What Does the Future Hold for Enterprise Big Data?

Featured article by Jeremy Sutter, Independent Technology Author

It’s no secret that big data and AI are taking over in the business world. This is especially true for enterprise companies. If you run or operate a data set for a large company, then you need the right tools and tactics to stay competitive. After all, the other players in your market are using these to their full advantage and if you don’t as well you could miss out on opportunities. So what does the future hold for enterprise big data?

Big Analytics

With so much data, companies will be able to perform math on their data like never before. It will provide key insights into trends that will help them identify efficient actions and eliminate those that don’t add to the bottom line. The end result is getting more for less time and money invested.

Open Source

It can be a challenge to deal with software that is not open source. Your programmers and analysts cannot crack the software and see what is going on under the hood. They have to rely on the company making the software to make updates and change algorithms. With open source, you enjoy the benefits of understanding exactly what is going on underneath. Your team can change code as they need to so it well suited to your specific applications. This has a huge effect on the way you update your systems and hire over time.

Pay As You Go

With many software suites like Azure HDInsights, you don’t pay for what you don’t use. this lets you stay lean with your funding instead of going over budget. No more worrying about paying too much up front for something you might use. Instead, enjoy paying just for the actual servers and software that are going to get you where you want to go so you can reinvest the profits elsewhere.

Low Cost

In the past, big data figuratively cost an arm and a leg. Today, the big data is more affordable than ever before. If you have a large amount of information to sort through, you won’t have to spend near as much as you did in the past, thanks to formulas doing much of the work for you.

Scalable

Scaling is always an issue for enterprise companies. Knowing how much to invest in a part of your business to keep the growth going is a large problem. However, you can avoid this issues by leveraging big data. You can find out how much to spend and where. That way you aren’t wasteful with your dollars.

Integrated

Integration is a key component of the new age of business. For big business, being able to have all your systems communicate with each other is key if you want to have a robust atmosphere where employees know what pieces of information fit together.

Data Warehousing

Sometimes, you don’t have a problem collecting data, but rather you need a place to store it. Big data lets you warehouse this data and save it for when you really need it, all for a lower cost than it was just a few years ago.

Accessible Across Teams

There will always be teams who need to communicate with one another, even if they don’t work in the same department. To save them time going back and forth, big data can be computed and translated into metrics that teams can share and have a common language around so they can work together better.

Long gone are the days where a company only had a small amount of data online and the rest offline. Today, so much information must be managed and dealt with accordingly. This isn’t just a defensive move, but also an offensive one that allows you to gain more of your market with rapid speed. So use the tips above and start doing more with your company’s big data.