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Roundup of Big Data Forecasts and Market Estimates, 2012

From the best-known companies in enterprise software to start-ups, everyone is jumping on the big data bandwagon.

The potential of big data to bring insights and intelligence into enterprises is a strong motivator, where managers are constantly looking for the competitive edge to win in their chosen  markets.  With so much potential to provide enterprises with enhanced analytics, insights and intelligence, it is understandable why this area has such high expectations – and hype – associated with it.

Given the potential big data has to reorder an enterprise and make it more competitive and profitable, it’s understandable why there are so many forecasts and market analyses being done today.  The following is a roundup of the latest big data forecasts and market estimates recently published:

• As of last month, Gartner had received 12,000 searches over the last twelve months for the term “big data” with the pace increasing.

• In Hype Cycle for Big Data, 2012, Gartner states that Column-Store DBMS, Cloud Computing, In-Memory Database Management Systems will be the three most transformational technologies in the next five years.  Gartner goes on to predict that Complex Event Processing, Content Analytics, Context-Enriched Services, Hybrid Cloud Computing, Information Capabilities Framework and Telematics round out the technologies the research firm considers transformational.  The Hype Cycle for Big Data is shown below:

• Predictive modeling is gaining momentum with property and casualty (P&C) companies who are using them to support claims analysis, CRM, risk management, pricing and actuarial workflows, quoting, and underwriting. Web-based quoting systems and pricing optimization strategies are benefiting from investments in predictive modeling as well.   The Priority Matrix for Big Data, 2012 is shown below:

• Social content is the fastest growing category of new content in the enterprise and will eventually attain 20% market penetration.   Gartner defines social content as unstructured data created, edited and published on corporate blogs, communication and collaboration platforms, in addition to external platforms including Facebook, LinkedIn, Twitter, YouTube and a myriad of others.

• Gartner reports that 45% as sales management teams identify sales analytics as a priority to help them understand sales performance, market conditions and opportunities.

• Over 80% of Web Analytics solutions are delivered via Software-as-a-Service (SaaS). Gartner goes on to estimate that over 90% of the total available market for Web Analytics are already using some form of tools and that Google reported 10 million registrations for Google Analytics alone.  Google also reports 200,000 active users of their free Analytics application.  Gartner also states that the majority of the customers for these systems use two or more Web analytics applications, and less than 50% use the advanced functions including data warehousing, advanced reporting and higher-end customer segmentation features.

• In the report Market Trends: Big Data Opportunities in Vertical Industries, the following heat map by industry shows that from a volume of data perspective, Banking and Securities, Communications, Media and Services, Government, and Manufacturing and Natural Resources have the greatest potential opportunity for Big Data.

• Last week Gartner hosted Big Data Opportunities in Vertical Industries (August 7^th) and provided an excellent overview of the research behind  Market Trends: Big Data Opportunities in Vertical Industries. The following graphic was included in the webinar showing big data investments by industry:

• The Wikibon Blog has created an excellent compilation of big data statistics and market forecasts. Their post,  A Comprehensive list of Big Data Statistics, can be found here.  They’ve also created an infographic titled Taming Big Data.   You can find The Big List of Big Data Infographics here.

• The Hadoop-MapReduce market is forecast to grow at a compound annual growth rate (CAGR) 58% reaching $2.2 billion in 2018. Source: Hadoop-MapReduce Market Forecast 2013-2018

• Big data: The next frontier for innovation, competition, and productivity is available for download from the McKinsey Global Institute for free. This is 156 page document authored by McKinsey researchers is excellent.  While it was published last year (June, 2011), if you’re following big data, download a copy as much of the research is still relevant.  McKinsey includes extensive analysis of how big data can deliver value in a manufacturing value chains for example, which is shown below:

• How is big data faring in the enterprise? Is an excellent blog post written by best-selling author and thought leader Dion Hinchcliffe . Be sure to follow Dion on Twitter and by subscribing to his blog, he delivers excellent content that is insightful and interesting.

Courtesy - Louis Columbus

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This is ONLY for Hindus, Muslims, Christians, Sikhs, and any other religion you may belong….

In the age where all of us silos ourselves into being part of a specific religion besides knowing the fact that every religion at core teaches compassion towards other human or rather living things….This is a story that touched me, and yet another example to show that it does not matter whom you pray, but eventually we all are knocking at the same door…yes for some the door may be of Christ, Ram, Krishna, Guru, Prophet, etc. but eventually the person behind it is the same…..

The Incident that forced me to share this with everyone. It may be a small but certainly not an insignificant one : -

Muslim residents of Joshimath in Uttarakhand, India offered Eid namaaz (prayers) on Monday in a gurdwara (Sikh temple), after being invited in by its head priest.There is no mosque or idgah in Joshimath, a town perched above the Alakhnanda deep in the Garhwal Himalayas. Usually its 800-odd Muslim residents offer namaaz at the town's Gandhi Maidan, a public ground.

On Monday, however, Gandhi maidan had turned into slush. It had been raining heavily for several days and Eid, the festival day too dawned in a downpour. The Muslim community was struggling with the problem when the head of the local Gurdwara sent a heart warming message to them- The Muslims could use the main hall of the Gurdwara for offering namaaz.
So, at 9:30am, the congregation of Muslims in bright new clothes trooped down to the gurdwara and offered the ritual prayers in the big hall. After the ceremony, they embraced the Sikh community members waiting outside the hall. Some Hindus from the town were present too and offered greetings to the other two communities

Joshimath is located about 250 kilometers from Rishikesh on National Highway 58. It is close to two important pilgrimage centers - Badrinath of the Hindus and Hemkunt Sahib of the Sikhs.

Incident Source – Times of India

[Infographic] Social Media Analytics: Traffic Impact Of Infographics

Some Beautiful Words put together

Someone has written these beautiful words. Read and try to understand the deeper meaning of them.

1. Prayer is not a "spare wheel" that you pull out when in trouble, but it is a "steering wheel" that directs the right path throughout life.
2. Why is a car's windshield so large & the rearview mirror so small? Because our PAST is not as important as our FUTURE. So, look ahead and move on.
3. Friendship is like a BOOK. It takes a few seconds to burn, but it takes years to write.
4. All things in life are temporary. If they are going well, enjoy them, they will not last forever. If they are going wrong, don't worry, they can't last long either.
5. Old friends are gold! New friends are diamond! If you get a diamond, don't forget the gold! To hold a diamond, you always need a base of gold!
6. Often when we lose hope and think this is the end, God smiles from above and says, "Relax, sweetheart; it's just a bend, not the end!"
7. When God solves your problems, you have faith in HIS abilities; when God doesn't solve your problems, He has faith in YOUR abilities.
8. A blind person asked God: "Can there be anything worse than losing eye sight?" He replied: "Yes, losing your vision!"
9. When you pray for others, God listens to you and blesses them, and sometimes, when you are safe and happy, remember that someone has prayed for you.
10. Worrying does not take away tomorrow's troubles; it takes away today's PEACE.

Alphabets are so intelligently arranged.
"A"lways "B"e "C"ool.
"D"on't have "E"go with "F"riends.
"G"iveup
"H"urting " I "ncidences.
"J"ust  "K"eep
"L"oving "M"ankind.
"N"ever "O"mit  "P"rayers.
"Q"uietly "R"emember the LORD.
"S"peak "T"ruth.
"U"se "V"alid "W"ords.
"X"press "Y"our "Z"indagi.
Great  words:
"Life has many great options,
You don't have to always pick what seems to be the best..
Just pick whatever makes u happy".....!!

Source - Unknown

Prayers…..

Today someone shared a wonderful meaning of PRAYERS and hence sharing this with all….

Prayer doesn't just happen when we kneel or put hands together & focus. When you hug a friend that's prayer. When you cook something to nourish family and friends that's prayer. When you send them off with 'Drive Safely' or 'Be Safe' that's prayer too. When you're helping someone in need by giving your time, energy, and money, you're giving a prayer and answering one at the same time. Prayer is a vibration. It feels good.

Prayer is the VOICE of LOVE....

Lies…..

Life has never promised you anything.Nor has God... But people did
Some said they will never leave you... LIE...
Some said they will love you till death... LIE...
Some said you are the most precious one... LIE...
Some said they wouldn't have survived without u... LIE....
Life is made of such sweet Lies...
All that matters is, how you faced the time you finally realized those were just lies...
We may ask "wouldn't life be much better without these Lies?"
But in reality,
The times you lived on those big lies were the only times you lived... With LOVE n HOPE... Strange Irony of Life

This poem was nominated by UN as the best poem of 2008, written by an African kid:
Wen I born, I black
Wen I grow up, I black
Wen I go in d sun, I black
Wen I cold, I black
Wen I scared, I black
Wen I sick, I black
Wen I die, I still black
& u white fellow;
Wen u born, u pink
Wen u grow up, u white
Wen u out in sun, u red
Wen u cold, u blue
Wen u scared, u yellow
Wen u sick, u green
Wen u die, u gray
& u cal me Colored??

Meaning of Colors

Starting this week with an interesting perspective to the colors…You may or may not agree with this, however it certainly provides a nice association chart..

Something to Think About…

Death asked Life
Why does everyone loves you and hates me.
Life replied
Because I am a beautiful Lie and you are  painful Truth

Temple is a 6 letter word
Church is a 6 letter word
Mosque is also a 6 letter word
Geeta is a 5 letter word
Bible is a 5 letter word
Quran is also a 5 letter word
So, Religion is not a matter

The love we have only matters
A Lovely Logic for a beautiful Life
Never try to maintain relations in your life
Just try to maintain life in your relations

Always welcome the problems
Because problems give you dual advice
First, you know how to solve it
Second, you know how to avoid it in future

3 stages of Life:
Teen Age – Has time & energy – But no Money
Working Age – Has Money & Energy – But No Time
Old Age – Has Money & Time – But No Energy

We are very good Lawyers for our mistakes
Very good Judge for other’s mistakes

World always say – Find good people and leave bad ones.
But I say, Find the good in people and ignore the bad in them
Because No one is born perfect

A fantastic sentence written on every Japanese bus stop.
Only buses will stop here – Not your time
So Keep walking towards your goal

Negative Thinkers focus on Problems
Positive thinkers focus on Solutions

Never hold your head high with pride or ego.
Even the winner of a gold medal gets his medal only when he bows his head down

Define TODAY
This is an Opportunity to Do A work better than Yesterday

African Saying:
If you want to walk quick, walk alone
If you want to walk far, walk together

Confident Quote:
I have not failed.
My success is just postponed

Entire water in the ocean can never sink a ship
-      Unless it gets inside
-      All the pressures of life can never hurt you unless you let it in

Source – Unknown