2014 Big Data Outlook: Opportunities and Challenges

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A plethora of tools

Call it an embarrassment of riches, but one additional obstacle to achieving Big Data analytics nirvana is selecting the right tools from a very broad spectrum of solutions. Many elements go into a Big Data analytics effort. That fact was reflected in the diverse set of technologies survey respondents claimed they are using and plan to use.

About 44 percent said they were looking to use analytics databases. Following close behind at 41 percent were BI tools and relational databases. And more than a third of the respondents noted that they also use data warehouses, predictive analytics, data visualization tools, and discovery platforms.

Big Data has the potential to help companies improve operations and make faster, more intelligent decisions. As such, Big Data initiatives are poised for explosive growth. But like any new technology, there are obstacles that might prevent companies from realizing the full benefits that Big Data can provide.

To better understand the business drivers, expected benefits, and challenges of Big Data, QuinStreet Enterprise conducted a survey of 540 decision-makers involved in Big Data purchases.

The survey found that:

  • 77 percent of respondents consider Big Data analytics a priority
  • 72 percent cite enhancing the speed and accuracy of business decisions as a top benefit of Big Data analytics
  • 71 percent of mid-sized and large companies have plans for, or are currently involved with, Big Data initiatives.

However, even with this enthusiasm for Big Data and the expected benefits it might deliver, companies face numerous challenges in their Big Data efforts. Many are concerned about:

  • Big Data project and management costs
  • How to scale their infrastructures to accommodate the large volumes of data to be analyzed
  • Overcoming data silos and application integration.

Download Now: 2014 Big Data Outlook: Big Data Is Transformative – Where Is Your Company?

 

Related Topics : Vulnerabilities and Patches, Resellers, Broadcom, Broadband Services, Supercomputing

 
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