Latest Trends in Big Data Analytics
You will be surprised by the fact that each day we are producing more data in 2 days than decades of history. Yes, that’s true, and most of us do not even realize this thing that we produce so much data just by browsing on the Internet. If you don’t want the future technologies to catch you off guard, pay attention to these current trends in big data analytics and succeed!
1. Data as service
Traditionally the Data is stored in data stores, developed to obtain by particular applications. When the SaaS (software as a service) was popular, Daas was just a beginning. As with Software-as-a-Service applications, Data as a service uses cloud technology to give users and applications with on-demand access to information without depending on where the users or applications may be.
Data as a Service is one of the current trends in big data analytics and will deliver it simpler for analysts to obtain data for business review tasks and easier for areas throughout a business or industry to share data.
2. Responsible and Smarter Artificial Intelligence
Responsible and Scalable AI will enable better learning algorithms with shorter time to market. Businesses will achieve a lot more from AI systems like formulating processes that can function efficiently. Businesses will find a way to take AI to scale, which has been a great challenge till now. Read how ModelOps helps in operationalizing AI.
3. Predictive Analytics
Big data analytics has always been a fundamental approach for companies to become a competing edge and accomplish their aims. They apply basic analytics tools to prepare big data and discover the causes of why specific issues arise. Predictive methods are implemented to examine modern data and historical events to know customers and recognize possible hazards and events for a corporation. Predictive analysis in big data can predict what may occur in the future.
This strategy is extremely efficient in correcting analyzed assembled data to predict customer response. This enables organizations to define the steps they have to practice by identifying a customer’s next move before they even do it.
Data analytics is changing the role of tax from being the historian to a strategic business partner.
4. Quantum Computing
Using current time technology can take a lot of time to process a huge amount of data. Whereas, Quantum computers, calculate the probability of an object’s state or an event before it is measured, which indicates that it can process more data than classical computers. If only we compress billions of data at once in only a few minutes, we can reduce processing duration immensely, providing organizations the possibility to gain timely decisions to attain more aspired outcomes. This process can be possible using Quantum computing. The experiment of quantum computers to correct functional and analytical research over several enterprises can make the industry more precise.
5. Edge Computing
Running processes and moving those processes to a local system such as any user’s system or IoT device or a server defines Edge Processing. Edge computing brings computation to a network’s edge and reduces the amount of long-distance connection that has to happen between a customer and a server, which is making it the latest trends in big data analytics. It provides a boost to Data Streaming, including real-time data Streaming and processing without containing latency. It enables the devices to respond immediately. Edge computing is an efficient way to process massive data by consuming less bandwidth usage. It can reduce the development cost for an organization and help the software run in remote locations.
Want to know what relevant technology will affect your business?
6. Natural Language Processing
Natural Language Processing( NLP) lies inside artificial intelligence and works to develop communication between computers and humans.
The objective of NLP is to read, decode the meaning of the human language. Natural language processing is mostly based on machine learning, and it is used to develop word processor applications or translating software. Natural Language Processing Techniques need algorithms to recognize and obtain the required data from each sentence by applying grammar rules. Mostly syntactic analysis and semantic analysis are the techniques that are used in natural language processing. Syntactic analysis is the one that handles sentences and the grammatical issues, whereas semantic analysis handles the meaning of the data/text.
7. Hybrid Clouds
A cloud computing system utilizes an on-premises private cloud and a third party public cloud with orchestration between two interfaces. Hybrid cloud provides excellent flexibility and more data deployment options by moving the processes between private and public clouds. An organization must have a private cloud to gain adaptability with the aspired public cloud. For that, it has to develop a data center, including servers, storage, LAN, and load balancer. The organization has to deploy a virtualization layer/hypervisor to support the VMs and containers. And, install a private cloud software layer. The implementation of software allows instances to transfer data between the private and public clouds.
Read more about Enterprise Hybrid Cloud Storage Solutions
8. Dark Data
Dark data is the data that a company does not use in any analytical system. The data is gathered from several network operations that are not used to determine insights or for prediction. The organizations might think that this is not the correct data because they are not getting any outcome from that. But, they know that this will be the most valuable thing. As the data is growing day-by-day, the industry should understand that any unexplored data can be a security risk. The expansion in the amount of Dark Data can be seen as another Trend.
9. Data Fabric
Data fabric is an architecture and collection of data networks. That provides consistent functionality across a variety of endpoints, both on-premises and cloud environments. To drive digital transformation, Data Fabric simplifies and incorporates data storage across cloud and on-premises environments. It enables access and sharing of data in a distributed data environment. Additionally provides consistent data management framework across un-siloed storage.
The aim of XOps (data, ML, model, platform) is to achieve efficiencies and economies of scale. XOps is achieved by implementing DevOps best practices. Thus, ensuring efficiency, reusability, and repeatability while reducing technology, process replication and allowing automation. These innovations would enable prototypes to be scaled, with flexible design and agile orchestration of governed systems.
Summing It Up
Over the years, new technologies in Big Data Analytics are changing continuously. Therefore, businesses need to implement the right trends to stay ahead of their competitors. So, here are the latest trends in Big Data Analytics for 2020 and beyond.