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James M. Connolly

Stick With the Not-So-Big Approach to Big-Data Analytics

James M. Connolly
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James M. Connolly
James M. Connolly
2/20/2013 11:54:06 AM
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Re: Right Approach?
True. You can move some of the under-utilized (or forgotten) big-data stores to less expensive media. However, the first step would be to think about why you want to collect that data in the first place. In the rush to do big-data analytics, companies have to think about how they are going to use the various data sources, and which ones can help them in their business and decision processes.

Consider the collection of data sources in the same light as our personal lives. Most of us (except fo the super organized people) are guilty of saving things -- nails, nuts and bolts for the home owner; pots, pans, spices, implements, etc., for the amateur cook -- just because they might come in handy some day. Of course, most of them don't come in handy, and end up in a yard sale where someone else thinks they will come in handy.

If a company is going to sign on with a data broker for data feeds (and pay an annual subscription feed) they had better know how they are going to use that data, not just buy it because they can, and think that it might come in handy. Big-data initiatives require a plan.

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Dr.T
Dr.T
2/20/2013 11:26:59 AM
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Platinum
Re: Right Approach?

I agree Jim. That is what I suggest organization to classify their data as active and non-active . Anything active is kept in the faster disks and replication/backup is done in a timely manner.  Non-Active data can stay in the slower disks and it can be backed up as needed basis. With this strategy the data cost may be reduced a little bit, I would think.


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James M. Connolly
James M. Connolly
2/20/2013 9:24:39 AM
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Blogger
Re: Right Approach?
Dr. T. I agree. I suspect that there will be a lot of companies that look at various massive data stores two years from now -- data that someone in the organization thought would be useful some day -- and wonder why they have it. That will be particularly true when the person who demanded the data feed, which could come with a costly subscription, has long ago left the company.

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Dr.T
Dr.T
2/19/2013 4:43:06 PM
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Platinum
Re: Right Approach?

Correct. Some companies do not see value of the data on hand, simply because they have never performed any analytics on it and not able to see what they can get out of it. If you do not benefit from your data then holding the data becomes cost unfortunately.


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James M. Connolly
James M. Connolly
2/19/2013 1:09:14 PM
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Blogger
Re: big-data or no big-data?
I don't think you'll see companies going to a retail outlet to pick up big-data tools like Hadoop. In fact, I'm not sure that most small businesses even need to think in terms of big data on their own. Where I see opportunity is when a service provider, maybe an integrator, a reseller, consultant, or database marketer that is already in the SMB's space is able to provide a service where they draw on the SMB's sales data, data from a bunch of similar SMBs, and more general information, and then provide their SMB clients with reports and a dashboard that lets the SMB owner run something like their own plain-language queries.

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Usman
Usman
2/19/2013 12:53:34 PM
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Platinum
Re: Right Approach?
@ Dr T: This is true that structured and unstructured data has become essential to many businesses as the big data trend has taken the IT world by storm in recent years. I believe Big data is extremely valuable to companies looking to solve their immediate decision making challenges. So yes, dealing and maintaining big data will simply another additional challenge that IT needs to face !

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dcawrey
dcawrey
2/19/2013 11:46:43 AM
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Platinum
Re: big-data or no big-data?
Humor aside, it's actually too bad that organizations can't go to Staples to pick up a "Hadoop thingie". Really, since most don't even know where to start the reality is that there should be a service out there that helps them get up and running. 

And once an organization is up and running with big data, a service or consultancy would be really helpful in making sure that the forest isn't lost for the trees, so to speak. 

I smell a business opportunity. 

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Dr.T
Dr.T
2/18/2013 9:36:49 AM
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Platinum
Re: Right Approach?

Good question. I consider big data for more businesses trying to gain competitive advantage in the market by proposing new opportunity that was not already visible. Other than that, dealing and maintaining big data will simply another additional challenge IT needs to face. All other applications and data needs would not be going away.


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Usman
Usman
2/16/2013 3:53:37 PM
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Platinum
Right Approach?
@ JIM: This is pretty informative article Jim! I agree with the two plans you suggested for every large company and most midsized companies to explore big-data's potential. But I was just wondering if you would not try to meet everyone's new application demand right from the beginning how would you be able to set your goals towards the end? Thinking manageable is definitely a right approach but in the end it is the part of your job to fulfill the demands, Isn't it??

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HUB Support
HUB Support
2/15/2013 12:26:35 PM
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Platinum
Re: big-data or no big-data?
@ Jim  A large company's ability to aggregate data from small, medium, and large businesses is an area where big data shines.  An example of a company on the forefront of that data mining model is ADP.  The payroll processing giant uses its cloud based payroll processing system to provide real time employment data analytics by region, industry, etc.  Now, market analysts who used to wait with bated breath for employment reports can study emerging trends in real time.  

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