451 Advisors Big Data | WisdomPlexus

451 Advisors Big Data

This report provides an overview of the available offerings and adoption trends, driven by a customer perspective generated

Published By - WisdomPlexus

The Cloud-Based Approach to Achieving Business Value From Big Data

451 Research defines big data as the realization of new business intelligence insights driven by the fact that it is now more economically feasible to store and process data that was previously ignored due to the cost and functional limitations of traditional data management technologies.

Ongoing developments in cloud computing are rapidly moving the promise of deriving business value from big data into reality. With billions of devices globally already streaming data, forward-leaning companies have begun leveraging the cloud to harvest big benefits from this data storm.

These benefits include faster time to market of products and services; lower total cost of ownership (TCO) and reduced management overhead costs compared to on-premises infrastructure; and more agile application development. 451 Research conducted in-depth interviews with six organizations to examine their cloud-based adoption efforts and the various tools and services they use. These interviews unearthed several important factors that can be useful to other organizations seeking to generate actionable business insights.

Benefits of 451 Research in-depth analysis

  • A broad array of organizations can realize the benefits of big data. Also, in this report alone, the enterprises interviewed represent a
    variety of industries: a mobile technology analytics platform provider; a mobile application platform provider; a financial services
    regulator; a technology consultancy; a marketing strategy firm; and a mainstream financial services firm.
  • Underpinning all these early successful efforts to gain business value from big data is the ability to capture, store and process
    cloud data far less expensively than could ever be done in on-premises environments. This has allowed users to take advantage of
    advanced analytics techniques, especially the ability to analyze unstructured data to exploit the companies’ stored information.
  • Remarkably, after relatively brief forays into cloud-based utilization of big data, some organizations find that this move is not just
    incremental to the business, but rather, it becomes the heart of the business.
  • Benefits of cloud-based big data are often measureable. Consequently, in one organization, data queries to the cloud showed an impressive 400-fold improvement over on-premises-based queries. Another company witnessed the time to execute a business-critical risk threat analysis drop from 6-9 months to a week or less – a 98% improvement over on-premises systems.

Hence, this report provides an overview of the available offerings and adoption trends, driven by a customer perspective generated from direct interaction with enterprise stakeholders and decision-makers.

You may also like to Read:
The Definitive Guide to AIOps

Download the complete Resource:

I would like to receive communications from WisdomPlexus and consent to the processing of the personal data provided above in accordance with and as described in the privacy policy.