Big Data: A HorizonWatching 2014 Trend Report

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ABOUT THIS DECK: The slides provide information about the Big Data trend in 2014 …

ABOUT THIS DECK: The slides provide information about the Big Data trend in 2014

CONTENT: Summary information about this emerging trend is provided along with many links to additional resources, including a list of trends and prediction articles about this trend. The slides are meant to be read/studied and the links are there for you to continue your learning. You may want to view the slides in slideshow mode so you can easily follow the links

MORE DETAILED REPORT IS AVAILABLE: This PDF File is a Summary Version of this Trend Report. A more detailed Powerpoint version of this deck is located at http://www.billchamberlin.com/reports-books/. The 32 page report has more information and resources for you, including a list of over 50 trend and prediction articles for 2014.

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  • 1. Contact: Bill Chamberlin, HorizonWatching Community Leader January 2014 Big Data: Trends To Watch In 2014 A HorizonWatching Community Trend Report (Summary Version)
  • 2. HorizonWatching Community About This Deliverable  Purpose: The slides provide information about the Big Data trend in 2014  This is a Summary Version of this Trend Report.  This file can be downloaded at http://www.slideshare.net/horizonwatching  A more detailed Powerpoint version of this deck is located at http://www.billchamberlin.com/reports-books/. The 32 page report has more information and resources for you, including a list of over 50 trend and prediction articles for 2014.  Content: Summary information about this emerging trend is provided along with many links to additional resources, including a list of trends and prediction articles about this trend. The slides are meant to be read/studied and the links are there for you to continue your learning. You may want to view the slides in slideshow mode so you can easily follow the links  For more information on Emerging Technology Trends, see the HorizonWatching blog Note: This presentation represents my own personal thoughts and ideas….not those of my employer. - Bill Chamberlin, http://www.billchamberlin.com/ 2 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 3. HorizonWatching Community Table of Contents 1. Trends to Watch in 2014 2. What Others Are Saying About Big Data for 2014 3. Additional Resources 3 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 4. HorizonWatching Community Table of Contents 1. Trends to Watch in 2014 2. What Others Are Saying About Big Data for 2014 3. Additional Resources 4 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 5. HorizonWatching Community Big Data Trends to Watch in 2014 1. The Hype is Over: No longer a buzzword, the focus turns towards implementation…and the many opportunities and challenges that await us. 2. Big Data Grows Bigger: The explosive growth Access more 2014 Big Data trend articles, blog posts and related information via the Horizonwatching Blog of social media, mobile devices, and machine sensors is generating a wealth of bits that either didn't exist or weren't accessible a few years ago. 3. Support for New Analytic Apps: Demand explodes for new analytic apps (including automated reporting, dashboards, predictive analytics, and decision support) putting pressure on Data Scientists and Developers. Alteryx Webinar - 14 for 14: Analytics Predictions for 2014 4. Hadoop Matures: With the help of open source projects like YARN, Hadoop functionality improves and enables new capabilities, such as real-time analysis. CIOs begin to consider it for mission critical applications. 5. Security/Privacy: CEOs want security. Users want privacy. CIOs make a greater effort to build security, privacy, and governance policies into their big data systems and processes. 5 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 6. HorizonWatching Community Big Data Trends to Watch in 2014 (cont.) 6. Designing for Cognitive Computing: Data Gartner Webinar: Information 2020: Beyond Big Data Scientists will begin to design for cognitive capabilities such as automated sense-finding, natural language processing, decision-automation and semantic search functions. 7. Big Data in Marketing: Marketing is a sweet spot for adoption, but CMOs and their staffs are not able to handle all the big data and analytics requirements. 8. Chief Data Officer: Expect more companies to create this role in 2014 and charge them with a focus on developing a corporate data strategy and a data-driven culture with an emphasis on data security and LOB self service capabilities, all paving the way for the cognitive systems era. 9. Data Scientists: Big data demands a new breed of data scientists who can make sense of the data coming in from mobile, social, and sensing technologies that require resetting the design and architecture of applications and user interfaces. “Vendors looking to expand and/or solidify their position in the BDA market are faced with the need to address an increasingly fragmented technology buyer population.” – IDC (link) 10.Data Quality: Data quality is at the heart of all data initiatives. The old saying garbage in = garbage out still holds true today. 6 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 7. HorizonWatching Community Table of Contents 1. Trends to Watch in 2014 2. What Others Are Saying About Big Data for 2014 3. Additional Resources 7 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 8. HorizonWatching Community Big Data refers to collecting, storing, and managing information that comes into an enterprise so that it can be analyzed for decision making IBM: The FOUR V’s of Big Data (Infographic) “Big data is a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications. The challenges include capture, curation, storage, search, sharing, analysis, and visualization.” – Wikipedia (Big Data) “Measured in terms of volume, velocity, and variety, big data represents a major disruption in the business intelligence and data management landscape, upending fundamental notions about governance and IT delivery.” – Forrester (link) “Every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals to name a few. This data is big data.” – IBM (Big Data) 8 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 9. HorizonWatching Community The hype of big data continues, but in 2014 the focus will be on implementing solutions and finding value Forrester Webinar: Big Data – Gold Rush Or Illusion? (registration required) “The hype around big data continues to drive increased investment and attention, but there is real substance behind the hype. Our survey underlines the fact that organizations across industries and geographies see 'opportunity' and real business value rather than the 'smoke and mirrors' with which hypes usually come.” – Gartner (link) “The hype around big data is coming to an end, signifying the beginning of a long-term adoption trend that will expose myriad opportunities and challenges.” – IDC (link) “The reality will set in as more organizations attempt Big Data and analytics initiatives. The opportunities are real, but still involves quite a bit of trial and error, and experimentation.” – IDC (link) 9 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 10. HorizonWatching Community Industry Analysts are forecasting significant growth in IT spending associated with the Big Data Trend being forecasted by “Global spending on big data by organizations will exceed $31 billion in 2013. The spending will grow at a CAGR of 29.6% over the next five years, reaching $114 billion in 2018.” – ABI Research (link) TechAisle: Worldwide SMB Big Data spend will reach US$3.5 billion in 2016 “Global spending on Big Data will grow at a CAGR of 48% between 2014 and 2019. Big Data revenues will reach $135 Billion by the end of 2019.” – Mind Commerce (link) “The Big Data technology and services market will grow at a 27% compound annual growth rate (CAGR) to $32.4 billion through 2017 - or about six times the growth rate of the overall information and communication technology (ICT) market.“ – IDC (link) “Spending on data center hardware to support big data projects will rise from $5.8 billion in 2013 to $15.7 billion in 2017.” – Gartner (link) “The Global big data market is estimated to be $14.87 billion in 2013 and expected to grow to $46.34 billion. This represents an estimated Compounded Annual Growth Rate (CAGR) of 25.52% from 2013 to 2018.” – MarketsandMarkets (link) 10 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 11. HorizonWatching Community The Big Data presents numerous challenges for Information Management professionals InformationWeek: Data Scientists Talk Privacy Worries “As data volumes rapidly expand and data environments become more complex, what were once small nuisances evolve into massive, company-wide problems.” – Aberdeen (link) “Clients must ensure their data center networks are optimized to handle big data's unique characteristics.” – Gartner (link) “The rising volume of data and the growing number of analytics systems storing sensitive data exponentially increases the risk of breaches..” – IBM (link) “With all of this valuable data within the IT organization, cyber security will be an ongoing concern, both inside and outside the enterprise.” – Gartner (link) “Through 2015, 85% of Fortune 500 organizations will be unable to exploit big data for competitive advantage.” – Gartner (link) 11 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 12. HorizonWatching Community And the Big Data trend is also impacting people and processes across the whole enterprise “With this shift comes a new set of hurdles spanning people, process and technology.” – VentureBeat: The 3 big problems in big data (hint: They all involve people) Gartner (link) “The biggest hurdle to fully realize the potential of data science is the lack of communication between data scientists and business users.” – VentureBeat (link) “Decision automation solutions based on Big Data technology will increasingly begin to replace or significantly impact knowledge worker roles.” – IDC (link) “This movement has significantly increased the demand for two relatively new and critical organizational roles: Data Scientists and Data Explorers.” – Wired (link) “Top performing organizations have found it necessary to invest in tools such as data security, master data management, data quality, data lifecycle management and data integration.” – Aberdeen (link) 12 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 13. HorizonWatching Community Table of Contents 1. Trends to Watch in 2014 2. What Others Are Saying About Big Data for 2014 3. Additional Resources 13 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 14. HorizonWatching Community Big Data – Selected IBM Resources and Links ibm.com links • Big Data Hub: The Big Data Hub • Big Data Portal: Big Data • IBM Software: Data Management, Data Warehousing, Enterprise Content Management • DeveloperWorks: Big Data Portal • IBM Systems: Big Data • IBM Education: Big Data Education • Podcasts on iTunes: Talking Big Data • Monthly Video Chats: Big Data Bytes • Online Magazine: IBM Data Magazine IBM: The Big Data Hub IBM eBook: Understanding Big Data Social Media • Blog: Big Data Hub Blog • Twitter: @IBMbigdata and Twitter Hashtag: #bigdata • Facebook: IBM Big Data & Analytics (9,581 likes) • LinkedIn: IBM big data (7,587 members) • YouTube: IBM Big Data (7,192 subscribers) • Google+: IBM big data • DeveloperWorks: Information Management Community 14 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 15. HorizonWatching Community Access additional thought leadership A more detailed version of this deck is located at http://www.billchamberlin.com/reportsbooks/. The powerpoint deck has 32 slides and many more resources for you, including a list of over 50 trend and prediction articles related to the Big Data trend for 2014. Other HorizonWatching Content and Community Sites – – – – – – – Linkedin Profile = www.linkedin.com/in/whchamb/ Wordpress = Horizonwatching – Thought Leadership Blog Tumblr = HorizonWatching – Quote Blog Twitter = HorizonWatching – 140 Character Blog Slideshare = HorizonWatching - Slide Decks Facebook = HorizonWatching – Community Page LinkedIn Group = HorizonWatching – Community Group Note: This presentation represents my thoughts and ideas….not those of my employer. Follow me for more technology trend information on my public blog - HorizonWatching at www.billchamberlin.com. Thanks, Bill Chamberlin 15 Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License
  • 16. HorizonWatching Community Other HorizonWatching Trend Reports are available for download Available for download at: http://www.billchamberlin.com/reports-books/ – Typically 20-30 pages (Powerpoint format). – All will be available by mid-February. For the current status of the availability of the reports, see Availability of HorizonWatching 2014 Trend Reports Contents of the Detailed Trend Reports 1. 2. 3. 4. 16 Trends to Watch (Important developments to watch in 2014) Trend Information (Market Opportunty, Growth Drivers, Adoption Challenges, Implications) Quotes: What Analysts and the Media is saying about the trend Lists of Websites and Resources • Analysts • Media Note: A summary of each of the detailed reports will also • Selected IT vendor and consultant websites and resources available in pdf format via the • Top Trend and Prediction Articles HorizonWatching account on • Social Media Sites & Searches Slideshare at • Selected Online Influencers http://www.slideshare.net/horizon • Selected white papers and other websites watching • List of 2014 Trend and Prediction Articles Jan 2014 Big Data: A 2014 HorizonWatching Trend Report (Summary Versionl) © 2014 HorizonWatching Creative Commons Attribution License