Cloud allow real time tracking. Hence, it is all the more important to know real-time updates of product since the time you have paid for it. Apart from live updates on the delivery; tracking the performance is also sought after. This is the trend that will dominate the coming times. Each and every product will integrate its journey tracking via the Big data. A good thing to know is that the sensor tracking devices are cost effective. Hence, product notifications service is beneficial for both the customers and the companies.
- Moving from Data Lakes to Data Platforms : The use of Data lakes has been extensive for Big Data. They are the storage repository to hold vast amounts of raw data in its original format. Data lakes stores them in a secure state until needed for any complex computing. They are of great use because they allow the storage in its native format. This is of importance in situations when it is not sure as to what kind of usage or scope that data can bring in. In a phased manner, the organisations are moving ahead of the Data hubs concept. Now they are moving towards the concept of Data Platforms from the current Data Lakes. To put it in simple terms, Data platforms allow live integration and processing of data. This allows the Hadoop to integrate with the platform to perform real-time processing. This creates holistic efficiency in the entire Big data cycle for the organisations. They are able to perform quicker actions on the insights gained through complex sets of data.
This is a snapshot of 3 Promising Big Data Trends That Will Drive Growth in the immediate future. Will be great to know if you know about a fourth one.
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