What is Big Data? [Master Data Management, Analytics, IoT, and Data Migration] HD

What is Big Data? [Master Data Management, Analytics, IoT, and Data Migration]
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What is Big Data? [Master Data Management, Analytics, IoT, and Data Migration].

Big data is one of the most talked about and most important aspects of digital transformation. With a proliferation of technologies comes a proliferation of data that has to be managed. In this video I’ll explain what big data is and how it can apply to your organization.
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TOP 10 ERP SYSTEMS RANKING: www.thirdstage-consulting.com/the-top-10-erp-systems-for-2020/

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GUIDE TO ORGANIZATIONAL CHANGE MANAGEMENT: resource.thirdstage-consulting.com/the-definitive-guide-to-erp-hcm-organizational-change-management

20 LESSONS FROM 1,000 ERP IMPLEMENTATIONS: resource.thirdstage-consulting.com/lessons-from-1000-erp-implementations-ebook

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Nav AK
13:50
Thank you for the insights Eric.

Key takeaways:

BIG DATA:
Structured( Traditional FI, ERP etc) and Unstructured data.( Social media, IOT data etc)
Additional piece of info from my side: Structured data is typically stored in SQL DB, and unstructured mostly makes use of No SQL.

Lately, NewSQL is also being talked about for Unstructured data.

BI | ML
Tools to decipher the data and draw from the data for making sense of the data such as predictive analysis.

Processing:

Faster real time processing of data.
Example SAP HANA.
( additional info: Hadoop and Mapreduce are the key technologies with NoSQL database and in future technologies like Quantum computing would be the one to look out for)

Integration:

Architecture to ensure data flow to and fro. Apart from technology its also important to factor in the human behaviour.

Eventually with so much data, data privacy, security policies ( Zero trust architecture perhaps)plays a key role in Digital Transformation.

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