Big Data Challenges

Big Data The Next Essential and It's Challenges Big data's potential to boost company performances and unlock insights which were previously unavailable has made it the next point of parity for every organization. The differentiator will be it's implementation, choice of partner and usage. Organizations make better decisions and conclusions by collecting and analysing real time data. How is big data changing businesses? 89% organisations have developed new products 60% increase in 94% organisations operating margins for are generating revenue retailers from new sources 92% of customers 5X increase in speed of are satisfied with decision making. business outcomes 89% have used big data for digital transformation worldwide by 2018. Unstructured data and increasing amounts of machine-to-machine data is being collected. It has been recorded that 90% of the total data generated till date was generated last year. Volume 01 THE CHALLENGES OF Each minute 100 hours of video is uploaded on YouTube, 200 million emails sent, 20 million photos are viewed on flicker and Twitter receives Velocity 3 V'S 02 300,000 tweets. Thus, continuous and high speed streaming of data is required with timely management. OF BIG DATA Variety Data is received in various formats, which requires the database to have a versatile platform that can read all formats. It is observed that 90% of data generated is unstructured and in different formats. 03 KEY CHALLENGES Lack of talent to carryout 37% that organizations are facing in leveraging big data are: big data analysis regularly Improper data security 51% 35% Integration with existing and protection system %24 47% Procurement limitations on 00 33% Budget and cost concerns big data vendors 3. Absence of right 41% resources to run big data Enterprise not ready for big 27% data Having a proper data strategy in place Implementation of capable but cost Management and effective tools. control of data on a regular basis HOW TO OVERCOME THESE CHALLENGES Configuring the existing system in line with the data strategy Hiring the right talent and training them for the right skillsets CMS IT SERVICES PRIVATE LIMITED www.cmsitservices.com Reliable | Robust | Secure )))