In 2015, the global big data market was already bringing in more than $25 billion in revenue per year. However, experts expect this market to continue reaching new heights, especially in certain sub-markets. For example, the network equipment segment of the big data market is expected to grow by more than 20% each year until 2025, at least.
As the big data management market continues to grow, it is also innovating. In fact, many people who still understand the big data industry in terms of how it operated in the early years may be surprised by how far things have evolved.
Big data has already made its mark on the world. However, the latest big data innovations will shape the effect that big data continues to have on broader society. So what is going on with big data these days, and what kind of innovations are transforming the industry?
Read on to learn all about the latest innovations in big data management and what they might mean for you!
Articulating Data Management Benefits
Although it might sound surprising, one of the big innovations in the big data industry is learning to articulate the benefits of the industry better. Many people who are not close to the industry have heard enough about it to be impressed by what it can do for companies. However, that is not the same thing as many thousands of companies appreciating what big data management might be able to offer them specifically.
These days, there are a lot of businesses that could benefit from big data management that don’t even realize it. One of the reasons for this is that the big data industry has struggled to articulate to businesses all of the different advantages it can provide them.
That is why leaders in the big data industry are now focusing more on using effective storytelling, value stream analysis, and other tools to help people understand the benefits of data management better. As this trend continues, we might find that more businesses adopt big data management than ever before.
Adding AI to Data Management Technology
Almost every industry in the world is responding to the recent developments in AI technology. However, AI tech may affect the big data industry even more than most other industries.
One of the essential principles in big data management is that you cannot rely on people to individually assess such large bodies of data. The big data management industry has always relied on computers to help extract insights from raw data. However, AI is now able to analyze bodies of data in a much more sophisticated way.
As companies combine big data management with AI analysis, we may see the benefits of big data management becoming even more pronounced.
Protecting Big Data From AI Risks
At the same time, there are some serious concerns in the big data industry about the risks of AI. Although AI tools can be used to help the big data industry, they can also be used to poison training data.
Many of our systems for detecting fraud rely on general patterns. There is some concern that AI tools might be able to engage in fraud in a more complicated way that evades normal pattern detection processes.
On top of that, some people are concerned that the combination of AI analysis and big data management might be too powerful. Taken to an extreme degree, this technology might be able to provide a frightening level of insight into the operations of private people and businesses.
Sharing Information Between Database Servers
Big data management makes sharing data more beneficial than ever before. This is one reason why people and businesses have been storing more and more of their data on the cloud.
However, the more data there is to share, the more difficult it is to share it. That can diminish the efficacy of big data management and analysis.
That is one reason why the big data management industry is now focusing on making data sharing more and more accessible. Helping businesses consolidate their various sources of data can help them extract better insights from that data.
Making Data Training More Sustainable
The big data management industry relies on incredible amounts of processing power. That also means that this industry consumes a lot of energy.
These days, people and businesses are becoming more concerned about sustainability. As a result, the big data industry is also focusing on energy efficiency. As this trend continues, we may be able to analyze data without needing to consume as much electricity to do so.
This is another benefit of AI systems. They may help the big data industry get more insight and bang for its analysis buck. In other words, we may be able to extract key insights from data while using much more efficient analysis processes.
Giving More People the Tools of Big Data
The big data industry is becoming more accessible than ever before. The Db2 training course found here is an example of this accessibility.
It is now getting easier to provide everyday consumers with big data insights. That can help them create more engaging content.
Track the Latest Big Data Management Innovations
It was only a few years ago that big data management was a hot new thing that was still in its early stages of development. However, we are beginning to see this industry mature as new innovations make it even more significant than before. Keeping up to date with the latest big data management innovations will give you a better picture of how this industry will continue to affect our world.
To learn more about the latest information in big data, business, and more, take a look at our other articles!
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