Big Data is increasingly growing in scope in India, affecting the way industries function as well as boosting economies in its wake. Regardless of the size of an organisation, Big Data helps to make better organisational decisions and thereby brings order to the proceedings, making the world a more habitable place in its turn. Especially the transformations happened in Finance and Insurance Industry is tremendous.
At some point in the past, this was not the reality. Data was not always this “Big”. Only large-scale corporations had access to data then because only they could afford the technology that could process this data. In any case, their requirement was for a data analytics system that could take care of massive amounts of data, so they had hardly any choice in the matter.
Since that time, data has evolved at a terribly fast rate, allowing even smaller organisations to make use of the data they gather – all thanks to the internet and cloud technology. With big data cloud solutions, since they offer remote access to data using just the internet, there no longer remains any need for elaborate setups or data experts (who are not easy to acquire), thus saving these small organisations a fortune in internal spending.
The nuances that come with Big Data can now be handled just as easily by organisations that are intent on leveraging the value that it can bring. Moving beyond a simple IT Trend – as these things come and go, but mostly go, without being sustainable for development – Big Data has forged itself into the veins of the tech world, becoming one of its most prized assets.
And even as we write this, we are aware that Big Data is not one monolithic thing. It grows and changes to meet the demands of the various industries that it is a part of, seeking to solve its problems.
Table of Contents
- List of Exciting New Trends in Big Data
- 1. Quickly Growing IoT Networks
- 2. More Approachable Artificial Intelligence
- 3. The Rise of Predictive Analytics
- 4. Cloud Migration of Dark Data
- 5. The Rise of Chief Data Officers
- 6. Quantum Computing
- 7. Smarter and Tighter Cybersecurity
- 8. Open Source Data
- 9. Edge Computing
- 10. Chatbots
- Conclusionv
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