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‘Cognitive storage’ aims to cut the cost of big data

06

Apr
2016
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cognitive storage cut big data costs

One of the key challenges for any organisation embarking on a big data project will be ensuring that costs are kept under control – something that is not always easy to do when firms are collecting and storing huge amounts of information.

Therefore, in order to tackle this issue, IBM has revealed it is working on a new method for automatically classifying information in order to ensure the most relevant data is always on hand.

Known as 'cognitive storage', the solution involves putting value to incoming data, determining what data should reside on which type of media, what levels of data protection should apply and what policies should be set for the retention and lifecycle of different classes of data, … Read more

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How big data is helping transform the logistics industry

30

Mar
2016
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Image credit: iStockphoto/Maxiphoto

By some estimates, e-commerce now makes up more than half of all retail sales, indicating that it's clearly something no business can afford to be without if it wants to be successful.

But despite the huge range of innovations that have helped improve the sector over recent years, the final part of the process – the process of physically getting goods from a business into the hands of the consumer – has remained largely unchanged. Although offerings like click-and-collect give consumers more choice, for many people, it's still a matter of sitting around waiting for a courier to show up.

And for the logistics industry itself, it's this part of the process – the so-called 'last mile' between local distribution … Read more

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Streaming analytics to be key big data priority for 2016

25

Mar
2016
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Hadoop and Spark 'key big data platforms' in the UK

Improved streaming analytics capabilities, self-service solutions and advanced in-memory tools will be among the key big data analytics technologies businesses will be investigating throughout 2016, a new report has found.

A study by Forrester Research, which notes the development of big data technology is reaching a new stage this year, as organisations aim to embed the solutions into the applications that power their operations.

InformationWeek reports that the main priorities for 2016 indicate a change in businesses' attitudes and approach to big data. In previous years, companies were still struggling to get to grips with the technology and how they could extend their existing solutions to incorporate big data.

Now, however, there is a much higher level of confidence in … Read more

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Converged approaches to data ‘among key big data trends’ for 2016

22

Mar
2016
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Image credit: iStockphoto/cifotart

A move away from centralised data storage approaches, converged analytics platforms and a greater focus on value and quality will be among the key trends facing the big data industry in 2016.

This is according to co-founder and chief executive of MapR John Schroeder, who wrote in an article for IT Pro Portal that as big data analytics has moved beyond a buzzword to become an essential part of many organisations' strategy, it is transforming the enterprise computing environment.

However, this is an area that's constantly evolving. "With many new innovative technologies on the horizon, not to mention a particularly noisy marketplace, differentiating between what is hype and what is just around the corner can be challenging," Mr Schroeder noted.… Read more

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4 in 10 businesses to adopt IoT solutions this year

17

Mar
2016
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The number of companies adopting Internet of Things (IoT) technology is set to see significant growth in the coming years, which is likely to place additional pressure on businesses to develop solutions to make the best use of the data they gather.

IoT is a technology that often goes hand in hand with big data analytics, due to the large volume and variety of real-time information they are capable of collecting. And for a growing number of organisations, the tools are set to have a pivotal role in how they operate.

Research from Gartner revealed that less than a third of companies (29 per cent) are currently using IoT. However, it also found that an additional 14 per cent … Read more

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Hadoop and Spark ‘key big data platforms’ in the UK

14

Mar
2016
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Hadoop and Spark 'key big data platforms' in the UK

Hadoop continues to lead the way as the preferred big data analytics platform for organisations in the UK, but Spark in starting to make inroads into its dominance.

This is according to recent research by Computing magazine, which found almost six out of ten respondents (59 per cent) believed their company will be using Hadoop as its primary analytical tool in 18 months' time.

This compares to 17 per cent who named Spark as the way forward for their business, while Kinesis (seven per cent), Storm (four per cent) and Flink (two per cent) received lower levels of interest. One in four IT professionals stated their business would be using another solution for big data processing.

However, the research found … Read more

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Insurance sector ‘to increase focus’ on big data

10

Mar
2016
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Image credit: iStockphoto/shulz

Insurance providers in the UK are expected to rely more heavily on big data analytics solutions this year in order to provide more personalised offers to customers.

Research conducted by Teradata revealed that more than four-fifths of companies with turnover of over £500 million (82 per cent) will be prioritising this technology in 2016. Meanwhile, smaller firms are still lagging behind in this area, with just 46 per cent of providers with under $500 million in turnover agreeing with this.

Despite the growing interest, there is still work to be done in some areas order for the UK insurance sector to catch up with those in other countries. It was noted that on average, 76 per cent of large firms … Read more

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Big data ‘to add £322bn’ to UK economy by 2020

07

Mar
2016
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Big data 'to add £322bn' to UK economy by 2020

The value of big data analytics and Internet of Things (IoT) technology has been highlighted by a new report that forecast the solutions will add £322 billion to the UK's economy alone over the rest of the decade.

The paper is entitled 'The value of big data and the Internet of Things to the UK economy' and was published by the Centre for Economic and Business Research (Cebr) and SAS. It noted the figure is twice the size of the combined budget for education, healthcare and defence for 2014-15 and more than one-fifth of the UK's net public debt for that financial year.

Big data alone is expected to contribute an average of £40 billion a year to the UK … Read more

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Joe Biden: Big data could assist cancer research

29

Feb
2016
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Joe Biden: Big data could assist cancer research

Big data is making a huge difference to a number of companies and industries, allowing professionals to handle data more effectively than ever before and gather fascinating new insights. 

As the number of devices capable of connecting online increases, it is vital that companies find ways of interpreting data that can help to improve their products and services. Sectors such as marketing, retail and insurance have already reaped the benefits of big data. 

However, one area that is perhaps understated is how the technology could help to improve research into diseases, particularly cancer. Vice-president of the US Joe Biden recently met up with healthcare specialists in Utah and explained how a better approach for sharing information will be necessary in … Read more

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Big data allows qualitative factors in investment management to be quantified

29

Feb
2016
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Big data allows qualitative factors in investment management to be quantified

The potential uses for big data are infinite it seems and this goes for the investment management industry as much as any other area. A new report shows that factors that were traditionally considered qualitative can now be quantified through this very handy new area of expertise.

Big Data & Investment Management: The Potential To Quantify Traditionally Qualitative Factors, which has been produced by Citi Business Advisory Services does what it says on the tin. Potential is the most important word here, as so far investment managers have not embraced big data wholeheartedly, but that could all be about to change.

It is something that every investment manager in the land should be clambering to address, as it could give … Read more

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