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Big Data Analytics: Hadoop Grows a New Tech Economy — Hadooponomics
Big Data apps are increasingly being rolled out by businesses like Merck, Pfizer, GE, the Weather Channel and Facebook.
Start talking about Big Data and many, if not most, people start thinking about about Hadoop. Hadoop is an open source framework for processing very large data sets, or Big Data, on clusters of commodity hardware.
In 2014, Hadoop received a lot of attention. The top three distributors of Hadoop landed more than $1 billion in venture capital last year.
Mike Gualtieri, an analyst at Forrester, said that “the jury is in. Hadoop has been found not guilty of being a hyped-up open source platform. Hadoop has proven real value in any number of use cases… All these use cases are powered by what Forrester calls ‘Hadooponomics’—its ability to linearly scale both data storage and data processing and leverage pay-per-use public cloudonomics. Many enterprises are dabbling in Hadoop to see what it can do. Many already have mission-critical capabilities running on Hadoop… The remaining minority of dazed and confused CIOs will make Hadoop a priority for 2015.”
Furtner, Forrester found “that Hadoop is a must-have for large enterprises, forming the cornerstone of any flexible future data platform needed in the age of the customer. But, we also believe that Hadoop is becoming more than just a data platform. Given its economics, performance and flexibility, Hadoop will become an essential piece of every company’s business technology (BT) agenda. Application development and delivery professionals will build smart applications on Hadoop that not only use analytics, but also become an integral part of many of their applications.”
