The rapid rise of big data is beginning to transform how organizations manage and use information. The transition to supporting large-scale big data projects is not always a smooth one. Instead, developing the technological architectures necessary to foster big data use can prove incredibly expensive, complex and risky. According to a recent Firmology report, cloud computing offers considerable potential to resolve many of the challenges associated with big data.
Evaluating the big data problem
The news source explained that approximately 90 percent of all data currently in existence was created within the past two years. This explosion of information puts a major burden on business IT departments that are trying to develop the storage architectures necessary to support big data. At the same time, big data can help organizations use content and information created on web, mobile and social channels to gain a better understanding of their customers. The end result of this data-creation overload is a situation where companies can create considerable value from big data, but can only do so if they are able to make the strategic IT moves necessary to handle rapidly rising storage demands.
Using the cloud to deal with big data
Cloud hosting could prove instrumental in helping IT leaders increase performance and capacity in storage segments, allowing them to improve big data strategies without taking on excessive costs. The report said that cloud computing could be the answer to monetizing big data because it gives organizations access to the storage resources they need in a cost-efficient package. Cloud computing can offer incredible cost savings even before big data is added to the equation. The fiscal benefits often escalate when businesses put more systems into the cloud because they are able to replace more internal resources with cloud operations.
The move to the cloud unlocks two key gains — it reduces capital expenses on storage architectures and it frees IT leaders to focus more on operational excellence and special projects. Big data can put a major strain on IT teams as they try to invest in, deploy and manage specialized, high-capacity storage systems that can support big data operations. Alternately, cloud computing can offer this capacity and performance in systems housed and managed by a third-party provider. Subsequently, the cloud can lead to financial benefits on multiple levels and position IT departments to maximize the value of data.