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Software to dominate as big data market grows to $72 billion

12

Sep
2016
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This year is set to see the big data analytics market grow into a sector that it is worth $46 billion (£34.6 billion) in revenues, as the technology continues to become commonplace throughout all businesses.

According to predictions from SNS Research, the rise is set to continue for the coming years, with business spending forecast to reach $72 billion by the end of 2020, as firms invest in big data hardware, professional services and software.

The company has predicted that the compound annual growth rate (CAGR) will be around 12 per cent over the next four years. More than $7 billion is expected to move from hardware dominated to software dominated goods by the end of this decade.

This suggests … Read more

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Stanford offers guidance on big data ethics for education sector

07

Sep
2016
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Stanford University has launched a new resource that aims to offer guidance and set out best practices for the responsible use of big data in the higher education sector.

The project saw researchers from the university and Ithaka S+R, a nonprofit education consulting firm, bring together 70 experts from academia, government, nonprofits and the commercial education technology industry to debate some of the biggest issues surrounding the use of data in education, and how these could be tackled.

The result is a new website, Responsible Use of Student Data in Higher Education, which launched on September 6th and aims to clarify the often unclear rules surrounding what can and cannot be done with this technology.

Martin Kurzweil, director of the … Read more

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US organizations ‘insufficiently prepared for IoT security risks’

01

Sep
2016
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US organizations are ramping up their investment in Internet of Things (IoT)-enabled devices at the moment – but do not always seem to be taking the security precautions necessary to defend against the advanced range of threats the technology can bring about.

This is according to a new report from security solutions provider Tripwire, which surveyed more than 220 information security professionals attending the 2016 Black Hat USA conference, finding that many companies may not have adequately prepared themselves for the new technology paradigm that the IoT represents.

When asked whether their organizations had prepared for the security risks associated with IoT devices, only 30 per cent responded in the affirmative, with 37 per cent saying they had not but … Read more

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CSA unveils big data security best practice guidelines

31

Aug
2016
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The Cloud Security Alliance (CSA) has unveiled 100 best practices for cloud users to take note of when gathering and handling big data in a bid to improve cyber security on a global scale.

It has split its recommendations into ten categories, with ten key points to follow in each one. The first of these centres around the importance of securing computation in distributed programming frameworks to prevent information leaks and to improve compliance, while the second focuses on improving the general security of non-relational data stores.

Thirdly, the CSA wants to see organisations improving the way that they store and log big data, as without adequate encryption methods, data is placed at significant risk of a breach.

Improving endpoint … Read more

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US govt turns to big data to fight security breaches

30

Aug
2016
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A significant majority of federal US government agencies have adopted big data analytics tools in order to improve their cyber security capabilities, a new report has found.

The 'Navigating the Cybersecurity Equation' study, conducted by MeriTalk on behalf of Cloudera, revealed more than four-fifths of organisations (81 per cent) are using this technology in some form. Some 53 per cent of agencies reported big data has a role to play in their overall cyber security strategy, while 28 per cent stated they were using it in a more limited capacity.

However, many federal agencies are still struggling to keep up with the threats posed by hackers and other cyber criminals. Nearly six out of ten respondents (59 per cent) reported … Read more

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Lack of skills holding back adoption of big data

25

Aug
2016
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Key technology projects such as big data analytics, Internet of Things (IoT) deployments and artificial intelligence (AI) are being held back because businesses lack the skills to properly implement them.

This is the finding of a new report by Capita and Cisco, which revealed that while there is widespread awareness of the importance of these solutions, there is a strong disconnect between this and the actual implementation of solutions.

For example, nine out of ten respondents (90 per cent) agreed that big data analytics is relevant to their business. However, just 39 per cent stated they were currently utilising this technology.

One reason for this is that nearly two-thirds of businesses (64 per cent) did not have the skills to … Read more

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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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