Handling big data starts with processing, reduction and fusion before analysis and exploitation can begin. Millions and billions of entities, mainly in structured form, are managed in scalable well designed databases. Connecting together and fusing your numerous sources, in multiple formats using open standards, is one of our specialist areas.
What is big data?
90% of the World’s data has been created in the previous two years. Organisations and businesses of all sizes, from all sectors have data-rich environments, but lack automated information enabled decision making processes.
Gartner defines Big Data as "high-volume, high-velocity and/or high-variety information assets that demand cost-effective, innovative forms of information processing that enable enhanced insight, decision making, and process automation."
Key aspects of big data — the 4Vs
- Volume—the sheer volume of information can be overwhelming. Enterprise data is growing at over 50% per year.
- Variety—multiple sources from disparate systems, in structured and also unstructured forms.
- Veracity—has the information been validated? Is it trustworthy? How accurate is it?
- Velocity—the rate at which new information is received. Processing speed is vital.
The 5th V—Value – finding the value in big data
The organisations and businesses that will master big-data, are those that are value focused. These organisations are looking for actionable information — small nuggets of critical information that directly impact on their value chain.
The borwell team will create an integrated software solution for you. This will exploit your numerous sources of information and provide corresponding automated updates, alarms and alerts to pre-configured business logic and rules. Your solution will be secure by design.