It is obvious that full incorporation of external data sources is going to be a long-term effort, involving changes to data processing technology, analytics, business relationships, and ways of working.
FORBES: How External Big Data Opens a Disruptive Frontier for Business Intelligence
For cloud computing to truly take hold on mobile devices, two things need to align: stronger, faster mobile data connections delivering data to mobile devices and mobile technology capable of efficiently and effectively processing data, applications and services.
Service industries, such as information technology, data-processing, consulting and public relations, can barely contain their glee.
Warnings about fragile technology, overwhelmed data-processing centres and surging costs suggested slow progress.
As the cost of gathering, storing and processing data steadily declines, Big Data technology helps us listen in to what the social web is saying.
Cloud and Big Data processing capabilities are further fueling innovation in financial technology typified by the myriad startups eschewing FICO scores in favor of new proprietary scoring algorithms that leverage the exponential growth in data available to forecast credit worthiness.
FORBES: Why The Financial Technology Revolution Is Only Just Getting Started
The rise of new hot technology like energy efficient processing, big data, cloud computing, and mobile computing is causing a revamp of how companies and people use computing.
The first successful big data technology was enterprise data warehouses that implement massively parallel processing, scale to the petabytes, handle batch and real-time latencies with equal agility, and provide connectors to structured and unstructured sources.
There are a variety of players like Splunk, 1010data, Pervasive who have technology that can quickly allow analysts to understand if a big data set has potential and to start processing it.
FORBES: Bringing Value of Big Data to Business: SAP's Integrated Strategy
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