The Data Explosion – Taming Big Data through Information Management

Parallel to expansion in service offerings of IT companies, there is growth in another environment – the data environment. The volume of data is practically exploding by the day. Not only this, the data that is available now in becoming increasingly unstructured. Statistics from IDC state that 2011 will see global data grow by up to 44 times amounting to a massive 35.2 zettabytes (ZB - a billion terabytes). These factors, coupled with the need for real-time data, constitute the “Big-Data” environment. How can organizations stay afloat in the big data environment? How can they manage this copious amount of data?

I believe a three-tier approach to managing big data would be the key – the first tier to handle structured data, the second involving appliances for real-time processing and the third for analyzing unstructured content. Can this structure be tailored for your organization?

No matter what the approach might be, organizations need to create a cost effective method that provides a structure to big data. According to a report by McKinsey & Company, accurate interpretation of Big Data can improve retail operating margins by as much as 60%. This is where information management comes in. Information management is vital to be able to summarise the data into a manageable and understandable form. It is also needed to extract useful and relevant data from the large pool that is available and to standardize the data. With information management, data can be standardized in a fixed form. Standardized data can be used to find underlying patterns and trends.

All trends indicate that organizations have caught on to the importance of navigating the big data environment. They are maturing modernizing their existing technologies to accommodate those that will help manage the flux of data. One worrying trend though is the lack of talent pool necessary to capitalize on Big Data. Statistics say that the United States alone could face a shortage of 140,000 to 190,000 persons with requisite analytic and decision making skills by 2018. Organizations are now looking for partners for effective information management to form mutually beneficial long sighted arrangements. Does this indicate greater opportunities for outsourcing vendors?

About the Author

K. R. Sanjiv is the Chief Technology Officer for Wipro's Global IT Business. The CTO office is responsible for establishing the company's technical vision and strategy and also leading various aspects of the company's future technology development. It includes incubation of the emerging technologies, creating an eco-system for the innovations in these spaces, IP management and creating industry and academic alliances.

Prior to this role, he was Global Head of Analytics & Information Management business unit. He carried P&L responsibility, strategy and operations of this unit globally reporting to CEO. The Analytics & Information Management helped customers derive valuable insights out of integrated information by bringing together the combined expertise of Advanced Analytics, Business Intelligence, Performance Management and Information Management.

Sanjiv has over 25 years of enterprise IT experience, including consulting, application and technology development spanning multiple industry segments and diverse technology areas.

Since joining Wipro in 1989, Sanjiv has been involved in defining enterprise architectures for organizations that included technical models, transformation program definitions and governance models. He has designed OLTP mission critical systems such as screen-based trading systems for stock exchanges, surveillance systems and order routing systems for brokerage houses. He has spearheaded due diligence exercises in M&A situations for customers and also managed large project implementations in a global delivery model.

Sanjiv has spoken at leading CxO summits, industry and academic conferences on varied topics related to Business Technology. He holds a bachelor's degree from Birla Institute of Technology and Science, Pilani.

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