|By PR Newswire||
|March 11, 2014 07:44 AM EDT||
NEW YORK, March 11, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:
Big Data Opportunities, Challenges and Solutions for Industry Verticals
Big data is more than just one of the biggest buzz words in years. It represents a huge business opportunity to leverage arguably the most valuable enterprise asset: data about customers, operations, markets, competitors, and more.
Organizations across nearly every industry find that they not only require to manage growing large data volumes in their real-time systems, but also to analyze that information so they can quickly make more optimal decisions to help them compete more effectively in the marketplace.
Companies across a wide range of industry verticals and market segments are beginning to leverage Big Data and analytics to produce insights from hidden information floating in a sea of raw data that is otherwise too costly to process and discover.
Learn about Big Data solutions and strategies for enterprise
Understand the challenges and benefits for enterprise Big Data
Identify the market opportunities for Big Data in industry verticals
Learn about Big Data and analytics vendor solutions and strategies
Big Data companies
Analytics and data reporting companies
Data storage and processing companies
Research and development organizations
Cloud infrastructure and service providers
All industry verticals and market segments
Companies in Report:
Amazon Web Services
Computer Science Corp
Data Mining Research
Tata Consultancy Services
1 Executive Summary 6
2 What is Big Data 6
2.1 Breaking down Big Data 7
2.1.1 Internal Data 8
2.1.2 Structured External Data 8
2.1.3 Unstructured External Data 8
2.2 The important 'V's of Big Data 9
2.3 The Big Deal about Big Data 11
2.3.1 Exponential growth of Big Data 11
2.3.2 What the Numbers Mean 12
2.3.3 The Chance for Companies to Thrive 12
2.4 How Big Is Big Data? 12
2.5 What Data Is Meaningful? 14
2.5.1 Operations Management data 14
2.5.2 Sales and Marketing data 15
2.5.3 Accounting and Finance data 15
2.6 Improved Technologies to Manage Data 15
2.6.1 Analytic relational systems 15
2.6.2 Non-relational systems 15
3 Big Problems to Solve 16
3.1 Better Investment Decision and Operational Changes 16
3.2 Real Time customization 17
3.3 Improved Performance and Risk Management 17
3.4 New Business Model 18
4 Uses for Big Data 18
5 Challenges in Big Data Analysis 20
5.1 Heterogeneity and Incompleteness 21
5.2 Scale 22
5.3 Timeliness 22
5.4 Privacy 23
5.5 Human Collaboration 23
6 Big Data vs. API Strategies 24
6.1 Structured and Unstructured Solutions: APIs 24
7 Big Data Ecosystem 26
7.1 Big Data Landscape 28
8 Big Data Architecture 28
8.1 Traditional Information Architecture Capabilities 29
8.2 Adding Big Data Capabilities 29
9 Big Data Sources: What and How Much? 31
9.1 Where the data is getting generated? 33
10 Big Data Generation and Analytics 36
10.1 Predictive Analytics 37
10.2 Data Scientists 38
10.3 Big Data Technologies and Techniques 39
10.3.1 Hadoop 39
10.3.1.1 Problems solved by Hadoop 40
10.3.1.2 Hadoop Architecture 40
10.3.1.3 Cost Benefits of Hadoop 40
10.3.2 Hadoop and Spark 41
10.3.3 Hadoop and Data Security 41
10.3.3.1 Hadoop's Architecture Presents Unique Security Issues 41
10.3.3.2 Deploy a Purpose-Built Security Solution for Hadoop and Big Data 42
10.3.3 MapReduce 42
10.3.3.1 Features 43
10.3.3.2 When to Use MapReduce 43
10.3.3.3 When Not to Use MapReduce 43
10.3.3.4 How it Works 44
10.4 Data Mining 44
10.5 CRM Systems 44
10.6 Social Media 45
10.6.1 Ways to Tap Social Media 46
10.6.1.1 Google Trends 46
10.6.1.2 APIs and Mashups 46
10.6.1.3 Communicate Intelligence with Data Visualization Tools 46
11 Data Management 46
11.1 Acquire Big Data 46
11.2 Organize Big Data 47
11.3 Analyze Big Data 47
11.4 Interpretation 48
12 Big Data Standardization 48
12.1 Alliance for Telecommunication Industry Solutions 50
12.1.1 Business Challenges for CSPs 50
12.1.2 Promise of Big Data for Telecom 51
12.1.3 Catch problem spots before they affect service. 51
12.1.4 Put Big Data to use immediately 51
12.1.5 Give internal and external teams the tools they need 51
13 Major Service Providers 51
13.1 IBM 52
13.2 Datameer 54
13.3 Amazon Web Services 56
13.4 HP- Big Data 58
13.5 SpotFire 60
13.6 Intel 62
13.7 EMC 64
14 Big Data in Industry Verticals 67
14.1 Finance and Accounting 67
14.2 Retail and CRM 69
14.3 Government and Defense 71
14.5 Healthcare 72
14.6 Supply chain Management 73
14.7 Telecommunication 74
15 Summary and Conclusion 75
16. Appendix 92
16.1 Deeper Dive into Big Data in Retail 92
16.1.1 Retail Merchant Challenges 92
16.1.2 Big Data in Retail 94
16.1.3 Big Data in Retail Business Case 99
16.1.4 Retailers Business Models, Companies, and Solutions 105
16.1.5 Supply Chain Solutions 111
16.2 Deeper Dive into Big Data in Healthcare 113
16.2.1 Big Issues with Healthcare 113
16.2.2 Healthcare Stakeholders 114
16.2.3 Opportunities and Challenges 116
16.3 Big Data Industry Verticals vs. Functional Areas 119
16.3.1 Industry Verticals 119
16.3.2 Functional Areas 119
16.3.3 Big Data Functional Area Forecast 2013 - 2019 120
Read the full report:
Big Data Opportunities, Challenges and Solutions for Industry Verticals
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 07:45 AM EST Reads: 1,192
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
Dec. 9, 2016 07:00 AM EST Reads: 4,348
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
Dec. 9, 2016 06:00 AM EST Reads: 823
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Dec. 9, 2016 04:15 AM EST Reads: 1,458
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Dec. 9, 2016 04:00 AM EST Reads: 6,346
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Dec. 9, 2016 03:00 AM EST Reads: 428
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Dec. 9, 2016 02:15 AM EST Reads: 6,237
The idea of comparing data in motion (at the sensor level) to data at rest (in a Big Data server warehouse) with predictive analytics in the cloud is very appealing to the industrial IoT sector. The problem Big Data vendors have, however, is access to that data in motion at the sensor location. In his session at @ThingsExpo, Scott Allen, CMO of FreeWave, discussed how as IoT is increasingly adopted by industrial markets, there is going to be an increased demand for sensor data from the outermos...
Dec. 9, 2016 02:00 AM EST Reads: 3,079
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Dec. 9, 2016 01:15 AM EST Reads: 1,671
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 9, 2016 12:45 AM EST Reads: 1,217
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 9, 2016 12:30 AM EST Reads: 905
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 9, 2016 12:00 AM EST Reads: 727
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 09:45 PM EST Reads: 1,251
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Dec. 8, 2016 09:15 PM EST Reads: 979
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 8, 2016 05:45 PM EST Reads: 1,736
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Dec. 8, 2016 05:00 PM EST Reads: 1,830
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 8, 2016 04:45 PM EST Reads: 1,862
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 8, 2016 04:45 PM EST Reads: 2,263
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 8, 2016 04:15 PM EST Reads: 2,329
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 8, 2016 03:30 PM EST Reads: 1,264