Big data management demonstrates escalating worth for the enterprise
Outsourcing will become increasingly common for big data management in 2013 as the labor and financial stress of storing and monitoring high volumes of information becomes unmanageable for most businesses.
Gartner reported that businesses are becoming more aware of the value that lies in big data stores, and finally treating them as an asset that can only be effectively maintained and nurtured through database experts. Research by the firm concluded that 30 percent of companies will give monetary assets to big data in the quest to mine it for value. The majority of enterprises lack necessary skills to turn unstructured data sets into veritable revenue, and will need to utilize remote database services to do so. Doug Laney, research Vice President at Gartner commented on the implications of the firm’s research.
“Consumers and businesses must recognize that their personal usage, location, profile and activity data has a tangible market value,” he stated.
While big data was the buzz term last year, focus will shift toward effective data management in order to uphold the hype. In order for companies to derive profit from big data as per individual objectives, it will be essential to implement administrative software capable of effectively storing, archiving and monitoring this expansive information.
Database support empowers employees
According to Smart Data Collective contributor Jim Harris, most company leaders are incapable of making sense out of big data, which has a negative impact on business decisions. A proper framework for data quality allows the entire staff of a company to actively take responsibility for data governance, highlighting the cross-effectual integration of business and technical knowledge.
Most importantly, Harris explained that data management provides business leaders with insight into how departments are related and co-dependent, and in what ways each informs one another. Darren Cunningham, Informatica’s Vice President of cloud data integration, told IT Business Edge that the union of people and processes will be a main trend in cloud-based data management this year.
Software-as-a-service gives companies the ability to make standards for data storage consistent across all applications and channels, Cunningham explained. Database experts will have an integral role in assisting businesses with governing big data and ensuring it can be leveraged for constantly improved strategies.
Big data quality will increasingly depend on technology to empower enterprise employees to optimize performance. As the market steadily realizes the potential worth that lies in big data stores, businesses will continue to seek advanced support for data administration initiatives.
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