Big Data: Hype or Re­al­ity?

Big data sim­ply means an amount of data so mas­sive that it is dif­fi­cult to han­dle by tra­di­tional meth­ods. In­ter­est­ingly it’s not the amount, vol­ume of data that’s im­por­tant but what or­ga­ni­za­tions do with the data that mat­ters. Big data pro­vides in­sights t

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Big data is cur­rently bleed­ing edge tech­nol­ogy, or some­thing which tech­nol­ogy pro­fes­sion­als want to flaunt on their re­sume. Frankly speak­ing big data along with In­ter­net of Things as of now is a sexy term to de­scribe ex­ist­ing tech­nolo­gies that are ready for adop­tion, us­age and would reach ma­tu­rity. We would be look­ing at big data to un­der­stand whether big data is re­ally big?

In or­der to un­der­stand whether big data is hype or re­al­ity we first need to un­der­stand in a lay­man’s term what is big data and when did it start trend­ing. All folks who work in the tech­nol­ogy in­dus­try are al­ways in­se­cure. And many a times folks who are not from the tech­nol­ogy in­dus­try won­der about the in­se­cu­rity of the tech­nol­ogy in­dus­try folks. Frankly speak­ing this in­se­cu­rity of the tech­nol­ogy in­dus­try folks is due to the con­stant threat of get­ting ob­so­lete (tech­nolo­gies dy­ing down) and be­ing laid off. There are many ways to ex­plain the term big data. As per Wikipedia big data is a term for data sets that are so large 50 www.dqin­dia.com or com­plex that tra­di­tional data pro­cess­ing ap­pli­ca­tions are in­ad­e­quate. In lay­man terms big data sim­ply means an amount of data so mas­sive that it is dif­fi­cult to han­dle by tra­di­tional meth­ods. In­ter­est­ingly it’s not the amount, vol­ume of data that’s im­por­tant but what or­ga­ni­za­tions do with the data that mat­ters. Now that we know what big data is let us go back to some his­tory. Big data is not a re­cent phe­nom­e­non; it has been for quite some time with­out be­ing named big data. In 2012, big data was a fea­tured topic at the World Eco­nomic Fo­rum in Davos, Switzer­land, with a re­port ti­tled “Big Data, Big Im­pact.” The fact that big data had ar­rived was in 2012, when it be­came part of satire in the “Dilbert” comic strip by Scott Adams. “It comes from ev­ery­where. It knows all.” one frame reads, and the next con­cludes that “its name is big data.”

In­ter­est­ingly if you go through his­tory and do some in­ves­ti­ga­tions the first time the word big data was brought up was the year 1998. The fa­ther of the term big data

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