Data management is an emerging sector in the field of business. The integration of technology and business through the use of computer and the internet led to a massive acquisition of data. Companies have been creating more data than ever, and it is becoming a problem in how it should be managed and protected. All over the world, only one out of five companies is committed to managing their data effectively, and most of them are from the developed countries in the West. Big data management has played a vital role in the success of a company, and based on recent studies, half of those who manage their data effectively reported that they are able to beat their competitors. On the other hand, one out of three companies without an effective data management plan claims that they managed to beat their competitors. The stark comparison between the two types of businesses shows that an effective data management plans would surely create a competitive field, favoring companies which are focusing on managing their data and protecting it from getting stolen or hacked.
Organizations that have a data management plan claim that the way they do business completely changed after integrating different programs that handled all of the information coming in. One out of four companies reported success in their respective sectors, and the number of businesses that are also becoming successful because of their effective data management plans is increasing by the hundreds. Big data management can also affect the strategy formulated by these companies, especially when it comes to their security and protection of the information stored within the companys database. Businesses that are serious in using data management to succeed have an unlimited source of ideas that could influence the way they do business, and they are transforming these ideas into unique strategies that affect their performance.
Since the early 2000s, more and more companies are relying on big data to manage their businesses. As of the present, 57% of all organizations use big data, but not all are managing their data effectively. These companies are managing different types of data, and it depends on the nature of their business. The most common type of big data being managed is structured data, at 97%. Semi-structured data comes in second place, at 75%. Complex data management represents the third most common type of data being managed, with over 69% of companies using it. Event data and text comes in at the fourth and fifth places, representing 60% and 57% of companies, respectively.
Data management has a lot of advantages and businesses which are using it benefit a lot. Based on a recent study researching about the performances from companies that manage big data, 61% of companies stated that the data analytics tasks are most likely to improve if big data is successfully managed and leveraged. 39% stated that the information exploration and discovery tasks would also improve, followed by accurate business insights, greater business value, and broader data sourcing. Recent years have also seen a spike in the number of big data management programs used by companies, helping them to reach their goals, like the services offered by www.throttlenet.com. The top five most common database management systems used by businesses around the world are relational DBMS on MPP, relational DBMS on SMPP, Data appliance, Distributed File System, and Columnar DBMS.
Another factor considered in data management would be the storage where most of the data will be kept. The study of big data management revealed that most businesses are still relying on disk drives to secure their data. Around 88% of companies that manage big data revealed that all of their corporate files are stored in a disk drive. On the other hand, 53% of companies that manage big data stated that their information is kept securely inside solid-state drives. Only 40% of these companies rely on the cloud to store their data. What was surprising was the sheer number of companies that still rely on tapes and an optical disk to store their data 40% revealed that they are still using tapes as storage material, while 35% admitted on using an optical disk for storage. Big data still has a lot of rooms for improvement, and businesses are still encouraged to join the movement. Experts agree that more businesses will start managing their big data effectively, which will benefit the worlds future economy.