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Top 10 Big Data trends of 2020

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Top 10 Big Data trends of 2020

By Priya Dialani

During the last few decades, Big Data has become an insightful idea in all the significant technical terms. Additionally, the accessibility of wireless connections and different advances have facilitated the analysis of large data sets. Organizations and huge companies are picking up strength consistently by improving their data analytics and platforms.

2019 was a major year over the big data landscape. In the wake of beginning the year with the Cloudera and Hortonworks merger, we’ve seen huge upticks in Big Data use across the world, with organizations running to embrace the significance of data operations and orchestration to their business success. The big data industry is presently worth $189 Billion, an expansion of $20 Billion more than 2018, and is set to proceed with its rapid growth and reach $247 Billion by 2022.

It’s the ideal opportunity for us to look at Big Data trends for 2020.

Chief Data Officers (CDOs) will be the Center of Attraction

The positions of Data Scientists and Chief Data Officers (CDOs) are modestly new, anyway, the prerequisite for these experts on the work is currently high. As the volume of data continues developing, the requirement for data professionals additionally arrives at a specific limit of business requirements.

CDO is a C-level authority at risk for data availability, integrity, and security in a company. As more businessmen comprehend the noteworthiness of this job, enlisting a CDO is transforming into the norm. The prerequisite for these experts will stay to be in big data trends for quite a long time.

Investment in Big Data Analytics

Analytics gives an upper hand to organizations. Gartner is foreseeing that organizations that aren’t putting intensely in analytics by the end of 2020 may not be ready to go in 2021. (It is expected that private ventures, for example, self-employed handymen, gardeners, and many artists, are excluded from this forecast.)

The real-time speech analytics market has seen its previously sustained adoption cycle beginning in 2019. The idea of customer journey analytics is anticipated to grow consistently, with the objective of improving enterprise productivity and the client experience. Real-time speech analytics and customer journey analytics will increase its popularity in 2020.

Multi-cloud and Hybrid are Setting Deep Roots

As cloud-based advances keep on developing, organizations are progressively liable to want a spot in the cloud. Notwithstanding, the process of moving your data integration and preparation from an on-premises solution to the cloud is more confounded and tedious than most care to concede. Additionally, to relocate huge amounts of existing data, organizations should match up to their data sources and platforms for a little while to months before the shift is complete.

In 2020, we hope to see later adopters arrive at a conclusion of having multi-cloud deployment, bringing the hybrid and multi-cloud philosophy to the front line of data ecosystem strategies.

Actionable Data will Grow

Another development concerning big data trends 2020 recognized to be actionable data for faster processing. This data indicates the missing connection between business prepositions and big data. As it was referred before, big data in itself is futile without assessment since it is unreasonably stunning, multi-organized, and voluminous. As opposed to big data patterns, ordinarily relying upon Hadoop and NoSQL databases to look at data in the clump mode, speedy data mulls over planning continuous streams.

Because of this data stream handling, data can be separated immediately, within a brief period in only a single millisecond. This conveys more value to companies that can make business decisions and start processes all the more immediately when data is cleaned up.

Continuous Intelligence

Continuous Intelligence is a framework that has integrated real-time analytics with business operations. It measures recorded and current data to give decision-making automation or decision-making support. Continuous intelligence uses several technologies such as optimization, business rule management, event stream processing, augmented analytics, and machine learning. It suggests activities dependent on both historical and real-time data.

Gartner predicts more than 50% of new business systems will utilize continuous intelligence by 2022. This move has begun, and numerous companies will fuse continuous intelligence during 2020 to pick up or keep up a serious edge.

Machine Learning will Continue to be in Focus

Being a significant innovation in big data trends 2020, machine learning (ML) is another development expected to affect our future fundamentally. ML is a rapidly developing advancement that used to expand regular activities and business processes

ML projects have gotten the most investments in 2019, stood out from all other AI systems joined. Automated ML tools help in making pieces of knowledge that would be difficult to separate by various methods, even by expert analysts. This big data innovation stack gives faster results and lifts both general productivity and response times.

Abandon Hadoop for Spark and Databricks

Since showing up in the market, Hadoop has been criticized by numerous individuals in the network for its multifaceted nature. Spark and managed Spark solutions like Databricks are the “new and glossy” player and have accordingly been picking up a foothold as data science workers consider them to be as an answer to all that they disdain about Hadoop.

However, running a Spark or Databricks work in data science sandbox and then promoting it into full production will keep on facing challenges. Data engineers will keep on requiring more fit and finish for Spark with regards to enterprise-class data operations and orchestration. Most importantly there are a ton of options to consider between the two platforms, and companies will benefit themselves from that decision for favored abilities and economic worth.

In-Memory Computing

In-memory computing has the additional advantage of helping business clients (counting banks, retailers, and utilities) to identify patterns rapidly and break down huge amounts of data without any problem. The dropping of costs for memory is a major factor in the growing enthusiasm for in-memory computing innovation.

In-memory innovation is utilized to perform complex data analyses in real time. It permits its clients to work with huge data sets with a lot more prominent agility. In 2020, in-memory computing will pick up fame because of the decreases in expenses of memory.

IoT and Big Data

There are such enormous numbers of advancements that expect to change the current business situations in 2020. It is hard to be aware of all that, however, IoT and digital gadgets are required to get a balance in big data trends 2020.

The function of IoT in healthcare can be seen today, likewise, the innovation joining with gig data is pushing companies to get better outcomes. It is expected that 42% of companies that have IoT solutions in progress or IoT creation in progress are expecting to use digitized portables within the following three years.

Digital Transformation Will Be a Key Component

Digital transformation goes together with the Internet of Things (IoT), artificial intelligence (AI), machine learning and big data. With IoT connected devices expected to arrive at a stunning 75 billion devices in 2025 from 26.7 billion presently, it’s easy to see where that big data is originating from. Digital transformation as IoT, IaaS, AI and machine learning is taking care of big data and pushing it to regions inconceivable in mankind’s history.

Source: https://www.fintechnews.org/top-10-big-data-trends-of-2020/

Big Data

Certifications To Drive Your Big Data Professional Career

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In the modern age, one of the most valuable assets a business possesses is the data it generates. Business data is an unparalleled source to derive a competitive advantage over other businesses operating within your niche or industry segment. It is so valuable, that businesses spend billions each year on data security and privacy measures, both to protect their customers as well as the valuable data itself.
However, raw data in itself does not offer much value. Given the large volumes of data that businesses produce on a daily basis, simply managing it can be a huge task, let alone analyzing it to draw the correct conclusions. This is where big data professionals come in.

 

How to Become a Certified Big Data Professional?

The larger a business is, the more data it likely generates. For enterprise-level businesses, this data can become so extensive that simple inference tools aren’t enough to draw valuable information from it. The vast quantities of data are full of hidden trends, process efficiency indicators, sales volume fluctuation, and even customer behavior. However, for an average-Joe, it may be virtually impossible to use it in a significant way. After all, it’s not as simple as figuring out how to get Spectrum TV.

But a certified big data professional has all the expertise and knowledge needed to make constructive use of the data that businesses accumulate. This is one of the reasons why data scientists are in such demand in the business world. Using sophisticated statistical and analytical techniques, big data professionals are able to correctly predict trends and identify areas of improvement. This helps businesses improve their overall process efficiency and position themselves to take advantage of emerging trends. If you’re thinking of dipping into the big data profession, here are a few certifications that will prove useful along the way:

1. Microsoft MCSE Data Management and Analytics.

2. Cloudera Data Professional Certification

3. Hortonworks Hadoop

4. EMC Data Science and Big Data Analytics

Here’s how these certifications can help you get closer to your goal of becoming a successful big data professional.

 

Microsoft MCSE Data Management and Analytics

Microsoft is one of the oldest and most iconic tech companies in modern history. So it makes sense that they have developed specialized tools and certifications to help professionals who work with big data in a business setting. The company’s MCSE program is designed to help individuals become proficient at using various Microsoft tools and software. Successfully completing the program means you become a certified big data professional in terms of:

  • SQL database administration.
  • Development
  • Machine learning.
  • Business intelligence reporting.

The program hones your skills so you can have demonstrable expertise in SQL, building data solutions for large-scale enterprises, and deriving intelligence from business data. Any tech-savvy employer will jump at the chance to add you to their team.

 

Cloudera Data Professional Certification

If you want to learn how to create and work on big data pipelines, the Cloudera certification is something you should seriously consider. The company has established itself as an authority on Hadoop, and getting certified by it is one of the most useful endorsements you can have in the big data profession. It lists a range of certifications that offer proficiency in Apache Spark, Hadoop Development, and Hadoop Administration.

Hortonworks Hadoop

Speaking of authorities in the Hadoop domain, Hortonworks is a commercial vendor that has been offering customized Hadoop tools and solutions to enterprises for some time now. These services have a broad range of applications in data management and intelligence. The company now also offers various certifications for Hadoop, including Hadoop development and administration as well as Spark development among others. The certification is great for building your skillset in:

  • Data ingestion.
  • Data transformation.
  • Analyzing big data.

 

EMC Data Science and Big Data Analytics

EMC offers certifications designed to build and increase proficiency in various specific aspects of the Hadoop environment. It covers a variety of bases, including Pig, Hive, and HBase. It also pays a lot of attention to delivering knowledge on data visualization, NLP, and even logistic regression. In addition, the certification will grant you proficiency in data analytics, data science roles, building complex data models, and evaluating it for results.

Big data professionals are needed by virtually every enterprise-level firm in the world. They are needed to analyze complex information, from measuring customer satisfaction ratios on the Spectrum cable phone number to identifying process inefficiencies in manufacturing. With an increased dependency on data to outperform and outclass the competition, businesses are willing to pay handsomely for this niche skillset. A professional certification can greatly increase your chances of getting lucrative employment in the field.

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Big Data

Teen banking app Step reaches for the stars to raise $50 million

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By Anna Irrera

LONDON (Reuters) – Teen banking app Step has raised $50 million (37.4 million pounds) from investors led by Coatue Management alongside celebrities such as singer Justin Timberlake, influencer Charli D’Amelio and former quarterback Eli Manning.

Step, which offers teenagers a bank account connected to a secured spending card and peer-to-peer payments, also said it had secured funding from existing backers including Stripe, Will Smith’s Dreamers VC, CrossLink Capital and Collaborative Fund.

San Francisco-based Step allows parents to view balances and real-time activity, add money to their teens’ accounts and manage and freeze cards. It does not charge fees but makes money from card interchange.

Other stars involved in the fundraising included The Chainsmokers, Kelvin Beachum, Larry Fitzgerald and Andre Iguodala, Step said in a statement on Wednesday.

The startup, which has attracted more than 500,000 users since launching two months ago, will use the funding to grow the team and invest in its technology, its chief executive CJ MacDonald told Reuters in a video call.

“We are making sure we are building scalable solutions and are able to handle the growth,” MacDonald said.

Step is one of several new banking apps focused on children and teens in the U.S., as companies seek to capitalise on a global surge in digital payments and ecommerce. It rivals products from companies including Greenlight, Copper and JPMorgan Chase & Co.

Such companies say they aim to make it easier for parents and their children to transact in an increasingly cashless economy, while providing more modern financial education tools.

“As a person who hasn’t always had financial stability, and made many mistakes in that arena as a young man, I know the importance of financial education and having access to economic platforms that can work for everyone,” Smith, who is a co-founder of Dreamers VC, said in a statement.

(Reporting by Anna Irrera; Editing by Alexander Smith)

Image Credit: Reuters

Source: https://datafloq.com/read/teen-banking-app-step-reaches-stars-raise-50-million/10977

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Intel’s Habana starts to chip away at Nvidia in cloud with AWS deal

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By Steven Scheer

JERUSALEM (Reuters) – Intel Corp’s Habana Labs business said on Wednesday it would take time to gain market share from Nvidia in cloud and data centre computing but its deal this week with Amazon Web Services (AWS) was a solid first step.

Intel in December bought Israel-based artificial intelligence firm Habana for about $2 billion, seeking to expand its AI portfolio to bolster its data-centre business.

Habana’s Gaudi AI training processor, launched in June 2019, has faster processing speeds to compete with similar products from Intel rival Nvidia.

“We have to realise that we’re starting from zero and Nvidia is 100%,” said Eitan Medina, Habana’s chief business officer, who said that having AWS as its first customer was very important.

“The uphill battle or the process of taking market share has to go through convincing end developers to try it out,” he told reporters. “We are making the dent at the most important place. We’re starting with a very big guy that has the longest experience … It will take time but I believe we’re on the right path.”

Medina declined to comment on whether Habana was negotiating other deals.

Habana on Tuesday said its Gaudi processors will power AWS’s Amazon Elastic Compute Cloud “instances” for machine learning workloads, in Habana’s first deal for its Gaudi chips.

Amazon is seeing growing demand for its cloud tools during the coronavirus pandemic. These chips, Intel said, would give 40% better price performance than current graphics processing.

Medina said that the advantages of Gaudi AI chips were efficiency and allowing for lower capital and operating expenses that in turn could give AWS and others the ability to lower prices for customers for server time.

“We are now starting so it will depend on the combination of how we will execute and how important is it for users to lower their cost and to have alternatives to GPUs (graphics processing units),” Medina said. “Our total available market is 100% of AI.”

(Reporting by Steven Scheer. Editing by Jane Merriman)

Image Credit: Reuters

Source: https://datafloq.com/read/intels-habana-starts-chip-away-nvidia-cloud-aws-deal/10976

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U.S judge hearing Google case rejects government’s protective order request

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WASHINGTON (Reuters) – The federal judge hearing the U.S. Justice Department’s antitrust lawsuit against Alphabet’s Google urged the government on Wednesday to narrow the definition of “highly sensitive” information as he considered arguments on which of Google’s lawyers would be able to see evidence produced by other companies.

U.S. District Judge Amit Mehta asked the two sides to produce a revised protective order by Dec. 14 while companies, like Apple Inc or AT&T Inc, which produced the information, would have until Dec. 15 to file on the matter.

The Justice Department, which sued the search and advertising giant in October, put at the core of its antitrust case the billions of dollars that Google paid to be the default search engine on Apple’s iPhones. Apple noted in its filing that sensitive data was used to write the complaint.

(Reporting by Diane Bartz; editing by Jonathan Oatis)

Image Credit: Reuters

Source: https://datafloq.com/read/us-judge-hearing-google-case-rejects-governments-protective-order-request/10975

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