Alex Varshavsky, CEO, Talksum
In a recent Capgemini Consulting report entitled Cracking the Data Conundrum: How Successful Companies Make Big Data Operational, it was noted that global organizations spent over $31 billion on Big Data in 2013 and the amount of spend is predicted to reach $114 billion in 2018. Nearly 60 percent of the executives surveyed for the report believe that Big Data will disrupt their industry in the next three years.
The report goes on to state, however, that even though these global enterprises embrace Big Data, only 13 percent have achieved full-scale production of their Big Data initiatives. This begs the question – what is keeping them from full-scale production and operational success?
The report revealed these challenges:
- Scattered silos of data.
- Ineffective coordination of analytics initiatives.
- Lack of strong data management and governance mechanisms.
- Dependence on legacy systems to process and analyze the data.
We’ll look at each of these challenges and how the Talksum data management solution can help overcome them.
Scattered Silos of Data
The report noted that 79 percent of those surveyed had not fully integrated their data sources across the organization. This lack of integration created barriers to a unified view of data that prevented decision-makers from making accurate and timely decisions. In the report, Filippo Passerini, CIO of US-based consumer products leader P&G, said “To move the business to a forward-looking view, we realized we needed one version of the truth. In the past, decision-makers spent time determining sources of the data or who had the most accurate data. This led to a lot of debate before real decisions could be made.”
The Talksum solution handles massive amounts of disparate data that originates from multiple sources. The single RU device ingests the data, sorts and filters it, and makes it useful for a holistic view of the data resources. This allows enterprises to apply business logic early in the process before the data is even stored, and optimizes what needs to be acted upon in real time and what needs to be routed to respective downstream sources. The Talksum Data Stream Router (TDSR) gives all applicable entities a holistic view of the information and breaks down silos that create barriers for knowledge, insights, and action.
Ineffective Coordination of Analytics Initiatives
The Capgemini report noted, “A major stumbling block is a lack of adequate coordination among analytics teams.” Scattered resources and decentralized teams break down best practices that can be shared among the groups. As Eric Spiegel, CEO of Siemens USA, puts it, “Leveraging Big Data often means working across functions like IT, engineering, finance, and procurement, and the ownership of data is fragmented across the organization.”
Different teams often have different analytics systems and BI tools. After the TDSR makes sense out of the incoming information, the TDSR then data reduces, enriches, analyzes, and contextually routes the data – in real time – to where it is supposed to go. Engineering receives the information relevant to them; finance receives the information relevant to them; and so on. In addition, all of the data can be stored for archival purposes in case it is needed later. If multiple organizations need the same data, it is delivered to both. Organizations receive data on a need-to-know basis.
Lack of Strong Data Management and Governance Mechanisms
Coordination and governance become significant when dealing with implementation challenges. Twenty-seven percent of those surveyed sited ineffective governance models for Big Data and analytics. And coordinating data at ingestion and output needs the right data management capabilities. Talksum is a leader in high-speed data processing and management solutions whose mission is to develop new ways of processing, routing, and managing Big Data. This is another way saying that we are a data management company – first and foremost. A significant benefit of the Talksum data management solution is built-in governance. The TDSR includes the foundational components for governance, regulatory compliance, government standards, and policy control.
Dependence on Legacy Systems to Process and Analyze the Data
Of those who responded to the Capgemini survey, 31 percent said their organization was dependent on legacy systems for data processing and management. It’s hard for these organizations to switch to newer systems for fear of incompatibility, of losing data, and of losing time.
The inventors of the Talksum solution have taken this into consideration and built it into the product. The TDSR is compatible with both legacy and newer systems. The unit slides into a server room rack without the need for extensive and complicated coding (it only requires some configuration settings). The unit can output data to both legacy and newer systems, including SharePoint, MySQL, AWS, MongoDB, Hadoop, in-memory options, and others.
Talksum Offers More Than Successful Big Data Implementation
To sum it up, the Talksum solution offers more than making Big Data implementations successful; the Talksum solution can also save enterprises up to 80 percent of what it costs to build and run a data center by providing the following:
- Operational efficiency.
- Systems interoperability.
- Infrastructure footprint reduction.
- Policy compliance.
- Added security.
To learn more about these, contact us and we’ll send you more information.