Big data represents a significant paradigm shift in enterprise technology and stands to transform much of what the modern enterprise is today. Digital data is everywhere and global data is growing at 40% per year. Companies across the world are capturing vast amounts of information about their customers, suppliers and operations. Yet the question remains - to what extent has the focus of the conversation moved from the IT department to the boardroom?
Hundreds of terabytes. That’s the amount of Big Data being generated by multi-national corporations, every day. While terrifying for some, others see it as an opportunity to fundamentally transform how their organisations operate and make decisions. According to Gartner, Big Data is forecast to drive $34 billion of IT spending in 2013. But what most people think of when they hear the term ‘Big Data’ almost certainly isn’t what I'm talking about. What many organisations still regard as Big Data – unstructured information contained in emails, electronic documents, social media interactions etc – is just a thin layer in the vast strata of data available to them.