Solving 'Big Data' Challenge Goes Beyond Managing Data Volumes

IT leaders are attempting to manage “big data” challenges by focusing on the high volumes of information to the exclusion of the many other dimensions of information management According to Gartner, many IT leaders are attempting to manage “big data” challenges by focusing on the high volumes of information to the exclusion of the many other dimensions of information management, leaving massive challenges to be addressed later, Big data is a popular term used to acknowledge the exponential growth, availability and use of information in the data-rich landscape of tomorrow. “The business’s demand for access to the vast resources of big data gives information managers an opportunity to alter the way the enterprise uses information. IT leaders must educate their business counterparts on the challenges while ensuring some degree of control and coordination so that the big-data opportunity doesn’t become big-data chaos, which may raise compliance risks, increase costs and create yet more silos.” Worldwide information volume is growing annually at a minimum rate of 59 percent annually, and while volume is a significant challenge in managing big data, business and IT leaders must focus on information volume, variety and velocity. “The ability to manage extreme data will be a core competency of enterprises that are increasingly using new forms of information — such as text, social and context — to look for patterns that support business decisions in what we call Pattern-Based Strategy,” said Yvonne Genovese, Vice President and Distinguished Analyst, Gartner.