Like every sector in our computer world we always have some new
trends. In fact the dynamics of changing
trend in Computer industry is very evident. Few years back all want to adopt
tablet and different form of post pc devices. And recent time Cloud was the big
word. All most all companies have launched lots of cloud specific services or
platform. Every blogger including me has written about cloud. And now the
recent buzz is Big Data, Hadoop, Data Analytics etc..
There is a say Pen is mightier than Sword. It means Knowledge, information is the key. If
a student knows the right answer of the question in exam he will succeed. If
the doctor knows more information about the disease he can diagnose and treat
better. Similarly if a business knows has right information about its customer
needs it can succeed well. So it’s important to get right information in time.
And if we think most of the time that “information” is the only difference
between success and failure.
So people invest huge to store data and retrieve/derive the
useful information out of it in real time.
The whole process is divided in two steps first part is to store related
data. And most of the time these are unstructured data. And the second thing is
to analysis or processes those data to get right information in real-time. These
unstructured data can come from or around your business. For example any ecommerce portal will like to
store and analysis its visitor browsing pattern. This will help them to arrange
or present their products efficiently. Similarly an bank should like to know
what its customers like, dislike or spending habit. So that it can customize
its product as per it. More or less all big corporate houses are started
spending in BigData and Analytics.
Well Data and Analytics not only help big organization. It
can be useful to stream line personal
finance too. Money manager from Intuit is an example in this direction. It
tracks all spending, and categorize them. So that one can easily track income and
spending. Its early days, In coming days
we will see more product or services around Analytics and BIgData.