Decision-making should be based on facts, regardless of industry. The importance of data collection and its analysis leveraging Big Data technologies has demonstrated that the more accurate the information gathered, the sounder the decisions made, and the better the results that can be achieved.
The evolution of the global web has resulted in virtual connections ubiquitously penetrating real-world objects and activities. Today, everything can be connected with everything, creating a new distributed ecosystem that goes beyond the familiar IoT (Internet of Things) concept. Cisco has coined a special term — the Internet of Everything (IoE) — to describe this dynamically changing phenomenon.
By 2020, there will be 30 billion IoT devices worldwide, and in 2025, the number will exceed 75 billion connected things, according to Statista. All these devices will produce huge amounts of data that will have to be processed quickly and in a sustainable way. To meet the growing demand for IoT solutions, fog computing comes into action on par with cloud computing. Fog is even better at some things.
In the near future, the so-called “intelligent enterprise” will fully capture the global market. Many companies now understand that only the intelligent enterprise will be able to anticipate technological and market challenges and make a profit. Those who are not going to follow the digital transformation will suffer financially and eventually fall behind their competitors.
A trend is a regular change in processes, conditions, data, projects, etc. To follow a trend, you must be aware of the current situation and be able to predict the changes in the near future.
The amount of information people face in their everyday life and the volume of data they need to process at work have recently soared. By 2025, the data volume is predicted to reach staggering 163 ZB — ten times what people generate now. When information processing becomes an overreach for the human brain, tools that convert chaotic and patternless data into valuable insights come to the rescue. These tools are Big Data visualization software.
Recently, the volume of information that the human brain has to process has been ratcheting up, and 90% of existing information has been created since 2012. Because of continuous technological development, the volume of information is expected to morph into an information tsunami, and to handle it, numerous data processing software has been developed.