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THE DATA EXPLOSION IS YOUR BIGGEST CHALLENGE OR GREATEST OPPORTUNITY - THE DECISION IS YOURS
IN FINANCIAL SERVICES, it's the volume and speed of stock trades.
In telecommunications, it's the competitive frenzy to serve ever more customers with ever more services.
In health care administration, the challenge is not just to process payments, but also to prevent fraud and maintain strict compliance with new government regulations.
All global enterprises today live in the fallout of the "data explosion." They've invested millions to gather and store potentially valuable data. But they are increasingly challenged to analyze and process this data quickly and turn it into a competitive advantage.
The "data explosion" itself isn't news-every business leader knows there are more data sources and complex data queries than ever before. And the stakes keep rising.
Consider the financial services industry, where billions of dollars are on the line and the decision-making window keeps shrinking. "In the past, when traders competed for a trade, a few seconds meant the difference between winning and losing," says Eric Doyle, global industry manager, financial services, at Intel. "Now, with the growth of programmed trading, seconds are an eternity-it's milliseconds that mean the difference in who wins and loses a trade."
THE INFORMATION CHALLENGE
"Customers today don't have the challenge of having enough data," says Christopher Buss, director of business intelligence at HP. "Being able to identify and process the right amount of data is really what they're struggling with."
Among the issues:
Sheer numbers. Informational queries overwhelm IT staff and systems. The longer those queries take, the more they threaten the operational performance of the organization and compromise service level agreements (SLAs).
Regulatory compliance. For...