Mirror, Mirror on the Wall, Who's the Prettiest BI Tool of All? Impressions from the Gartner BI Bake Off.

| April 11, 2016

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For the average BI and analytics platform buyer all tools look the same. We hear it almost every day.  They all provide a list of data connectors covering most common sources, feature a bar and line chart with drill down capabilities, assure there is data security and promise ease of use so even a non-technical user can build the most complex data models and analysis.

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Innovizant LLC

Innovizant is rapidly growing data and analytics company with specializations in Big Data, Data Science, and Data Visualizations. Our goal is simple, growing your business with data. We are passionate about every single step in our work, from making winning business strategy to performance measurement, and our team is highly experienced in financial services addressing revenue growth transformation programs using data and analytics.

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7 Data Storage Trends You Cannot Miss in a Data Center

Article | July 23, 2020

Contents: 1 Introduction 2 Top Data Storage Trends That Simplify Data Management 2.1 AI Storage Continues to be The Chief 2.2 Price Markdown in Flash Storage 2.3 Hybrid Multi Cloud for The Win 2.4 Increased Significance of Software-Defined Storage 2.5 Non-Volatile Memory Express (NVMe) Beats Data Center Fabrics 2.6 Acceleration of Storage Class Memory 2.7 Hyperconverged Storage – A Push to Edge Computing 3 The Future of Data Storage 1. Introduction There’s more to data than just to store it. Organizations not only have the responsibility of dealing with a plethora of data, but are also anticipated of safeguarding it. One of the primary alternatives that enterprises are indulging in to keep up with the continuous data expansion is data storage entities and applications. A recent study conducted by Statista revealed that worldwide spending on data storage units is expected to exceed 78 billion U.S. dollars by 2021. Going by these storage stats, it can be certainly said that data is going to be amplified at a much faster rate, and companies do not have a choice but to be geared up for a data boom and still be relevant. When it comes to data management/storage, information technology has risen to all its glory with concepts like machine learning. While the idea of such profound approaches is thrilling, the real question boils down to whether organizations are ready as well as equipped enough to handle them. The answer to this might be NO. But, can companies make changes and still thrive? Most definitely, YES! To make this concept more understandable, here is a list of changes/trends that companies should adopt to make data storage a lot more easy and secure. 2. Top data storage trends that simplify data management Data corruption is one big issue that most companies face. The complications that unfold further because of the corruption of data are even more complicated to resolve. To fix this and other such data storage problems, companies have come up with trends that are resilient and flexible. These trends have the capability of making history in the world of technology, so, you better gear up to learn and later adapt to them. 2.1 AI storage continues to be the chief The speed with which AI hit the IT world just doesn’t seem to slow down even after all these years. We say this because, amongst all other concepts that were and are constantly being introduced, artificial intelligence is one applied science that has made the most amount of innovations. To further add to this, AI is now making enterprise data storage process easier with its various subsets like machine learning and deep learning. This technology is helping companies in accumulating multiple layers of data in a more assorted format. It is automating IT storages including data migrating, archiving, protecting, etc. With AI, companies will be able to control data storage across multiple locations and storage platforms. 2.2 Price markdown in Flash storage As per a report by Markets and Markets, the overall All-Flash Array Market was valued at USD 5.9 billion in 2018 and is expected to reach USD 17.8 billion by 2023, at a CAGR of 24.53% during this period. This growth only states that the need for all-flash storage is only going to broaden. Flash storage has always been a choice that most companies stayed away from mainly because of the price. But with this new trend of adopting flexible data storage ways coming in, flash storage has been offered at a much-depreciated price. The drop in the cost of this storage technology will finally enable businesses of all sizes to invest in this high-performance solution. READ MORE: HOW BUSINESS ANALYTICS ACCELERATES YOUR BUSINESS GROWTH 2.3 Hybrid multi cloud for the win With data growing every minute, just a “cloud” strategy will not be enough. In this wave of data storage services, hybrid multi-cloud is one concept that is helping manage off-premises data. With this growing concept, IT authorities will be able to collect, segregate and store, on-premises, and off-premises data in a much-sophisticated manner. This will enable in centrally managing while reducing the effort of data storage by automating policy-based data placement across a hybrid of multi-cloud and storage types. 2.4 Increased significance of software-defined storage More the data, less reliability on hardware devices – this is the growing attitude of most companies. This fear certainly has the possibility of becoming a reality. Hence, an addition to the cybersecurity strategy that companies can make is adopting software-defined storage. This approach of data storage disconnects the underlying physical storage hardware. It is programmed in a way that can function on policy-based management of resources, automated provision, and computerized storage capacity reassignment. Due to the automated function, scaling up and down of data is also faster. Some of the biggest advantages of this trend will be the governance, data protection, and security it will provide to the entire loop. 2.5 Non-Volatile Memory Express (NVMe) beats data center fabrics NVMe – as ornate as the name sounds, is a concept that is freshly introduced with the aim of making data storage simpler. Non-Volatile Memory Express is a concept that enables accessibility of high-speed storage media. It is a protocol that is showing great results in a short amount of time of its inception. NVMe not only increases the performance value of existing applications, but also enables new applications to real-time workload processing. This feature of high performance and low latency is surely a highlight of the concept. All in all, this entire trend seems to have a lot of potential that are yet to be explored. READ MORE: HOW TO MAXIMIZE VALUE FROM DATA COLLECTED FOR BUSINESSES SUCCESS 2.6 Acceleration of storage class memory Storage class memory is a perfect combination of flash storage and NVMe. This is because it perfectly fills in the gap between server storage and external storage. As data protection is one of the major concerns of enterprises, this upcoming trend, does not only protect data but also continually stores and improves it for easier segregation. A clear advantage that storage class memory has over flash and NVMe storages is that it provides memory-like byte-addressable access to data thus reducing piling up of irrelevant data. Another benefit of this trend is that it indulges in deeper integration of data for ensuring high performance and top-level data security. 2.7 Hyperconverged storage – a push to edge computing The increased demand for hyper converged storage is a result of the growth of hybrid cloud and software-defined infrastructure. Besides these technologies, its suitability for retail settings and remote offices is add on to its already existing set of features. It’s the capability of capturing data from a distance also enables cost-effectiveness and scales down the need to store everything on a public cloud. Hyper converged storage if used in its true essence can simplify IT operations and data storage for enterprises of all sizes. 3. The future of data storage According to the Internet World Stats, more than 4.5 billion internet users around the world relentlessly create an astronomical amount of data. This translates to propel companies into discovering methods or applications that help them store this data safe from harmful ransomware attacks and still use it productively for their advantage. One of the prime changes that can be estimated about the future of data storage is that companies will have to adapt to the rapid changes, and mould their process to enable quick and seamless storage of data. Another enhancement would be that IT managers and responsible authorities would have to be updated and proactive at all times to know what data storage has been newly introduced, and how it can be used for the company’s advantage. Here’s a thing, amongst all the research that enterprises are conducting, not all data storage technologies will end up becoming a hit, and will fulfil the specification of high-speed storage. But, looking at all the efforts that researchers are taking, we don’t think they are going to stop any sooner and neither is the augmentation of data!

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HOW THE CORONAVIRUS (COVID-19) MIGHT BE STOPPED BY DATA SCIENCE

Article | July 23, 2020

We know that data and analytics play a role in everyday products from recommendations on what music we might like to hear to automated re-routing by our GPS system. But how might the power of analytics be brought to bear on a disease that is currently threatening the health and economic welfare of people across the globe?If we rewind the clock to the 1850s, there are two significant examples of how early pioneers in data science made incredible impacts on the world that can provide some insight into what we might see happen next.

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The case for hybrid artificial intelligence

Article | July 23, 2020

Deep learning, the main innovation that has renewed interest in artificial intelligence in the past years, has helped solve many critical problems in computer vision, natural language processing, and speech recognition. However, as the deep learning matures and moves from hype peak to its trough of disillusionment, it is becoming clear that it is missing some fundamental components.

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BIG DATA MANAGEMENT

Exploiting IoT Data Analytics for Business Success

Article | July 23, 2020

The Internet of Things has been the hype in the past few years. It is set to play an important role in industries. Not only businesses but also consumers attempt to follow developments that come with the connected devices. Smart meters, sensors, and manufacturing equipment all can remodel the working system of companies. Based on the Statista reports, the IoT market value of 248 billion US dollars in 2020 is expected to reach a worth of 1.6 Trillion USD by 2025. The global market is in the support of IoT development and its power to bring economic growth. But, the success of IoT without the integration of data analytics is impossible. This major growth component of IoT is the blend of IoT and Big Data - together known as IoT Data Analytics. Understanding IoT Data Analytics IoT Data Analytics is the analysis of large volumes of data that has been gathered from connected devices. As IoT devices generate a lot of data even in the shortest period, it becomes complex to analyze the enormous data volumes. Besides, the IoT data is quite similar to big data but has a major difference in their size and number of sources. To overcome the difficulty in IoT data integration, IoT data analytics is the best solution. With this combination, the process of data analysis becomes cost-effective, easier, and rapid. Why Data Analytics and IoT Will Be Indispensable? Data analytics is an important part of the success of IoT investments or applications. IoT along with Data analytics will allow businesses to make efficient use of datasets. How? Let’s get into it! Impelling Revenue Using data analytics in IoT investments businesses will become able to gain insight into customer behavior. It will lead to the crafting offers and services accordingly. As a result, companies will see a hike in their profits and revenue. Volume The vast amount of data sets that are being used by IoT applications needs to be organized and analyzed to obtain patterns. It can easily be achieved by using IoT analytics software. Competitive Advantage In an era full of IoT devices and applications, the competition has also increased. You can gain a competitive advantage by hire developers that can help with the IoT analytics implementations. It will assist businesses in providing better services and stand out from the competition. Now the next question arises: Where is it being implemented? Companies like Amazon, Microsoft, Siemens, VMware, and Huawei are using IoT data analytics for product usage analysis, sensor data analysis, camera data analysis, improved equipment maintenance, and optimizing operations. The Rise of IoT Data Analytics With the help of IoT Data Analytics, companies are ready to achieve more information that can be used to improve their overall performance and revenue. Although it has not reached every corner of the market yet, it is still being used for making the workplace more efficient and safe. The ability to analyze and predict data in real-time is definitely a game-changer for companies that need all of their equipment to work efficiently all the time. It is continuously growing to provide insights that were never possible before.

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Spotlight

Innovizant LLC

Innovizant is rapidly growing data and analytics company with specializations in Big Data, Data Science, and Data Visualizations. Our goal is simple, growing your business with data. We are passionate about every single step in our work, from making winning business strategy to performance measurement, and our team is highly experienced in financial services addressing revenue growth transformation programs using data and analytics.

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