Over the next five years, IT professionals keen on managing a fire hose of data should keep their eyes on these growth drivers for big data management.
With the need to capture and analyze data growing at a phenomenal rate, the global big data management solutions market is expected to soar at a compounded annual growth rate (CAGR) of 12.8% between now and 2021, according to a Forrester Research report.
Driving this growth will be non-relational databases and in-memory data fabric, Jennifer Adams, senior forecast analyst for Forrester, told InformationWeek on Wednesday. She noted the 12.8% growth rate for big data management solutions will also be faster than the rate for traditional data processing solutions.
“Forrester expects non-relational databases to be one of the fastest-growing sectors within big data management solutions. The complexity and richness of data is changing and unstructured data, such as text, tweets, graphs, and video, are an increasingly important source of information,” Adams said.
Non-relational databases are keys tools to manage and search these large and diverse data sets, and within the group NoSQL is forecasted to grow 25% and Hadoop 32.9% annually over the forecast period, she added.
Scaling is built into non-relational databases, in which millions of users and hundreds of terabytes of data can be supported, Adams stated in a blog post on Tuesday. In the post, she noted non-relational databases usually cost only 10% of what a comparable traditional relational database would run.
In assessing when non-relational databases like NoSQL make sense to use, often IT professionals are looking for flexibility and scalability. With NoSQL, an open source and horizontally scalable distributed computing architecture is used.
Hadoop’s software ecosystem, meanwhile, provides a framework that allows users to crunch enormous amounts of data via a massive parallel computing architecture.
Companies are advised to consider taking a slow approach to stretching their data management capabilities, rather than deploying big changes to achieve improvements, according to a separate Forrester report provided to InformationWeek.
One of the suggested steps is to “stretch the technical capability” of data management by enhancing its flexibility and elasticity. The report found that 61% of decision-makers characterized internal unstructured data as important or very important to their company’s overall business strategy.
Some 35% cited externally available unstructured data as important. But, rather surprisingly, more than half of those same decision-makers who were surveyed were only using up to 25% of the available unstructured data to put it to use for insight into their business, according to the report.
This article was originally published on www.informationweek.com can be viewed in full


Archive
- October 2024(44)
- September 2024(94)
- August 2024(100)
- July 2024(99)
- June 2024(126)
- May 2024(155)
- April 2024(123)
- March 2024(112)
- February 2024(109)
- January 2024(95)
- December 2023(56)
- November 2023(86)
- October 2023(97)
- September 2023(89)
- August 2023(101)
- July 2023(104)
- June 2023(113)
- May 2023(103)
- April 2023(93)
- March 2023(129)
- February 2023(77)
- January 2023(91)
- December 2022(90)
- November 2022(125)
- October 2022(117)
- September 2022(137)
- August 2022(119)
- July 2022(99)
- June 2022(128)
- May 2022(112)
- April 2022(108)
- March 2022(121)
- February 2022(93)
- January 2022(110)
- December 2021(92)
- November 2021(107)
- October 2021(101)
- September 2021(81)
- August 2021(74)
- July 2021(78)
- June 2021(92)
- May 2021(67)
- April 2021(79)
- March 2021(79)
- February 2021(58)
- January 2021(55)
- December 2020(56)
- November 2020(59)
- October 2020(78)
- September 2020(72)
- August 2020(64)
- July 2020(71)
- June 2020(74)
- May 2020(50)
- April 2020(71)
- March 2020(71)
- February 2020(58)
- January 2020(62)
- December 2019(57)
- November 2019(64)
- October 2019(25)
- September 2019(24)
- August 2019(14)
- July 2019(23)
- June 2019(54)
- May 2019(82)
- April 2019(76)
- March 2019(71)
- February 2019(67)
- January 2019(75)
- December 2018(44)
- November 2018(47)
- October 2018(74)
- September 2018(54)
- August 2018(61)
- July 2018(72)
- June 2018(62)
- May 2018(62)
- April 2018(73)
- March 2018(76)
- February 2018(8)
- January 2018(7)
- December 2017(6)
- November 2017(8)
- October 2017(3)
- September 2017(4)
- August 2017(4)
- July 2017(2)
- June 2017(5)
- May 2017(6)
- April 2017(11)
- March 2017(8)
- February 2017(16)
- January 2017(10)
- December 2016(12)
- November 2016(20)
- October 2016(7)
- September 2016(102)
- August 2016(168)
- July 2016(141)
- June 2016(149)
- May 2016(117)
- April 2016(59)
- March 2016(85)
- February 2016(153)
- December 2015(150)