Good use of big data analytics will be one of the key trends that helpsRead More
Hadoop solutions ‘to see strong growth’
The rising demand for big data analytics has been identified as one of the key factors that will drive growth in the Hadoop market over the next few years.
This is according to a new report from Research and Markets, which noted one of the key trends in the sector is the impact of cloud computing and the emergence of the Hadoop-as-a-Service (HDaaS) model.
It was stated that between 2012 and 2016, the global market for Hadoop tools will increase at a compound annual growth rate of 56.63 percent, with the need to effectively analyze large data sets one of the key reasons behind this.
However, this fast growth will pose new problems for many businesses. With so many companies looking to take advantage of the capabilities offered by Hadoop, there will be huge competition to attract the best talent, as there will not be enough trained professionals to meet demand.
Therefore, it is vital that businesses recognize that putting in place technical solutions alone will not be enough to get the most out of their digital assets, unless they have the right human element backing this up to manage the solution and make sure it is working in the right way.
Commenting on the report, an analyst from TechNavio's Enterprise Computing team said what it shows is that businesses now understand the importance of good data analytics solutions, but installing systems and hiring the best professionals to deploy them on-site can often be a costly exercise.
“As a result, organizations and decision makers are adopting Hadoop-as-a-service solutions which provide cost-effective big data management and analytics,” he said, adding: “HDaaS solutions offer the necessary hardware, software and services required to support big data management at low subscription fees.”
It was also recently noted by attendees of GigaOM's Structure:Data conference that more work needs to be done by many firms to make the most of Hadoop technology for managing their ever-increasing amounts of data.