IS Analysts & Business Enterprises

6 Mar

The Changing World of Business Enterprises

This is my fourth and final discussion of forces that affect the work of IS analysts.

I’m going to focus on the need for business enterprises and IS analysts to work with Big Data.

We create 2.5 quintillion bytes of data very day!  That means that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere!  Posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone signals all contribute to big data.

IS analysts must deal with 3 characteristics of Big Data:

  • Volume: Enterprises are constantly introduced with ever-growing data of all types.
  • Velocity: Sometimes 2 minutes is too late. For time-sensitive processes such as catching fraud, big data must be used as it enters into your enterprise in order to maximize its value.
  • Variety: Big data is any type of data – structured and unstructured data such as text, sensor data, audio, video, click streams, log files and more. New insights are found when analyzing these data types together.

Big data is more than a matter of size! It is an opportunity for IS analysts to find insights into new types of data and content, to make business enterprises more agile, and to answer questions that were thought to be impossible.

IS analysts face the challenge of controlling these increasing quantities of data. There might even be a shortage of talent necessary for organisations to take advantage of big data. By 2018, the US alone could face a shortage of 140,000 to 190,000 people with deep analytic skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.

For interesting facts and figures check out this short video🙂

A few more facts and figures

Google’s Eric Schmidt claims that every two days now we create as much information as we did from the dawn of civilization up until 2003.

48 hours of video are uploaded to YouTube every minute, resulting in nearly 8 years of content every day.

Data collection volume increased by 400% in 2012, from an average of 10 collection events per page

By 2015, 4.4 million IT jobs globally will be created to support big data, generating 1.9 million IT jobs in the United States .

70% of data is created by individuals – but enterprises are responsible for storing and managing 80% of it.

A survey reported that more than 37.5% of large organizations said that analyzing big data is their biggest challenge.

 

Thanks for following my blogs!🙂

 

References:

http://www-142.ibm.com/software/products/ie/en/category/SWP10

http://www.mckinsey.com/insights/mgi/research/technology_and_innovation/big_data_the_next_frontier_for_innovation

https://www.espatial.com/articles/20-shocking-facts-and-figures-about-big-data/

8 Responses to “IS Analysts & Business Enterprises”

  1. sad112712305 March 6, 2013 at 8:17 pm #

    An excellent blog ! Great video and good layout. Where do companies store their Big data? Thank you.

    • sad112567137 March 6, 2013 at 8:22 pm #

      Thanks🙂 Many large firms use cloud storage and it’s becoming increasingly popular

      • sad112712305 March 6, 2013 at 9:05 pm #

        Actually, I have heard about cloud computing and it is big at the moment in the world of business. Thank you very much for your reply !

  2. sad112567137 March 6, 2013 at 10:05 pm #

    That’s true🙂 Here’s a short video on cloud computing if you’d like to find out more about it🙂 https://www.youtube.com/watch?v=QJncFirhjPg

    • sad112712305 March 7, 2013 at 11:26 am #

      Wonderful ! This video is great. Thank you.

  3. sad112540853 March 7, 2013 at 10:58 am #

    great blog, very relevant, i actually heard about cloud computing from the talk on leadership from an employee from EMC. All of your blogs were very interesting and very much up to-date, just like what a system analyst should be😀 how do you feel about system analysts now after doing all the blogs ?

    • sad112567137 March 7, 2013 at 5:15 pm #

      Before starting the blog I didn’t properly understand the work of IS analysts and how challenging it is. I know how a greater appreciation for how much training they must do as well as their need to stay up-to-date🙂

  4. sad112540853 March 7, 2013 at 11:40 pm #

    That is a great answer, thank you😀

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