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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 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

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May
2016
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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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How big data is transforming compliance

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May
2016
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big data transforming compliance

For companies in many sensitive industries, managing their data in order to meet strict compliance rules can be a major headache. Often, regulators demand they keep large numbers of records on hand, which may be very hard to effectively comb through when needed.

It was noted by the Wall Street Journal that compliance applications vary widely, but often start with the company needing to identify what useful data it has available and then organising it into a useful format.

This is something that has proven difficult in the past, but the advent of big data analytics tools are changing this.

For instance, Lionel Wertz, director of corporate services at nuclear reactor company NuScale Power noted that until recently, his firm … Read more

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Insurers ‘missing out’ on big data advantages

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May
2016
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insurers missing out on big data advantages

Many companies in the life and property/casualty (P&C) insurance sectors are failing to take full advantage of the potential of advanced big data analytics solutions, according to a new report.

Research conducted by Bain and Company revealed that despite some early successes, much of the industry has yet to scratch the surface of what big data technology is capable of. It found one in three life insurance providers and one in five P&C insurers do not apply big data tools to any business functions.

These businesses will therefore lack critical customer insight that can be used to gain a competitive advantage.

Many insurance firms are aware of this issue and have plans in place to increase their spending on big … Read more

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7 Social Media Platforms To Build Brand Image For Businesses

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May
2016
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Few years ago, small businesses were in dilemma and had doubts whether social media was worth investing into. But now, it is no longer a question or issue on whether you need to be using social media. Rather, you have to think about the ways on using it effectively and efficiently in order to drive the business forward. A recent statistic was published by iDigic, Social media services for business – a Factosocial 101 infographic. It provides a clear description on how the various social media sites influence the brand value and business of a firm. Sometimes small businesses might feel that social media presence is a kind of luxury rather than some kind of necessity. Social media can be … Read more

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White House warns on big data risks

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May
2016
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White House warns about big data risks

A new report on the big data analytics sector from the White House has warned businesses that they must consider the ethical implications of their deployments and ensure that they are not discriminating against any individuals through their use of data.

The study, titled "Big Data: A Report on Algorithmic Systems, Opportunity, and Civil Rights" noted that if used correctly, big data can be an invaluable tool in overcoming longstanding biases and revisiting traditional assumptions.

For instance, by stripping out information such as race, national origin, religion, sexual and gender orientation, and disability, big data solutions have the potential to prevent discriminatory harm when it comes to activities such as offering employment, access to finance or admission to universities. However, … Read more

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Enterprises set to boost investment in big data infrastructure

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Apr
2016
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Enterprises set to boost investment in big data infrastructure

Businesses around the world are set to hugely increase their investments in hardware and networking solutions to support big data analytics operations in the coming years, as there is a growing recognition that more robust solutions will be required in order to cope with the huge influx of data.

Research by Technavio predicts that between 2015 and 2020, global spending on servers, storage and networking equipment to support big data activities is set to increase at a compound annual growth rate (CAGR) of 33 per cent, reaching $26.95 billion (£18.48 billion) by the end of the forecast period.

The biggest sub-sector within this market will be for storage tools, which is set to grow from $3.99 billion in 2015 to … Read more

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What happened to the ‘data gravity’ concept?

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Apr
2016
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A few years ago, one of the emerging thoughts in the data storage sector was the idea of 'data gravity' – the concept that the information a business generates has mass that affects the services and applications around it. The more data firms create, the more 'pull' it has on surrounding parts of the organisation.

The term was coined back in 2010 by Dave McCrory. In his original post, he spelled out how as data volumes grow, the effect they have on other parts of the IT environment becomes more pronounced – in much the same way that a larger planet or star exerts a greater gravitational pull than a smaller one.

Back then, when big data was still … Read more

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