The building block of every IT system is ‘data’. Optimal and secured storage of data has always been the key concern for any organisation. The volume of data is growing every minute and it is a difficult task to manage it. This immeasurable digital data is named as big data. The Internet, by reaching out to each and every computing platform has led to an outburst of information, thereby making big data too big to be handled. A scenario where the data grows beyond the reach of the present management techniques, will lead to total chaos. Some of the challenges faced with big data are: Managing data appropriately is a challenge for any organisation. The optimal use of data in an organised way is a priority task. Accessibility and connectivity of huge data are a hurdle. Data points are not integrated and there is no precise platform to manage data between various projects. The ever-growing data volume demands a larger technological landscape. Security of big data is another important aspect that is of concern to companies. The following chart explains the growth of big data in the recent years: Fig 1. Graphical Representation of Rise of Big data Business Intelligence – A Resourceful Solution for big data: Business Intelligence (BI) provides a solution to big data in the form of data analysis process. BI includes a variety of tools, applications and methodologies that streamline management of huge data. This system incorporates technologies that provide a correct decision making platform for the organisations. Some of the important advantages of Business Intelligence solutions are: BI simplifies the process of data management,...
