Big data is defined in IT terminology as the collection of the set of data which are so large and compound that the data is really difficult to capture, store, search, share, analyze, or visualize using the tools that are available. Big data will usually appear in the markets all around the world every time there is an attempt to know the trends of a certain business using the available sets of data. There are also other areas where big data can also be found like the different fields of research such as the environment and human genome. The limitations that is a result of the big data will have a significant effect on the business analytics, internet results, and finance markets. It will require a specialized software that is capable of the coordination on a simultaneous parallel processing of thousands of servers in order to precess big data.
You cannot overstress the importance of these large sets of data especially when it comes to the businesses that are operating in times of uncertainty, where the difference between the extinction or survival of the business will depend on the quick processing of market data that will be needed to make a decision. There was an article released about big data and its implication on the different industries in Ireland. The author of the article provided his views about the use of big data by the companies not only in Ireland but also in other parts of the world. The increase on the crisis happening in the Eurozone is one of the reasons why companies in Ireland would rely on the use of big data, according to the article. But the effects caused by the double dip recession happening in Europe will also have an effect on the other markets all across the world. In those cases, it is common for the different companies across the world to rely on the use of big data to gain an edge in the competitive market.
The processing of these large sets of data is beyond the reach of individually operated companies that is why a collaborative frame work will begin to emerge with the companies that are operating in the different sections of analytics and data science process and the sharing of results gathered from such data processing. The smart phones are overtaking the personal computers when it comes to sales nowadays that is why it is expected that big data analytics will be the next rend with European, Asian, and several US companies that are investing in such field. The idea of deep learning and machine learning will be an interest to most of the companies especially in regards to the information integration of data processing. One part of Enterprise Analytics Visualization of data governance are the M2M and IOT. Big data processing will benefit so much from meta-driven integration.