October - 2014 - issue > CXO View Point

Big Data Market Review and Call for Solutions Innovation

Kamal S Bathla
MD-Maestro Technologies
Sunday, October 5, 2014
Kamal S Bathla
Edison, NJ based Maestro, is a global full-service Big Data integration, application management, data analytic and consulting firm.

"Big Data" is a revolution that has already started transforming and mobilizing our thoughts by strength of Data Science, trends and patterns helping eliminate ambiguity, catching frauds and steering the businesses and consumers towards efficient marketplace. It helps analyze data via visual portrayal of information towards wise decision-making. It helps transform data into information, knowledge and experience. Using Big Data ecosystem and a right strategy, proper processes, resources and tools, a company can achieve a very high growth-rate.

Big Data Bang

There are 4.6 billion mobile-phone subscriptions worldwide and there are around 2 billion people accessing the internet. The world's effective capacity to exchange information through telecommunication networks was 281 petabytes(1015) in 1986, 471 petabytes in 1993, 2.2 exabytes(1018) in 2000, 65 exabytes in 2007 and it is predicted that traffic flowing over the internet will reach 667 exabytes annually in 2014. It is estimated that one third of the globally stored information is in the form of alphanumeric text and still image data, which is the format most useful for most Big Data applications.

Moore's law has held firm that processing power doubles every two years. Processing speed is no longer a problem; however, getting the data to the processors becomes a bottleneck. Innovations are needed for higher data transfer rates for local processing, so an improved data size can be handled over a distributed environment. Or maybe complete new computer architecture is needed that can handle machine learning at the data storage component level as an extension of the memory types.

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