Scott Koegler

Scott Koegler

Scott Koegler is Executive Editor for Big Data & Analytics Tech Brief

Are You Adjusting Your Big Data Strategies for 2021?

 Unlike decades ago, big data is no longer just a buzzword. It has come off age and is now revolutionizing workplace and businesses. According to a report by Forester Research, almost 40% of organizations are implementing and expanding big data technology adoption. Regardless of its standing, a business that lacks a clear and holistic data strategy that dictates its long term strategies lacks a competitive edge and is likely to fall behind in the current business environment. Similarly, failure to adjust your big data strategies will lead to challenges.

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Big Data Challenges Are Not Going Away in 2021

2020 was a year with so many domestic and global challenges. But the big data industry seems to have grown, even more, gaining more force moving into 2021. The growth in this area was occasioned by the rise in online activities due to the pandemic. As we start a new year, big data is expected to grow even more to heights never experienced before. Despite the growth, many challenges should be expected in 2021. Here are some of the 2020 big data challenges that are not likely to go away in 2021:

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Look for These Changes This Year

Unlike two decades ago, big data is no longer just a buzzword but a technology that promises to change many industries. The big data concept has become widespread due to its influence on other sectors and the AI industry's financial growth. As companies and businesses continue gaining strength each year by increasing their data analytics platforms, the industry is expected to be worth more than $100 billion by 2023. According to a survey, an average person is expected to generate more than 1.7 megabytes of data per second this year. Seeing the critical nature of big data in businesses' day-to-day operations makes it crucial to know the possible trends.

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