Big data—a market that IDC has forecast to surge at a 40 percent compound annual growth rate, from $3.2 billion in 2010 to $17 billion in 2015—presents a formidable new frontier in which data sets can grow so large that they become awkward to work with using traditional database management tools, eWeek reports.
The need for new tools, frameworks, hardware, software and services to handle this emerging issue represents a huge market opportunity. Good big data toolsets provide scalable, high-performance analytics at the lowest cost and in near-real time as business users increasingly demand continuous access to data. By analyzing this data, companies gain greater intelligence as well as a competitive advantage.
Here, John Schroeder, CEO and co-founder of Hadoop and big data specialist MapR
, points out major developments he believes will drive big data to become a must-have infrastructure for large enterprises in 2014—including the promise and challenges SQL has for big data, data security issues stemming from authentication, and Hadoop’s future.