The CTOvision guide to the business of Big Data is designed to help enterprise technologists track this megatrend in actionable ways.
For years now people and our sensors and our computers have been generating more information than we can analyze. Breakthrough methodologies and new scalable data approaches based around Hadoop hold great promise to helping us make sense over increasingly large data sets. Sensemaking is key to success in most all other technology advancements. The ethical considerations around privacy and security over data will only grow.
The growth of Big Data has been foundational to the ability of enterprises to leverage Artificial Intelligence. The two megatrends have to be tracked separately, but are related (you can analyze Big Data without AI, but it is hard to do AI without Big Data).
A snapshot of the Big Data trend right now indicates:
- Estimates of 1 Trillion sensors by 2020
- Breakthrough methodologies and new scalable data approaches based around Hadoop hold great promise in sensemaking over large data sets.
- Sensemaking is key to success in most all other technology advancements.
- Ethical considerations around privacy and security over data will only grow.
- How ethical considerations are resolved will depend on culture, politics, other factors.
Open questions decision-makers should track include:
- Can there be widely accepted ethical frameworks for data and its use?
- Who will individual citizens trust to analyze their personal, home, auto data?
- Can behavioral analytics enhance service and security?
- What can adversaries do to attack enterprises via attacking data?
Impact of Big Data trends on Due Diligence assessments:
The trend of Big Data is an increasingly important element of corporate Due Diligence.
- On the sell side: Firms should ensure their data architectures are optimized and data is protected. Privacy considerations are also key and should be optimized prior to sell, as should compliance issues (especially compliance with GDPR and California 2020).
- On the buy side: Buyers should pay particular attention to the security and ethics around data policies and architectures.
Strategically, the evaluations of firms is an art requiring assessment of how unique the capability is and how much in demand it will be in the market. We provide due diligence consulting via our consulting arm, OODA LLC.
The way most enterprise technologists see these Big Data megatrend up close and personal is through the offerings of the companies providing big data solutions. For our reviews of the most disruptive technologies in the big data space see our Big Data Companies list.
For alerts on future posts on this topic see CTOvision Newsletters.
Latest Entries in the CTOvision Directory of Big Data Firms:
Additional reporting on Big Data and Analytics:
- DIA Provides Vision of new Data and Analytics Approach called MARS
- Cloudera, Tamr, Zoomdata, Trifacta, Kinetica help GSK
There are seven key megatrends driving the future of enterprise IT. You can remember them all with the mnemonic acronym CAMBRIC, which stands for Cloud Computing, Artificial Intelligence, Mobility, Big Data, Robotics, Internet of Things, CyberSecurity.
Track the most disruptive technologies by diving into our categorized index:
Artificial Intelligence Companies – A fast overview of Artificial Intelligence companies we believe are poised to cause the most positive disruption in the enterprise.
Big Data Companies – Reference to the greatest, most disruptive Big Data companies in the tech ecosystem.
Business Intelligence Companies – We assess these to be the Business Intelligence Companies most impactful for delivering real decision advantage.
Cybersecurity Companies – We apply our deep expertise in cybersecurity to assessing the best across multiple categories including:
- Cyber Threat Intelligence
- Endpoint Detection and Response
- Governance, Training, Education, Process
- Managed Services, Outsourced Security
- Microsegmentation and Container Security
- Network Traffic and Analysis
- Security Scanning And Testing
Cloud Computing Companies – We include both platform and software as a service providers, capturing only the most innovative and disruptive.
Collaborative Tool Companies – These are the firms that help humans connect to humans to create, manage and lead.
Infrastructure Companies – Critical enterprise foundations for business agility.
IoT Companies – Internet of Things and Industrial Internet of Things are here. How do you manage them?
Mobile Companies – Help manage, configure, secure and optimize these very powerful capabilities.
Robotics Companies – Including innovations in Robotic Process Automation, Drones, and industrial robotics.
Services Companies – We only track a few, the ones we really know well.
Tech Titans – These are the big players. We track the tech titans closely since their capabilities change continuously.
VC, PE and Finance Companies – Keeping an eye on the investors can give indications of coming developments.
You can also use our topical pages to get up to speed quickly on the current status of the major megatrends. See our pages on Cloud Computing, Artificial Intelligence, Mobility, Big Data, Robotics, Internet of Things, Cybersecurity and Blockchain and Cryptocurrencies.
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- ElasticON Public Sector US Federal on April 13: For any organizations with a desired to optimize data - February 22, 2021