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10 big data trends changing the face of business | Wyly Wade
Big data is slowly but surely changing the way companies do business. "There are different use cases in every industry," says Ron Bodkin, CEO and founder of big data consulting firm Think Big. "Big data is unlocking an ability to work with data that has been stressed for a long time. There's been a lot of pent-up demand." Machine data and the Internet of Things Takes Center Stage Compound applications that combine data sets to create value There's an explosion of innovation built on open source big data tools Companies taking a proactive approach to identifying where big data can have an impact There are more actual production big data projects Large companies are increasingly turning to big data Most companies spend very little, a few spend a lot Investments are geared toward generating and maintaining revenue The greatest ROI of big data is coming from the logistics and finance functions The biggest challenges are as much cultural as technological