As far as business trends go, few have had as big of an impact as big data. Thanks to recent advances in big data analytics, companies of all sizes now have the same opportunity to gather data, study it, and figure out the best ways to use it for growing their businesses. As a result, more companies than ever before are using big data, but as exciting as this prospect is, the results have been mixed.
Technology is essential for businesses that want to gain an edge over competitors in today’s world. Computers and the Internet have now brought in a new era that relies on data to make profitable business decisions in the competitive environment. However, many business owners neglect to take advantage of these new technologies because they believe that they are only available to large corporations.
Entrepreneurs and startups operate within a David versus Goliath environment. With small budgets, limited staff and inexperience, they somehow have to find a way to make a name for themselves, and compete against much bigger organizations. Big data offers many promises in a number of different industries, but does it have the ability to help small businesses?
For small business owners of SAAS companies, compliance with international safety standards is often manifested in three basic tasks i.e. identifying users and granting access privileges to those users; identifying sensitive data assessing where the data is stored and how it is encrypted; and documenting this information in an easy-to-understand format for auditors or SAAS regulating authorities.
From business to employee relations, as an organization, you have a lot on your plate. The one item that should never be ignored is security threats surrounding your IT organization. Hackers are learning new ways to infiltrate systems and steal valuable organizational information every day. It seems that no organization is safe, even the big guys are getting hit with terrible cyber attacks. The work you produce is too valuable to be stolen and it’s necessary to be one step ahead in the game by knowing what you’re up against.
There have been a slew of subscription based startups as of late. One may think its pretty simple, someone places an order and you ship it out, DONE! Seems simple enough. Drop something off and away off it goes. However, behind the scenes, there is a large network of players involved in getting even the simplest of packages from one location to another.
Discoveries of other security threats like the POODLE attack, BEAST, and the gotofail flaw only increased anxiety levels. As a response to the growing fears over internet security, Google released a new network security tool in November called nogotofail, the goal being a safer internet for everyone.
Whether you know it or not, you’re in the data business. As our lives continue to migrate to the Internet – combined with 5 billion mobile phones by 2017 – we’re producing a constant stream of digital exhaust. In fact, 90% of the world’s stored data has been produced within the last two years, and this data footprint continues to double each year. The result is a rapid expansion of data, and we’re witnessing the “Big Bang of the dataverse,” which is truly the next new frontier.