As the Internet rapidly becomes the place for almost anybody to store and transfer data, this space gets crowded with chunks of information that require huge computing power to process them. The term ‘big data’ refers to large amounts of digital data that are difficult to process and, up until recently, only huge enterprises had to face the problems of managing them. Now, as more and more small businesses expand their online presence, more tools are needed for efficient big data management.
Cloud computing technology has made it possible for many organizations to cope with this problem. As the cloud matures, it increasingly focuses on big data and developing solutions that are able to deal with them.
Big Data Cloud: How to Manage Big Data in the Cloud
Big data growth phenomenon
It used to be a tendency to relate particular fields, such as pharmaceutical companies and financial analytics, with large digital databases. However, there are plenty of other industries where a thorough analysis of large datasets is necessary. Whereas most business documents get transferred to a digital form, traditional software solutions clearly lose their power over them. Even average-sized companies now need access to software tools that would enable them to process large amounts of digital data accurately and, possibly, at a reasonable price.
The development of cloud computing resulted in the overall decrease in prices of advanced software solutions streamed via the web. This is not only because cloud vendors are many, but also because of the general elasticity of the cloud. Cloud platform enables users to buy a necessary software program through pay-per-use models and thus access all the resources they need. Then, as the amounts of digital data grow, a company may at any point upgrade to premium accounts and get more cloud storage space for a slight increase in price.
Clearly, before this form of data storage had become widely adopted, smaller businesses didn’t need particularly powerful software solutions for managing their data. NASA was one of the companies that needed incredible processing power technology to be able to cope with unstructured data. Now large databases and unstructured data are almost a household item, which justifies an increased requirement for advanced cloud solutions. This is why many industries, including educational, healthcare and governmental institutions, decide to implement cloud technologies.
Future predictions for Big Data storage in the cloud
Big Data and cloud computing are concepts that are frequently discussed in relation to each other. As simplified big data analytics means that more companies are able to achieve a competitive advantage, it is reasonable to expect that the focus of cloud technology will remain exactly here. According to the last year’s report by Gartner, big data market is to drive $34 million of worldwide IT spending in 2013. Their experts predict that by 2020:
“the functionality and features of big data will not be varying from what is expected from traditional enterprises vendors, and part of the products they offer.“
Apparently, the cloud has had a major impact on the direction of development of many businesses worldwide. Yet, there are so many ways in which it can contribute to further progress. One of them is definitively its power over big data, which is why these two trends are expected to grow in line with one another and shape the industries in the future.
Do you agree with the writer’s claim about big data and cloud technology forecasts for 2020? Please share your views