istock000058791136large

Democratize big data by using distributed data lakes

Democratize big data by using distributed data lakes

A democratization of the big data and analytics process can't come soon enough for many organizations.

This point was made clear during a talk last week with Michele Goetz, principal analyst for Forrester, and Ben Szekely, vice president and founding engineer for solutions and pre-sales at Cambridge Semantics, a provider of big data analytics tools for end users.

Goetz shared this Forrester survey research: 67% of companies can't access big data, 59% can't integrate it, and 56% say that the update process for big data is very slow. This isn't good news for businesses that have spent several years investing into big data, and that are undoubtedly expecting more aggressive returns on their big data investments. Meanwhile, Forrester projects that on a worldwide basis, the amount of data under management will soar from 4.4 zettabytes to 44 zettabytes.

"There is a need to introduce intelligence into the process of interpreting all of this data so the consumers of this data can be empowered to use it through self-service data access," said Goetz.

Read Also:
Why Custom Analytics Is Not Always The Best Choice

Many companies are coming to this conclusion, as 59% of the respondents in the Forrester survey said that they will either expand or implement new data preparation capabilities within the next 12 months so they take better advantage of the data they are collecting.

However, dealing with the big data preparation process has been anything but fast. Research reveals that data scientists can spend from 50 to 80% of their time collecting, cleaning, and preparing big data, which comes in all sizes and formats. If your plan is to democratize and distribute these data preparation tasks, which are already burdensome, tools have to be built for the task.;

 



Data Science Congress 2017

5
Jun
2017
Data Science Congress 2017

20% off with code 7wdata_DSC2017

Read Also:
Embrace Smart Data to Achieve Your Marketing Goals

AI Paris

6
Jun
2017
AI Paris

20% off with code AIP17-7WDATA-20

Read Also:
Get Master Data Management Right – and Fast – with Full-Production Analytics
Read Also:
How artificial intelligence will drive the future of workforce automation

Chief Data Officer Summit San Francisco

7
Jun
2017
Chief Data Officer Summit San Francisco

$200 off with code DATA200

Read Also:
Social Business Intelligence: The Next Big Thing!

Customer Analytics Innovation Summit Chicago

7
Jun
2017
Customer Analytics Innovation Summit Chicago

$200 off with code DATA200

Read Also:
Why Custom Analytics Is Not Always The Best Choice

HR & Workforce Analytics Innovation Summit 2017 London

12
Jun
2017
HR & Workforce Analytics Innovation Summit 2017 London

$200 off with code DATA200

Read Also:
AI & Machine Learning in the enterprise

Leave a Reply

Your email address will not be published. Required fields are marked *