7 steps to big data success

By Margaret Dawson, Network World |  Big Data, Analytics

This vendor-written tech primer has been edited by Network World to eliminate product promotion, but readers should note it will likely favor the submitter's approach.

In IT we love creating new hype cycles and catchphrases. And like fashion trends, we seem to have a 20-year cycle where we go back to what we've done before but slap a new name on it and insist everybody must "have" it immediately. The latest hype: big data.

From Interop to cloud conferences and even to Dilbert, we are being told if we don't have a big data strategy -- that, by the way, aligns with our cloud strategy -- we are behind, and our company will crash and burn.

IN PICTURES: 'The Human Face of Big Data'

There are three important reality checks about big data. First, it's not really new. Companies like Amazon, Microsoft and Google have been doing big data work since the '90s. In fact, companies have been mining data for decades. It may have been only accessible or affordable to a few very large companies with big wallets and big main frame installations, but it has existed. Today, advanced data mining capability and algorithms are accessible to nearly everyone thanks to inexpensive computing and storage capacity as well as new tools and techniques.

In fact, many folks think big data is just a new name for business intelligence (BI). While there are similarities, big data goes beyond BI. I love how Stuart Miniman, a senior analyst at Wikibon, talks about the "bit flip" from BI to big data. Here is how I see that bit flip in action:

Second reality check: The "big" part is relative. We are absolutely dealing with a record level of digital data growth across all industries and organizations. According to IDC, we are creating more than 58 terabytes of data every second, and we expect to have some 35 zettabytes of digitally stored data by 2020. However, big data doesn't have to be massive. It's not so much the size but what you need to do with it and the time required to process it. A small company with 100 terabytes might have a big data problem, because it needs to extract, analyze and make decisions from multiple data sets about its product.

Originally published on Network World |  Click here to read the original story.
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