Editor’s Note: The article below provides further evidence of the need to make an effective business case for investments in Big Data projects. Unless such business cases are effectively made, investments in Big Data will lag harmining economic growth.
From: CIO
Most CIOs say big data technologies will become mainstream in three years, but they struggle to get funding and to find the data scientists they need
Tom Soderstrom, CTO of NASA’s Jet Propulsion Laboratory (JPL), has a few big data initiatives under way but needs a highly skilled staff to make them work.
Soderstrom says he’s forming a group of data scientists to manage high volumes of unstructured data. “They need to know programming, statistics, and how you visualize and communicate data,” he says, “and most of all, how to understand the domain of that data.”
Like JPL, 33 percent of the surveyed companies are looking to hire people with analytics skills for big data projects. Typical job titles include data analyst, data architect and data scientist, the survey says.
JPL is using Hadoop to process large photos from NASA’s mission on Mars. JPL breaks the files into smaller parts so they can be easily viewed on programs like Google Earth. Each photo is analyzed to determine whether NASA needs to do more tests on objects such as rocks.
JPL currently dedicates 10 percent of its IT budget to big data, but Soderstrom says that will increase as the amount of data increases.
Most of the CIO survey respondents expect big data technology to become mainstream in their organizations in the next three years, either in multiple parts of the business (48 percent) or in one department, division or business unit (24 percent).
But there are pessimists, too: A minority of those polled predict big data will remain experimental (16 percent) or will “fizzle out after the hype dies down” (5 percent).
Well, welcome to you all! Visit financial blogs if you want to learn more about margin trading in general. However, more free time is needed for this. I suggest giving yourself additional downtime from consulting list of top incorporation companies . You’ll benefit much, in my opinion. Good luck with these problems.