Start-up ecosystems thrive in the UAE with a boom in Big Data

A company or a business traditionally starts from scratch. From planning to finance to management and execution, start-up ecosystems have faced challenges to establish themselves. Today, the business world is productive, a lot more supportive, and believes in two-way progression. Tech influencers and game-changers across the world are setting the trend of helping entrepreneurial ecosystems thrive. Microsoft supports the fields of tech and business to flourish in the emerging new area of Big Data at Hub71.

The world lives and runs on technology, it exists and procreates over technology. Technology on the other hand is full of Big Data. This data has now become “the new oil” for start-up ecosystems. Recent Global Data research cites the examples of 3.5 billion Google searches and 1.3 billion internet-of-things connections per day, and 254 Exabytes (one Exabyte is a billion gigabytes) of mobile broadband data traffic per year. Big data is a combination of structured, semi-structured, and unstructured data collected by organizations that can be mined for information and used in machine learning projects, predictive modeling, and other advanced analytics applications.

The digital data explosion began in 2010 and has advanced remarkably. Statistics predict it is increasing even more up to 26% by 2022. Big data technologies help companies store large volumes of data while enabling significant cost benefits. Such technologies include cloud-based analytics and Hadoop. They help businesses analyze information and improve decision-making. Furthermore, data breaches pose the need for enhanced security, which technology applications can solve.

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