Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 Min Read
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Big Data Demands Expansion of Company Resources for Faster Data Processing
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Big Data Demands Expansion of Company Resources for Faster Data Processing
Big Data

Big Data Demands Expansion of Company Resources for Faster Data Processing

Editor SDC
Editor SDC
5 Min Read
SHARE

As companies pivot to embrace the reality of the Big Data Generation, more and more companies are having important discussions on the topic of keeping up with the data coming into their company’s possession; looking for solutions that allow them to analyze terabytes of data and gain valuable insights ahead of their competition. How do companies compensate for the ever expanding amount of data coming in for analysis?

Contents
Invest in Servers and SoftwareLease Servers and Computing PowerFinancially Supporting Your Company’s ExpansionUtilizing IVA’s to Prepare Companies for Investment and LoansDo Nothing?

As companies pivot to embrace the reality of the Big Data Generation, more and more companies are having important discussions on the topic of keeping up with the data coming into their company’s possession; looking for solutions that allow them to analyze terabytes of data and gain valuable insights ahead of their competition. How do companies compensate for the ever expanding amount of data coming in for analysis?

Invest in Servers and Software

The obvious solution is to purchase additional servers and invest in more efficient data analysis software. The unfortunate side-effect of this solution is the need for a more robust IT department to support the growing infrastructure of your company’s hardware stack. The additional staff means expensive benefit packages, recruitment efforts and ongoing employee support. The maintenance of your hardware, and the increasing rate of obsolescence is another difficult process to compensate for. Servers have hard disks that fail, processors that short-circuit and expensive climate control requirements. Owning hardware increases your company’s short-term and long-term overhead.

More Read

Independence Day Infographics Explode onto the Data Scene
Top Ten Root Causes of Data Quality Problems: Part 2
Some thoughts on advanced analytics in 2010
Is Predictive Analytics Changing The Future Of Mobile Phone Monitoring?
Measuring Social Media ROI: Leveraging Data To Boost Results

Lease Servers and Computing Power

The more cost-effective solution that minimizes the headaches of managing an internal data center is to lease computing power from a large supplier. This scalable solution is attractive because the amount of computing power your company needs will likely grow over time. Instead of paying for hardware that becomes obsolete within a few data cycles, rent from an outside contractor and take advantage of their managed support. Skip the HR nightmare of recruiting talented IT managers. Save money on benefit packages and instead invest that money back in the areas that impact your business the most.

Financially Supporting Your Company’s Expansion

In the era of Big Data, many companies are finding they’re having to devote a much larger amount of capital and resources to the management and analysis of their data than they initially planned for when building their business. To make the scalable decisions necessary to keep up with the competition, smaller businesses have increasingly relied on outside sources of funding. This could mean a bank loan or an additional round of funding from venture-capitalist firms.

Utilizing IVA’s to Prepare Companies for Investment and Loans

The partners of a business are held to an incredibly high standard by investors and lenders. Unresolved issues on your credit file can result in a loss of valuable loans and investment to manage your expansion in big data analysis. One solution to minimize the impact of past financial difficulties is the use of IVA’s. The primary function of an IVA is to consolidate existing debt burdens into an affordable, fixed monthly payment. The quick resolution of outstanding financial obligations is key to qualifying for future financial investments and loans.

Do Nothing?

For some companies, it appears that their reaction to the explosion of big data is similar to a deer’s stunned look into the headlights of an oncoming car. While companies may initially be frozen in discussion and theory, the competition is using the opportunity to jump ahead of the innovation curve. Understanding what’s coming around the corner, based on the data already available at your fingertips, is critical to mastering the future market.


Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

big data analytics in transporation
Turning Data Into Decisions: How Analytics Improves Transportation Strategy
Analytics Big Data Exclusive
AI and fund manager software
AI And The Acceleration Of Information Flows From Fund Managers To Investors
Artificial Intelligence Exclusive
sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

smart data use in manufacturing
Big DataExclusive

Smart Data Is Changing Multi-Board System Design

6 Min Read
data analytics and truck accident claims
AnalyticsBig DataExclusive

How Data Analytics Reduces Truck Accidents and Speeds Up Claims

7 Min Read

How Is Mobile Technology Impacting the Food and Beverage Supply Chain?

5 Min Read
big data
AnalyticsBig DataMachine Learning

The Future of Big Data: 10 Predictions You Should Be Aware Of

8 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?