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:
Machine Learning Is Revolutionizing Stock Predictions

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.;

 



HR & Workforce Analytics Summit 2017 San Francisco

19
Jun
2017
HR & Workforce Analytics Summit 2017 San Francisco

$200 off with code DATA200

Read Also:
4 Ways Data-First Competitors Are Killing You

M.I.E. SUMMIT BERLIN 2017

20
Jun
2017
M.I.E. SUMMIT BERLIN 2017

15% off with code 7databe

Read Also:
How data science fights modern insider threats
Read Also:
5 ways AI will impact the global business market in 2017

Sentiment Analysis Symposium

27
Jun
2017
Sentiment Analysis Symposium

15% off with code 7WDATA

Read Also:
How Any Business Can Develop a Big Data Mindset

Data Analytics and Behavioural Science Applied to Retail and Consumer Markets

28
Jun
2017
Data Analytics and Behavioural Science Applied to Retail and Consumer Markets

15% off with code 7WDATA

Read Also:
Chief Data Officer: The True Dean of Big Data?

AI, Machine Learning and Sentiment Analysis Applied to Finance

28
Jun
2017
AI, Machine Learning and Sentiment Analysis Applied to Finance

15% off with code 7WDATA

Read Also:
The ethics of artificial intelligence in intelligence agencies

Leave a Reply

Your email address will not be published.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