Trend Analysis - Big Data

Hewlett Packard Enterprise is a leading provider of enterprise technology solutions. The Company’s segments include: Enterprise Group, Software and Financial Services. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional Information Technology (IT).

- Som Satsangi

Businesses across the board are in the midst of unprecedented change. More often we see that organizations who are successful at navigating this change, are the ones who manage to extract and use data and applications as a competitive advantage. The IT industry is changing rapidly as cloud and mobile technologies becoming more prevalent. Data collection and the use of increasing amount of data has accelerated decision making. IDC estimates that by 2020, business transactions on the internet—B2B and B2C—will reach 450 billion per day. Moreover, the volume of data from sources like video, audio, images, messaging, social media, transactional data, machine generated data, online archiving and many other sources are expected to reach 40 Zetabytes by the year 2020.

The challenge for enterprises in this environment is to analyze and mine these growing collections of Big Data to unlock the insights that will allow them to streamline their operations and reduce costs, target products and services more efficiently and effectively to customers who need them and build the next generation of products and services to satisfy unmet needs ahead of competition.