Big Data denotes the technologies and initiatives involved in data which is highly diverse, dynamic, or enormous for conventional technologies to address competently. Big Data refers to massive data sets that are so large and complex that it is impossible to manage them with outdated software tools. It is fundamentally about extremely distributed architectures and parallel processing, with the help of commodity building blocks to manage and analyze the data.
In essence, Big Data relates to creating data, storage, recovery and analysis in terms of volume, velocity, and variety. It refers to scaling out data architectures so as to address new requirements as far as data volume, velocity, or variability are concerned. Traditional data architectures are ill suited for such requirements.
As data becomes more and more varied, complex, and less structured, with every passing day, it is now become important to process it quickly. Keeping up with such demanding requirements is highly challenging for traditional and scale-up infrastructures.
New Opportunities for Hosting & Cloud
The Big Data market reached the $6.8 billion mark in 2012 and is set to explode by almost 40 percent every year. According to IDC (International Data Corporation), the big data market is expected to reach $23.8 billion mark in 2016. Such a phenomenal growth signifies a huge opportunity for hosting and cloud service providers. Hosting and cloud service providers can now provide a scalable environment to their customers intended for big data applications.
Today, almost 10 percent of all the IT expenses are disbursed in the cloud. This number again is growing at a very high rate giving service providers a great opportunity to offer Big Data as a service. However, it can be challenging to pick the right kind of services and technologies from the options available.
Big Data has been one of the most popular IT trends in recent times. It is particularly more relevant to hosting providers, who, in effect, can provide businesses with the ability to make the most of the massive amounts of data available today. Unlike the normal data sets which are handled using means, Big Data involves storing, retrieving, and analyzing data sets that are large and complex. The latest Big Data methods are promising and are all set to unlock new insights.
Hosting companies, therefore, play a very important and critical role in the big data storage and analysis process, in providing that massive space where data is stored. This is usually done in partnership with software vendors to come up with their own big data solutions. Webhosting companies and cloud service providers have an opportunity to benefit the maximum from the expanding $100 billion global market. This is the right time to benefit and the right place to make the most of the powerful emerging trend in the technology world.
However, for any hosting provider creating and launching a big data solution can be a little difficult, particularly for small time providers with no or limited resources.
Luckily, coming up with an effective big data solution, for a hosting provider, need not be very difficult. It is all about putting the right pieces together to develop a set of resources and tools to effectively meet customers’ data storage requirements.
Dedicated server hosting could prove to be extremely beneficial for a hosting business. While this type of hosting maybe expensive and will require a specific skill set, the benefits outweigh the cons. Dedicated hosting means a server exclusively for your websites to be hosted on without sharing hosting space. As a web hosting provider, this means your customers could have strong database support, unlimited software support, powerful e-mail solutions and more. Dedicated servers could serve as a big data solution to businesses.
For some web hosting providers, the chances to get into the big data solutions market is getting difficult every day. If you’re serious about adding big data solutions to your portfolio, do it as soon as possible and grab the market.