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Big Innovations in Big Data

With the tech industry becoming more advanced, there are several innovations that are set to bring growth across various sectors. From Artificial Intelligence to Data Lake technology, every successful business will have to rely on big data to make in big in the industry! <br>

Ignitec
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Big Innovations in Big Data

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  1. BIG INNOVATIONS IN BIG DATA Herearesomeofthetopnext-gentechnologiesthatarelikelytobeamassivesuccesssoon. EDGE COMPUTING Edgecomputingischanginghowdataishandled, processed, anddeliveredfrombillionsof devicesglobally. TheIoTalsogeneratesmoreinterestinedgecomputing. Unlikecloudcomputinginvariousways, thistechnologymeanscomputingthatisdoneatorin proximitytothedatasource; itdoesn'tmeantheclouddisappearedbutthefactthatthecloudis comingtoyou. Asignificantadvantageofedgecomputingisthatitreducestheamountofdatathatneedstobe transmittedoverthenetwork; therebyreducingthenetworkload, trafficandthusthecosts Anotheradvantageisthatedgecomputingdecreasesthedemandoncloudcomputingcenters, clearingcapacityforotherworkloads, andminimizingthepotentialpointoffailure. WhileitisclearthattheinitialagendaofedgecomputingwastominimizethecostsforIoT devicesoveralongdistance, theriseofreal-timeapplicationswilldriveedge-computing technologyinthecomingyears. STREAMING ANALYTICS Haveyoueverwonderedaboutingesting, processing, andanalyzingeventsinreal-time? Intoday'sfast-pacedworld, speediscrucial; whilethishaspavedthewayforbigdataanalytics services, ithasalsofuelledthegrowthofstreaminganalytics. Streaminganalyticsactsondatainreal-timethroughcontinuoussearchqueries. Itconnectsto externaldatasources, allowingapplicationstointegratedataintoapplicationfloworupdatean externaldatabasewithprocesseddata. ARTIFICIAL INTELLIGENCE ArtificialIntelligence (AI) enablesmachinestolearnfromexperiences, adjusttoinputs, and performtaskslikehumans. Itisallsettotransformbigdataanalyticsbylearningfrompasttasksandleadingtomuchfaster andaccurateresults. AlmosteverysectorhasademandforAI- especiallyquestionansweringsystemthatcanbeused inlegalandpatentassistance, riskmanagement, andmedicalresearch. BLOCKCHAIN Afavoriteamongstfuturisticanalystsandventurecapitalists, blockchaintechnology, underlies theBitcoindigitalcurrency. Itallowsdistributedledgersthatholdimmutabledatainasecureandencryptedway, ensuring thattransactionscannotbealteredordeleted. Notonlythatbuttheblockchainisahighlysecuretechnology, andanexcellentchoiceforbig dataapplicationsinsensitivesectorslikebanking, finance, insurance, health, retail, andothers. Whileblockchaintechnologyisstillinaninfantstage, severalvendors, includingbigger companiesandstartups, haverolledoutsolutionsbuiltonthistechnology. DATA LAKES Wonderingwhatadatalakeis? Itcanbedefinedasastoragerepositorythatholdsalargeamount ofrawdatainitsnativeformat. Dependingonabusinessquestionthatarises, thedatalakecanthenbequeriedforrelevant information. Thesetofdatacanthenbeanalyzedtofindananswertoaparticularquestion. Adatalakeishighlyagileandsupportsvaryinglevelsofinvestments. Addtoit, cheapcostof implementationandscalabilityduetolackofstructure, anditisafeasibletechnologyoptionfor organizations. CREATEDBYIGNITEC

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