Tag: databases

Internet of Things promises analytics boom

Internet of ThingsThe growth of devices with internet protocol (IP) capabilities will generate a boom in big data and analytics revenue.
That’s the prediction from ABI Research which said in a report that integrating, analysing and storing data from the internet of things (IoT) will be worth as much as $5.7 billion this year.
That figure will expand over the next five years and represent a third of all big data and analytics revenues, the research outfit predicts.
Analyst Aapo Markkanen said that trying to make sense of data from machines and sensors has its own challenges, including deep domain expertise in analysis and time series databases held in storage.
That is leading to the birth of many startups aiming to exploit a gap in the market.
Some existing vendors including Datawatch, Informatics, Software AG and Splunk are ready for the IoT world.


Integrated systems market spurts ahead

HP-MicroServerCompared with the rest of the IT market, the worldwide integrated infrastructure market grew by a healthy 28.1 percent during the third quarter of this year.

That’s according to IDC, which said reveues increased to $2.3 billion, generating over 898 petabytes of storage capacity shipments, up by 46.6 percent compared to Q3 2013.

IDC research director Jed Scaramella said that over the past year IT vendors invested heavily in product portfolio and that’s resulted in more adopting in customers’ IT.

IDC defines integrated platforms as those sold with pre-integrated packaged software and customised system engineering for software development, databases, testing and integration tools.  Integrated infrastructure are for general purpose workloads.

In the first category, Oracle was the leader in the pack, followed by IBM, and HP.  Oracle showed revenue growth of 7.1 percent, IBM’s revenue growth fell by 18 percent, while HP showed a massive revenue growth of 285 percent.

In the second category, VCE saw a 45.7 percent growth in the quarter, Cico/Netapp showed a 32.2 percent growth while HP surprised with a 273.3 percent revenue growth in the third quarter of 2014.

Big Data is a waste of space

Mammoth big dataBeancounters here and on the other side of the pond say that companies are struggling to cope with the enormous amount of data they are gathering. And that could cost them dear.

The Chartered Institute of Management Accounts (CIMA) and the  American Institute of CPAs (AICPA) surveyed 2,000 finance professionals – including CEOs and chief financial officers – and found to their dismay that 86 percent of organisations struggle to make sense of the data they’re storing.

And nearly half (44 percent) surveyed said their organisations don’t have the right tools in place to understand the trend. Only 53 percent are investing in tech to harvest and get insight into the data.

The main reasons organisations are struggling is that they can’t bring the data together; aren’t sure if the data is good quality; are unable to get information from non-financial dta and identifying trends and insights.

Nevertheless, according to Peter Simons, an analyst at CIMA, companies do understand that big data is a real business asset. He said as many as 93 percent of the respondents think finance has an important part to play to help their organisations  benefit from data.