According to the Cisco Connected World Technology Report, which surveyed a variety of IT professionals over 18 countries, many see Big Data as the next profitable well to mine. Cisco’s report places roughly two-thirds of those surveyed to see Big Data as a priority for companies over the next 5 years. Additionally, 60% stated their belief in Big Data’s ability to “help improve decision making and global competitiveness.” With many experts and professionals in agreement, its evident that Big Data will play a part in companies’ infrastructures moving forward; however, questions remain, how and why?
Big Data is defined as being a collection of large data sets that’s size disables it from being captured, managed, and processed by commonly used software tools over an “acceptable” period of time. That being said, for users to better manage Big Data they would need help. This is where companies’ interests kick in. By offering Big Data services, companies may be able to turn a new source of revenue. While only a theory, it seems very probable as 38% of those surveyed stated that a strategic plan is needed to take advantage of Big Data.
Separate from theorizing, Cisco’s findings go on to state that this refocus will also alter companies’ infrastructures. “Over half the respondents expect Big Data strategies to increase their IT budgets in 2013, and 57% said Big Data will increase budgets over the next three years. Eighty-one percent said all or some Big Data projects will require cloud computing capabilities.” Stemming from both offerings and infrastructure, Cisco also found that many companies plan to lump other data services into their Big Data plans, “73% plan to include data from digital sensors, smart meters, video, and other non-traditional networked ‘smart devices’ into their Big Data Plans.”
While some companies search for their own solutions, others seem to already be in motion. While security stands as a major concern (especially with the volume of data in mind), some have suggested that Big Data be used as a way to “heighten IT and business operations security.” Yet, even with this retort, Big Data still faces other reservations–i.e. Network capacity and upgrade capability.
Regardless of hesitancies, it doesn’t seem as if any of these reservations will slow the want for Big Data adoption. While many companies have drawn up plans, and others look to build their own, Big Data seems very tangible. Though it will definitely effect companies’ infrastructure and offerings, its still uncertain how users will be affected.