The Biggest Data Trends of 2014

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Elephantsby Angela Guess

Doug Henschen of Information Week recently wrote, “The era of big data analysis is here to stay. Take your pick of 2014 proof points. Tech watchers might cite the more than $200 million in venture capital raised by the top three NoSQL database vendors, or the $1 billion raised by the top-three Hadoop software distributors. Many took note of the recent declaration by Forrester Research that ‘Hadoop is no longer optional’ for large enterprises, thanks to compelling ‘Hadooponomics’ that make it a must for high-scale storage and data processing.”

Henschen continues, “InformationWeek is more impressed by the testimonials of companies that are getting real value out of big data platforms and analysis techniques. Pfizer and Merck, for example, are developing more effective and affordable drugs thanks to big data techniques that are leading to more targeted treatments and more productive manufacturing processes. GE and others are demonstrating improvements in industrial equipment performance, uptime, and safety thanks to Internet of things-style applications.”

He goes on, “And then there are the pioneers like The Weather Company and Facebook that say they just couldn’t run their data-driven businesses without new platforms, even if they still have a place for more conventional tools like relational databases. Here are five trends witnessed over the last year that point to progress in big data analysis.”

Read more here.

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