Whether you consider it the next big thing or dismiss it as the next big hype, Big Data is currently on every CIOs radar. And it’s helping to fuel the interest in cloud services. Technology research firm IDC forecasts that worldwide public IT cloud services spending will reach almost $108 billion by 2017, up from an estimated $47.4 billion in 2013. A key factor behind this explosive growth is the startling increase in data – and not just any data, but useful data that comes from a variety of sources.
As CIO’s have discovered, useful data can be found just about anywhere. Some sources include server logs and “sensor data.” For eCommerce companies, server data tracks visitors who visit their websites, as well as what pages they view. Tracking this data can provide invaluable insights as to what specific products and services customers are looking for.
Another source of data is “sensor data” – a byproduct of the buzzy term, “Internet of Things” (IoT). In IoT, cheap sensors are connected to the Internet, offering a steady stream of data. For example, transportation companies can gather data from their fleet drivers via sensors attached to their vehicles – gauging how long a driver is on the road, the number and duration of rest stops, total travel time, and so forth.
So now that CIOs have a glut of data, the next challenge is determining where to store it and how to leverage it. In many cases, a custom private cloud solution allows companies to leverage lower price-points associated with virtualization without placing their infrastructure in a shared environment. With private cloud solutions organizations can also allocate resources and costs back to line-of-business stakeholders, providing greater budget management.
In light of the data breaches that global companies such as Target and eBay recently experienced, CIOs are intensely scrutinizing the security and backup measures that cloud service providers (CSPs) have in place. Compared to the traditional approach of purchasing, provisioning and managing a physical environment, private clouds offer state-of-the-art equipment, enhanced security, improved back-up options, and manageability.
Since big data relies on solid data modeling to provide useful insights, a critical challenge facing CIOs is securing the expertise needed to accomplish this. According global management consulting firm, McKinsey & Company, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills by 2018. Organizations are currently scrambling to hire and keep the best talent.
Ntirety, a division of HOSTING, helps global companies manage the entire Big Data Lifecycle, from basic data infrastructure to the most advanced data analytics. We achieve this through a hands-on, consultative approach paired with a range of services including:
- Remote Database Administration as a Service
- Cloud Computing and Database Consulting Services
- DBA on Demand
- Application and Database Performance as a Service
- Managed Cloud Services
Want to find out more? Contact us today to discuss.