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IoT ‘to change focus’ of big data plans

19

Aug
2016
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IoT 'to change focus' of big data plans

The emergence of the Internet of Things (IoT) as a key technology for many businesses will lead to a significant change in how organisations approach their big data analytics operations.

This is according to a new report from Machina Research, which stated there will be an increasing focus on predictive and prescriptive analytics in order to assist with business decision-making as firms try to make the most of the available data.

The company said that as millions of connected devices come online and provide real-time details about what is going on in the physical world, businesses will look to shift the goals of their analytics activities from examining what has happened to asking what is likely to happen.

Although more … Read more

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Many firms still struggling to secure cloud-based data

09

Aug
2016
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For many businesses, cloud computing presents a great opportunity to make the most of big data, as the technology allows them to access storage and processing resources that may otherwise be beyond their reach.

But if they are going down this route, they must take steps to ensure any sensitive data they transfer to the cloud is secure – and this is something that is proving to be a challenge for a large number of firms.

A recent study conducted by Gemalto and the Ponemon Institute found that although 73 per cent of enterprises currently regard cloud-based platforms as important to their current operations, fewer than half of IT security professionals are confident in the security of their solutions.

Some … Read more

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How big data could transform the roads of the future

08

Aug
2016
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How big data could transform the roads of the future (iStock/IakovKalinin)

While big data is fast becoming an integral tool in the business world, its potential impact is far more wide-reaching and has the capacity to impact the day-to-day life of people all over the world. 

For example, big data is playing a key role in the development of so-called smart cities, where almost every aspect of life, from waste disposal to law enforcement, will be managed by integrated technology solutions that are dependent on big data to function. 

Key to the development of true smart cities will be the evolution of more efficient transport systems, which make getting from A to B quicker and easier. Big data will be vital to making this future a reality and great strides have … Read more

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4 in 10 manufacturing firms experimenting with big data architecture

04

Aug
2016
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4 in 10 manufacturing firms experimenting with big data architecture (iStockphoto/shulz)

Just under half of businesses in the high-value manufacturing sector are currently experimenting with big data architecture.

This is according to a new study carried out by the Alan Turing Institute and Warwick Analytics, the results of which have been shared with The Manufacturer. It found that 41 per cent of businesses in the sector are currently at the experimentation stage with big data architecture, looking into how they can utilise this technology and the value it can provide. However, adoption is expected to accelerate in the near future, with the number of businesses still experimenting forecast to be only 11 per cent come 2019.

The study revealed there is a lack of clarity about some aspects of big data … Read more

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Big data tech makes inroads into UK public sector

03

Aug
2016
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Big data tech makes inroads into UK public sector (iStockphoto/blackdovfx)

Big data technology is beginning to make a mark within the UK public sector.

Both HM Revenue and Customs (HMRC) and the Home Office are now using Hadoop to help manage their data needs, according to a report from Computer Weekly. Both organisations are using commercial distributors of the software, with HMRC utilising Cloudera and the Home Office working with Hortonworks.

The former spent some £7.4 billion on Cloudera at the beginning of last year before investing almost another £1 million earlier in 2016.

A HMRC spokesperson told Computer Weekly: "HMRC has built an enterprise data hub – a powerful central repository for all of its data, which will help it to personalise services to customers and strengthen its compliance … Read more

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How can you keep your data lake as clean as possible?

27

Jul
2016
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One of the key trends in big data analytics for the last couple of years has been the concept of the 'data lake'. The idea behind this is to place all a business' incoming data in a single location, from which it can be studied at will.

But while this may seem like a simple idea in principle, the reality may often be far different. If organisations are not careful with how they manage this, it can quickly become clogged with poor-quality information, irrelevant details and inaccuracies, which could see a firm's data lake ending up looking more like a swamp.

So how can this be avoided? In a new report, Constellation Research explained that many businesses fail to … Read more

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How are retailers making the most of big data?

26

Jul
2016
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One part of the economy that's been particularly quick to embrace the potential of big data is the retail sector. Given the large amounts of customer information these firms collect as a matter of course, being able to feed this into an advanced analytics platform in order to gain insight is a natural fit.

Therefore, forward thinking retailers were some of the first adopters of big data analytics technology, and have developed their innovations into mature solutions that can give them a leg-up over competitors. But what does this look like in the real world?

Datanami recently highlighted several key use cases for big data that retailers are employing. While some are straightforward, there are also some more complex solutions … Read more

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How the aviation sector is embracing big data

22

Jul
2016
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The aviation sector has always been a leader when it comes to technology, so it should be no surprise that the industry has been quick to embrace the potential of big data.

In many ways, it's no surprise that there are many opportunities for data to have an impact. With millions of people taking to the skies every day, this gives airlines a huge pool of resources they can use to improve services and determine trends. 

Meanwhile, the advent of Internet of Things sensors offers airlines greater ability to conduct activities such as predictive maintenance, as well as giving manufacturers more insight into what is happening on the factory floor.

Among the companies looking to take advantage of this is … Read more

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Insurance sector ‘must be careful’ in how it uses big data

21

Jul
2016
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The increased use of big data in the insurance sector to conduct more personalised risk analysis and tailor quotes accordingly could lead to the create of a new 'underclass' of consumers who struggle to secure coverage unless the industry treats the technology with care.

This is the warning of a new report from the Chartered Institute of Insurance (CII), which said the use of the technology could result in some people being refused insurance altogether if they are deemed to be too risky.

The Financial Times reports that big data analytics is increasingly being viewed as a key part of the future of insurance due to its ability to give providers a more complete picture of their customers, thereby leading … Read more

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How can you ensure the quality of IoT data?

14

Jul
2016
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How can you ensure the quality of IoT data? Image credit: iStockphoto/cifotart

One of the biggest trends affecting the analytics sector at the moment is the emergence of the Internet of Things (IoT) as a key source of data.

Over the next few years, the number of IoT devices is set to explode. By the end of 2020, Juniper Research forecasts there will be some 38 billion such items in use, a threefold increase since 2015.

But while this will present huge new opportunities for businesses to apply big data analytics to the information generated in order to gain valuable insight, it does pose a range of risk as well.

Although questions such as privacy are well documented, one issue that is frequently overlooked is the quality of the data itself. Businesses … Read more

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