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Big Data Spending Will Reach $20 Billion by 2016


Welcome to the Wednesday edition of the IP news roundup. Here are the latest headlines in big data, network security and cloud:

  • Big money is going into big data. According to an Experton Group study (as reported by SmartPlanet.com), spending on big data technologies will reach more than $20 billion by 2016. Investors are also pouring money into big data start-ups that can help meet the demands of organizations that need to analyse vast amounts of unstructured data. The Experton Group revealed that “[t]hese specialized providers now account for around 8% of global IT spending and investment.”
  • How do you prove the ROI of big data? A TechRepublic article made the point that big data’s ROI can’t be determined the same way you determine the ROI from your other IT initiatives (such as speed per transaction, shrinking data centre footprints, etc.). However, there are ways to predict big data ROI so you can get buy-in for the technology. The article suggested using a high-performance computing solution for big data analysis. It also suggested showing your CIO “how the technology is going to bring value to the enterprise — and how long it will take the company to recoup its technology investment.”
  • Facebook’s new layer of security can slow down your experience. PCWorld reported that Facebook is moving all its users to HTTPS. This will provide users with a higher level of protection on the site, particularly when they are using Wi-Fi networks. However, it will slow page load times a bit. However, the benefits seem to outweigh the loss of a little speed, as the article reported that a number of organizations are now using HTTPS for added security.
  • The Financial Post ran an article outlining the legal reasons why Canadian businesses should consider keeping their data within Canada. The article warns companies to understand the trade-offs they must make when they want to outsource their cloud data storage. For example, many companies may not realize that their Canadian cloud storage provider actually has servers in other countries, which can make their data susceptible to foreign laws. The article recommended working only with cloud providers that are up front about where their data resides.
  • And finally … don’t move to the cloud unless you have a strategy in place. A ZDNet article stated that while 69% of companies in the UK are using private clouds and 40% are using public or hybrid clouds, only 26% have created a cloud road map. The article also makes the point that of the enterprises that have a cloud strategy, most “are not particularly sophisticated, however — and still focus on the technology-related drivers for cloud adoption, such as cutting the cost of IT, rather than business-related drivers, such as creating new revenue streams, according to IDC.”

What is your take on today’s news? Feel free to share your opinions below.

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