Big data is an ever-growing priority for businesses because of the potential profit and improved decision-making that its meaningful analytics can produce.
Big data analytics offer great potential value to businesses, but investments are inconsequential without an effective data management system. A report compiled by the Economist Intelligence Unit (EIU) and sponsored by the SAS Institute discovered that 46 percent of senior executives surveyed said that big data had become a major consideration that affected business decisions.
Experts propose that enterprise resolutions in 2013 should focus on strengthening database security. According to Verizon's 2012 Data Breach Investigations Report, the majority of breaches this year were classified as opportunistic, meaning the exploited database was not specifically targeted, but attacked due to easily identifiable weakness in its security measures. In fact, 96 percent of attacks that were analyzed were deemed not highly difficult to execute, and 97 percent were preventable.
Data maintenance will be the key to business survival in the coming months, and companies are increasing budgets for the support of their databases in order to gain competitive advantage. According to a report conducted by Symform and Data Center World, as much as 50 terabytes of data are accumulating every second. It will become increasingly important that businesses invest in analytics software and database administration services that can aid in capturing and classifying data intelligently.
A majority of IT departments have not implemented or are failing to enforce Bring Your Own Device (BYOD) policies, despite the fact that failing to implement these initiatives jeopardizes company data. A recent survey conducted by Globo, which revealed that while 68 percent of workers use their personal mobile devices for work, only 29 percent are aware of BYOD guidelines for use.
2013 will be the year that enterprise IT addresses the implications of cloud development and big data management hype. According to Gartner, businesses are set to invest $232 billion on IT-related services and technologies through 2016, even though Forrester estimates storing data in the cloud reportedly cut costs up to 74 percent.
A main focus for effective data management this year will be integrating big data with enterprise IT, according to a blog by Forrester Research's Boris Evelson. Since big data has proved unmanageable for most businesses without the assistance of database administration services, objectives to handle the mass amounts of information will increasingly be a focus for companies.
Outsourcing for cloud computing, database support, social media channels and process automation software can lower capital spending and generate the efficient data analytics that are crucial to business success.
Marketers rely on data for a mere 11 percent of their customer-related decisions, according to a Corporate Executive Board study. With the wealth of information that exists, big data has the potential to inspire strategies, but most marketing professionals are overwhelmed and unable to extract meaning from all the noise. Database experts can aid in interpreting the data, filtering out what is important and allowing businesses to effectively use that information.
While businesses are slowly recognizing the significance of database security and implementing technologies to address the issue, improper use of the software often hurts their efforts. Database security is an asset to organizations not only to protect confidential business data, but also customer information. Internal and external breaches of database safety can happen even when security software is being utilized, because without DBA services, the full range of security settings often aren't realized.
Experts predict database efficiency will depend on migration to cloud-based infrastructures
With the big data phenomenon comes rising threats to data security, and according to a recent survey by 451 Research, companies are apt to spend more to protect information from misuse or unauthorized access in the coming year. Forty seven percent of the survey's participants plan to increase their IT security budgets, which could include the implementation of database administration services. Budget increases, projected to be between 5 and 10 percent, have raised from 2012. Research director Daniel Kennedy commented on the trend to CRN.
Despite the fact that data useful for business, technological, and medical advancements is growing exponentially, a new study conducted by IDC Digital Universe found that only a very small fraction of it is being used. In fact, less than one percent of international data is being analyzed. However, IDC estimated that 23 percent of this information would be useful if it were tagged.
Entrepreneur Magazine believes that big data is poised to take off in the United States beginning in 2013. The magazine recently released a list of the top 10 trends that will be key for companies in the new year.
Fortinet, a network security firm, revealed that the single-password security model makes SQL injection one of the most serious cyber-security threats to monitor in 2013. In fact, a study conducted by Imperva determined that SQL injection is now tied with DDoS as the most popular topic in hacker forums. Simple passwords comprised of four or five-characters can be easily figured out with cloud-based cracking tools, and Fortinet predicts that as a result, multi-factor authentication will become essential.
Big data and cloud computing are two of the most important developments in the information technology industry. Looking ahead, both will be crucial in helping companies operate more effectively. GigaSpaces Technologies recently surveyed 243 IT executives and found that 80 percent said big data is considered a mission-critical aspect of their operations.
Big data has quickly changed how companies manage and analyze large information sets, but some firms are still unfamiliar with big data as a whole. A recent AMEinfo report explained that organizations that leverage big data to their advantage can improve customer experiences and improve business efficiency.
Businesses unfamiliar with cloud computing may want to start learning about the technology because it is quickly becoming an IT staple. The Data Center Journal's Jeff Clark recently explained how the cloud has risen to an "indispensable tool" in the IT industry.
Big data is changing how companies manage and analyze large information sets, but the IT trend is not just for large firms with vast resources. ZDNet contributor Howard Lo recently suggested that small businesses can also benefit from big data.
The healthcare industry is commonly associated with poor security practices, as many organizations fall victim to data breaches. This trend was highlighted in a recent study of 80 healthcare organizations by the Ponemon Institute, which found that 94 percent of respondents have suffered at least one data loss incident within the past two years.
Big data is changing how businesses manage and analyze large information sets. Companies that can successfully do both can identify trends that will help them map out future success. However, big data has also brought with it a major problem, in that there appears to be a lack of talent available to work with this trend, Harvard Business Review recently suggested.