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Big data ‘still seen as IT-dominated projects’

27

Oct
2016
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The majority of chief information officers (CIOs) still view big data analytics as primarily IT-based projects, although there is a growing recognition of the impact it can have on business departments.

This is among the findings of a new survey conducted by recruitment firm Robert Half in Australia, which revealed that 54 per cent of CIOs surveyed say the technology's main impact comes in the IT department.

However, nearly one in five professionals (18 per cent) believe that the technology has more impact on their operations departments, while 16 per cent see key benefits being felt by their finance teams. 

This indicates there is growing awareness of big data analytics' potential to transform operations throughout all parts of a … Read more

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Effective use of big data algorithms ‘vital’ for retailers

27

Oct
2016
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It is essential that retailers are able to create effective algorithms to make the most of the large quantities of data they possess if they are to ensure competitive advantage.

This is according to Gartner, which said that this can help them cut costs and improve their top-line revenue in a digital economy where there is a huge volume of information available for analysis.

Speaking at the Gartner Symposium/ITxpo in Australia, principal research analyst at the firm Kelsie Marian said there are several examples where retailers who have acted aggressively to implement such solutions have seen strong results.

She noted this sector is particularly well-placed to take advantage of the technology, as it is traditionally a major hoarder of data, … Read more

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Big data ‘set to lower healthcare costs’

24

Oct
2016
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The implementation of advanced big data analytics solutions in the healthcare sector could help significantly lower costs in the marketplace by changing the way treatments are developed, prepared and delivered.

This is according to a new study by Lux Research, which noted that soaring costs are a problem that is continuing to plague the industry, as previous efforts to address this have had little impact.

In the US, for example, it stated the introduction of the Affordable Care Act has had limited success in tackling the problem, while in the UK, it has been reported that the government is unlikely to direct additional funding towards the NHS in the upcoming Autumn Statement, despite political pressures to create a full seven-day … Read more

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Finance and manufacturing lead the way for big data investments

14

Oct
2016
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Businesses in the finance and manufacturing sectors will be among the biggest users of big data analytics solutions in the coming years as they strive to make the most of the huge amounts of information their activities generate.

This is according to new research by International Data Corporation (IDC), which found that banking, professional services, discrete manufacturing, process manufacturing and central government will account for almost half of global big data investments in 2016. They will remain the top five sectors for the technology until at least 2020.

Of these, banking will be the largest sector, both in terms of overall revenue and the fastest growth in spending. In 2016, this sector is expected to invest around $17 billion (£13.82 … Read more

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SQL ON HADOOP BENCHMARKING

12

Oct
2016
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kognitio benchmark tests

At the recent Strata conference in New York we received a lot of interest in the informal benchmarking we have been carrying out that compares Kognitio on Hadoop to some other SQL on Hadoop technologies. We have decided to formalise the benchmarking process by producing a paper detailing our testing and results. In the meantime, we will be releasing intermediate results in this blog. Preliminary results show Kognitio comes out top on SQL support and single query performance is significantly faster than Impala. Read on for more details.

It is clear from recent conversations that many organisations have issues using the tools in the standard Hadoop distributions to support enterprise level SQL on data in Hadoop. This is caused by

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Pushing past pilot stage ‘key challenge’ for big data projects

11

Oct
2016
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Many companies that are embarking on big data analytics projects will find themselves struggling to move beyond the pilot stage and roll out their initiatives on a wider scale, a new survey has found.

Research by Gartner identified this as one of the key challenges facing businesses when they undertake big data projects. It revealed that although nearly three-quarters of organisations are planning to invest in this technology or have already done so, just 15 per cent say they have deployed their big data projects at full production scale.

This is almost unchanged from when the same question was asked last year, when 14 per cent of firms stated they had achieved this.

Nick Heudecker, research director at Gartner, suggested … Read more

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Logistics sector sees high demand for big data

30

Sep
2016
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Demand for big data analytics solutions in the logistics and supply chain sector is growing rapidly, with almost all firms now recognising the need for these solutions.

This is according to a new study conducted by Capgemini Consulting, Penn State University and Penske Logistics, which revealed 98 per cent of third-party logistics companies (98 per cent) agreed that data-driven decision-making will be essential to the future success of supply chain processes. This view was shared by 93 per cent of shippers.

Both of these groups also stated that being able to use big data analytics effectively will become a core competency for their supply chain organisations in the coming years. Some 81 per cent of shipping firms and 86 per … Read more

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IoT projects moving beyond pilot stage, study finds

28

Sep
2016
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More businesses are moving beyond small-scale pilot schemes when it comes to the Internet of Things (IoT), towards full-scale deployments that incorporate big data analytics, cloud computing and security capabilities.

This is according to new research from International Data Corporation (IDC), which revealed that almost a third of firms (31.4 per cent) have already launched solutions that take advantage of this technology, while a further 43 per cent expect to deploy these tools in the next 12 months.

More than half of respondents (55 per cent) also agreed that the technology will be an essential strategic solution that helps their business to compete more effectively. Key benefits of IoT solutions include better productivity, lower costs and the automation of internal … Read more

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Customers ‘unaware’ of how firms use their data

28

Sep
2016
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The vast majority of customers have no idea how businesses are using the personal data they possess, while many also do not trust companies to be responsible in their use of this information.

This is according to new research from the Chartered Institute of Marketing (CIM), which revealed nine of of ten customers are in the dark about how their personal data is used. Meanwhile, 57 per cent did not trust companies to take good care of their data, while 51 per cent complained they had been contacted by organisations that misuse their data.

For many businesses, gathering more detailed and personal information on their customers is a vital part of their big data analytics strategy, as it allows them … Read more

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FCA approves use of big data for insurers

23

Sep
2016
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The UK's Financial Conduct Authority (FCA) has signalled its approval of the use of big data in the insurance industry, after it revealed it was dropping plans to launch a full inquiry into the use of the technology in the industry.

The regulator announced a review into the sector last year, stating it was aiming to better understand how the use of big data analytics in areas such as calculating premiums impacted consumers, before deciding on the next steps.

It has now stated that in light of the "broadly positive consumer outcomes" that big data can deliver to the sector, it will not be proceeding with a full market study at the present time, which effectively gives the green light … Read more

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