Big data storage (and the analytics processing that uses all that raw data) is a burgeoning market that is growing at a 40 percent compound annual rate.
On Wednesday, March 12, at 11 a.m. PST/2 p.m. EST/7 p.m. GMT, @eWEEKnews will host its 16th eWEEKChat event. The topic will be "Big Data Analytics via the Cloud: There's Traction Everywhere." It will be moderated by Chris Preimesberger, who serves as eWEEK's
editor of features and analysis.
Some quick facts:
"Big Data Analytics via the Cloud: There's Traction Everywhere" Date/time:
March 12, 2014 @11a.m. PST/2 p.m. EST/7 p.m. GMT Hosted by:
Chris Preimesberger: @editingwhiz Tweetchat handle:
to follow/participate in the chat
Chatroom real-time links: We have two: http://tweetchat.com/room/eweekchat
eWEEKchat Event news page: http://www.eweek.com/innovation/eweekchat-events/
The phenomenon of so-called "big data"—which in its most simplified definition means terabyte, petabyte or larger data workloads—has clearly made it to the buzzword level. Sometimes truly important technology trends, in fact, do become buzzwords.
Big data storage (and the analytics processing that uses all that raw data) is a burgeoning market that IDC, for one, has forecast to surge at a 40 percent compound annual growth rate, from $3.2 billion in 2010 to $17 billion in 2015. The hockey-stick curve will certainly continue to zoom up-and-to-the-right after that.
Two-Thirds of Businesses Store 100TB or More of Data
Microsoft recently conducted a big data survey of its enterprise customers that found that almost two-thirds (62 percent) of respondents said they currently store at least 100 terabytes of data.
Big data presents a formidable new frontier in which data sets can grow so large that they become awkward to work with using traditional database management tools. The need for new tools, frameworks, hardware, software and services to handle this emerging issue represents a huge market opportunity.
The recognition of the value of a business's large stores of data as a valuable resource and the growth of cloud computing have grown in parallel fashion during the last eight years. Because a great many midsize and smaller businesses are not likely to buy a lot of new hardware for their data centers at this time, cloud services have become much more attractive. As a result, there are now myriad service providers willing to make various analytics apps available through subscription services. These apps can be general in nature (such as accounting or HR) or very industry-specific.
There are huge new business opportunities in big data. There is demand for effective big data toolsets that provide scalable, high-performance analytics at the lowest cost and in near-real time as business users increasingly demand continuous access to data. By analyzing this data, companies gain greater intelligence as well as a competitive advantage.
In our eWEEKchat March 12, we will pose questions such as:
--How does your enterprise define big data?
--How is your company using big data analytics for business advantage?
--What types of big data applications are you now using in 2014?
--How important is obtaining real-time—or –near-real-time—results from big data analytics apps?
--Does your business use Hadoop—or something similar—for batch-type big data analytics? What advantage(s) does that bring?
--Does your company allow employees to access big data-type applications from personal mobile devices?
A Bit of Background, Should You Choose to Use It
Here's how a Tweetchat works:
A Tweetchat is an online conversation held at a prearranged time following a specific hashtag. In eWEEK's
case, we will be using #eWeekChat for all of our Tweetchats. Chatroom real-time links: http://tweetchat.com/room/eweekchat or http://www.tchat.io/rooms/eweekchat.
Wednesday, March 12 at 11 a.m. Pacific Standard Time/2 p.m. EST/7 p.m. GMT.
The chat also can be followed on Twitter using the hashtag #eWeekChat. A link to the recap (so you can see a record of what everybody tweeted) will be posted on this blog the following Friday, March 14.
The whole idea is to facilitate additional industry dialogue and provide a forum for questions, idea sharing and problem solving. We also want your input on what you'd like to discuss during future chats, so please leave a comment on this post or tweet @eweeknews with topic ideas.
Participants will be able to ask questions of eWEEK
staff members and special guests or simply add their thoughts to the conversation. The only restrictions are that we stay on topic and that you say what you need to say succinctly (140 characters).
For Those Who Haven't Done a Tweetchat
You may not have participated in a Tweetchat previously. They generally move pretty fast, but you can learn a lot. We'll also post a record of all the comments so that you can refer to it afterward. Here's the Storify page containing all of our previous eWEEKChat compilations
A Tweetchat is a venue that is easy to use on any type of device, too. By the way, did you know that eWEEK
is the only mainstream IT trade publication that has specific apps for Android and iOS devices?
Hope to connect with you March 12, and use your collaboration network to tell your friends. Let's have fun with this.