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IoT and cloud ‘the future of Hadoop’

24

Jun
2016
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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’

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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

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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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Big data to help drive mobile app market past $100 billion

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May
2016
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big data helping mobile app market

The global market for mobile apps is set to reach the $100 billion mark by 2020 as more developers seek ways of monetising their products – but this will only be possible with the help of effective big data analytics.

Prabhjot Singh, co-founder and president of business intelligence service Pyze, told TechCrunch that even though there are millions of entrepreneurs around the world building apps and offering them to the public via Apple's App Store and Android's Google Play, very few of these are financially successful.

Although the world's leading apps can rake in upwards of a million dollars a day, the vast majority have difficulty generating any revenue, with less than 50 per cent of developers making more than … Read more

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Big data spending ‘to reach $187bn’ by 2019

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May
2016
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Global spending in big data analytics technologies, including hardware, software and services, is set to grow by more than 50 per cent between 2015 and 2019, with investments increasing from $122 million to $187 million over the forecast period.

This is according to research from International Data Corporation (IDC), which noted that the key driver of this will be services-related opportunities, with IT services generating more than three times the annual revenues of business services. 

Meanwhile, software will be the second largest category, generating more than $55 billion in revenues in 2019. Hardware spending is expected to grow to nearly $28 billion in 2019.

Jessica Goepfert, Program Director, Customer Insights and Analysis, at IDC, said: "There is little question that … Read more

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Many firms still lacking big data strategy

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May
2016
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big data strategy

Big data continues to be high on the agenda for many businesses, but despite the growing recognition of its importance, a large number of firms still do not have an effective plan in place for making the most of the technology.

This is among the key findings of a new survey conducted by DNV GL – Business Assurance and GFK Eurisko, which polled nearly 1,200 professionals from across Europe, Asia and the Americas. It revealed that many expect big data to play a significant role in future operations, but here is still a long way to go for many enterprises before this can be achieved.

More than three-quarters of respondents (76 per cent) predicted that investments in big data technology … Read more

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Telcos turning to Hadoop to help counter fraud

23

May
2016
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Telcos, Hadoop, counter fraud, big data

Many businesses in the telecommunications sector are turning to Hadoop-based big data analytics solutions in order to tackle fraud, a new survey has found.

Research by Cloudera and Argyle Data noted that fraudulent activities are one of the biggest challenges for the industry, with telcos in the US alone losing around $38 billion a year in revenue to this.

Therefore, any technologies that these enterprises can put in place to help identify suspicious activity and put a stop to it before it becomes a major issue will be hugely valuable, and increasingly, Hadoop is seen as the answer.

Nine out of ten telcos (90 per cent) attending a recent webinar organised by Cloudera and Argyle Data stated they intend to … Read more

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