Some of you may already be familiar with Big Data, they are basically, massive data sets that are so large and complex that it is impossible to manage them with outdated software tools. It mainly denotes the technologies and initiatives involved in data which is highly diverse, dynamic, or enormous for conventional technologies to address competently. Fundamentally, it’s 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. 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 for Hosting providers
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 a small time provider 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.
We’re keeping tabs on the current market trends, and you can expect more on this for Cloud and Big Data Hosting in 2015. We recently introduced Managed and Dedicated Servers for high volumes of data; if you require Hosting for Big Data processing on our current infrastructure, you can install Hadoop on our Dedicated Servers. Stay tuned for more updates on our upcoming launches for higher processing power, Cloud and Big Data Hosting!