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Machine learning a key focus for big data initiatives

12

Jul
2016
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A large number of companies will look to introduce machine learning capabilities as part of their efforts to exploit big data in the coming years, a new survey has found.

Research by Evans Data found more than a third of big data developers (36 per cent) now use some elements of machine learning in their projects. While the market for this is still largely fragmented, the financial and manufacturing sectors are showing particular interest in the technology, as are businesses looking to take advantage of Internet of Things opportunities.

Janel Garvin, chief executive of Evans Data, explained that machine learning encompasses a range of techniques that are rapidly being adopted by big data developers, who are in an excellent position … Read more

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Most firms set to boost investment in real-time analytics

04

Jul
2016
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The vast majority of companies in the retail, technology, banking, healthcare and life sciences sectors will be investing in real-time analytics tools for studying human and machine-generated data.

According to research conducted by OpsClarity, 92 per cent of these organisations expect to increase their focus on streaming data applications within the next 12 months.

To do this, almost four-fifths of respondents (79 per cent) will be reducing investment in batch processing tools, or even eliminating these entirely, as they shift their resources to real-time analytics.

Dhruv Jain, chief executive and co-founder of OpsClarity, stated that the ability to study data in real-time can give businesses a significant competitive advantage in today's digital economy, allowing them to become more agile … Read more

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How big data supports 2016’s summer of sport

30

Jun
2016
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There are now countless examples of how big data can help companies across all industries improve decision-making, boost customer service and give employees a better insight into the wider industry. But the technology is far more wide-ranging than many people realise.

In fact, big data will have a key role to play in several of this summer's biggest sporting events. 2016 is a big year for international sports, with Euro 2016 and the Copa America Centenario taking place on either side of the Atlantic, before the Rio Olympics gets underway in August.

But many of this summer's events will be heavily reliant on big data, both to help team and competitors improve their performance, and keep fans up-to-date on what's … Read more

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Younger workers most optimistic about big data

28

Jun
2016
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Companies remain highly optimistic that big data analytics solutions will have a transformative effect on the way they do businesses, but younger employees are far more confident than their older counterparts, a new survey has found.

IDG's 2016 Data and Analytics Survey found that more than half of businesses (53 per cent) plan to implement big data initiatives within the next 12 months, are are already undergoing such as process.  

Overall, 78 per cent of employees agree or strongly agree that the collection and analysis of big data has the potential to fundamentally change the way their company does business in the next one to three years. Meanwhile, 71 per cent agree or strongly agree that big data will … Read more

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IoT and cloud ‘the future of Hadoop’

24

Jun
2016
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Iot, cloud storage, hadoop, big data

The creator of Hadoop, Doug Cutting, has said that cloud computing and Internet of Things (IoT) applications will be the basis for the next phase of growth for the platform.

So far, most deployments of the big data analytics tool have been in large organisations in sectors such as finance, telecommunications and internet sectors, but this is changing as more use cases emerge for the technology.

Much of this is down to the growing use of digitally-connected sensors in almost all industries, which are generating huge amounts of data that businesses will need to quickly interpret if they are to make the most of the information available to them.

Mr Cutting highlighted several major companies that have already adopted HAdoopRead more

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How big data helps the hospitality sector

22

Jun
2016
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big data hospitality sector

The hospitality sector is a highly competitive part of the economy, with hotels in particular always under pressure to deliver the highest-quality experiences at the lowest cost possible. 

A key challenge for this industry is that in the age of constant connectivity, customers have higher expectations than ever before and will demand a personalised experience. If they do not get this, they will often not have to go far to find a competitor who will meet their needs.

Fortunately, there are steps hotels can take to deliver this service. Anil Kaul, chief executive of Absolutdata Analytics, wrote in a recent piece for Dataquest that big data analytics is a natural partner for the travel and hotel sector, due to the … Read more

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Salaries on the rise for big data professionals

22

Jun
2016
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Big data skills are in demand  Image: iStockphoto/cifotart

IT professionals specialising in big data are benefiting from growth in pay as employers show more demand for their skills, research has revealed.

In its latest Tech Cities Job Watch report, IT resourcing firm Experis revealed that average salaries for people with big data expertise have risen by almost eight per cent in a year.

That's nearly three per cent higher than the Bank of England's projected three per cent pay increase for the whole of Britain.

Experis' research is based on over 60,500 jobs advertised across five key tech disciplines: big data, cloud, IT security, mobile and web development.

The latest figures showed 5,148 big data jobs available in the first quarter of 2016, 87 per cent of which … Read more

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Manufacturers ‘failing to invest in IoT’

17

Jun
2016
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The Internet of Things is set to grow in significance for businesses  Image: iStock/Hin255

The Internet of Things (IoT) is one field where many UK manufacturers could be investing more, research has suggested.

Business software provider SAP conducted a survey of 100 senior executives in the manufacturing sector, around a fifth (19 per cent) of whom expected no investment in IoT technologies this year.

As a proportion of overall IT spend, average anticipated investment in these innovations was only eight per cent.

This low level of financial backing for IoT tech and platforms is not the result of a lack of confidence in this burgeoning field, with just over half (51 per cent) of the respondents to the SAP survey saying it could help them cut costs.

Nearly four out of ten manufacturing executives … Read more

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Executive involvement ‘boosts big data profitability’

09

Jun
2016
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boosts big data profitablity

Companies that ensure business units play a key role in the development of big data analytics solutions are more than twice as likely to be profitable as those managed solely by the IT department.

This is according to new research by Capgemini and Informatica, which found that currently, less than a third of big data initiatives (27 per cent) are profitable. A further 45 per cent are breaking even, while 12 per cent are said to be losing money.

The study noted the majority of organisations therefore still have significant work to do in order to see a return on investment, those that have strong support from the C-suite are in a much better position.

Almost half of organisations (49 … Read more

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Security issues hindering big data adoption, survey warns

06

Jun
2016
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security issues big data analytic adoption

The lack of a clear strategy for securing businesses' most sensitive information could be one of the major barriers that prevent companies from fully exploiting big data analytics, a new survey has warned.

Research conducted by Dataguise revealed that almost three-quarters of enterprises (73 per cent) report that their big data initiatives have been delayed or even abandoned altogether as a result of security concerns.

Even when companies have put in place multiple layers of defences, there is still a lack of confidence that data will be safe. Less than half of respondents (47 per cent) had faith in their security solutions.

One common issue is that too many people will have access to data. While four out of five … Read more

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