2011: A Big Year for Big Data

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Posted by Ramy Ghaly February 03, 2011

During the 2011 NFL playoff TV broadcasts, amid commercials featuring Anheuser-Busch Clydesdales and auto-racing driver Danica Patrick, one ad features an IBM researcher talking about data analytics.

With data volumes moving past terabytes to tens of petabytes and more, business and IT leaders across the board face significant opportunities and challenges from big data. For a large company, big data may be in the petabytes or more; for a small or mid-size enterprise, data volumes that grow into tens of terabytes become “big data”.

In the financial services industry, Fidelity National Information Services (FIS), which sells risk management and fraud detection services to credit card issuers, uses big data analytics to better detect credit card fraud.

Nonetheless, 2011 is shaping up to be a big year for big data.

This summary was made possible by ctrl-news Via The New York Times