EMC’s Federation Business Data Lake (FBDL) announcement has been a long time in the making. It’s been a perfect storm of industry trends that enable big data and make data lakes a feasible data architecture option. These trends include:
Data Growth – Web applications, social media, mobile apps, sensors, scanners, wearable computing and the Internet of Things are all generating an avalanche of new, more granular data about customers, channels, products and operations that can now be captured, integrated, mined and acted upon.
Cheap Storage – The cost of storage is plummeting, which enables organizations to think differently about data. Leading organizations are transitioning from viewing data as a cost to be minimized to valuing it as an asset to be hoarded. Even if they don’t yet know how they will use that data, they are transitioning to a “data abundance” mentality.
Limitless Computing – The ability to bring to bear an almost limitless amount of computing power to any business problem allows organizations to process, enrich and analyze this growing wealth of data, uncovering actionable insights about their customers and their business operations. (more…)
When we engage with clients to help them identify where and how to leverage big data for business value, we frequently use the Big Data Business Model Maturity Index (BDBM). This helps organizations understand how effective they are at leveraging data and analytics to power their value creation processes.
Big Data Business Model Maturity Index
Applying the BDBM can help an organization identify how it should enact changes to people, processes, and technologies to enable the creation of analytic insight that drives its top-level strategic initiatives. Organizations that adopt this approach can utilize advanced analytics to couple new sources of customer, product and operational data, optimizing key business processes and uncovering new monetization opportunities.
However from an IT perspective, what does this look like? The traditional data warehouse just can’t support these new data and analytic capabilities. (more…)
In November, a group of EMC and Pivotal data scientists and platform architects teamed up with members of the Earthwatch Institute and the Schoodic Institute, braving the driving wind and freezing temperatures in Acadia National Park in Maine to study bird migration. The goal? To showcase how, with best of breed data lake architecture, big data can do more than just predict our grocery lists; it can illuminate and illustrate the impact of climate change on the environment we live in. (more…)
If CIOs and their IT organizations want to maintain their business relevance – and be in a position to expand their business contribution – they must leverage mobile and social, as well as new technologies and services for business innovation. They need to complete the shift to a services-based provisioning and consumption model. It’s also critical that they enable business to put Big Data and analytics to work, all while maintaining security and business continuity in an extended-platform world.
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