Technology Advancements Shaping Big Data Progress

Need for scalability, interactivity, and accuracy is driving innovation
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Published: 29 Jun 2017

With the advent of Internet of Things (IoT) devices, data are growing rapidly and are becoming an integral part of the evolving IT infrastructure. Big Data analytics (BDA) refers to a set of data management tools, applications, and techniques for effective analysis of Big Data sets so as to derive intelligence on business operations and customer interactions. BDA is capable of processing both structured and unstructured data from various sources. The recent trend in the data management space is to enable scalability in data analytics and to ensure details of smaller entities are analyzed appropriately. BDA is bringing in step-changing innovation across sectors of economic activity for efficient data management. However, there are few challenges restricting the adoption of the technology. At present, the market is experiencing some technology convergence with the advancement in some supporting technologies to address these challenges with Big Data technology space. This research service identifies the key technology development areas within information and communication technology industry that have the potential to not only address the challenges of the Big Data space, but also facilitate development of next generation applications through convergence.

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