You need to be ready to handle ever-increasing data velocity and volume
EDITOR’S NOTE: This is part two of a three-part series. Read part one here.
Data types are increasing as we discover new place to put silicon chips, but two other changes to data are creating a lot more disruption to todays business: velocity and volume.
In 1965, Intel co-founder Gordon E. Moore described the trend of doubling the number of components in integrated circuits every year to 18 months. He predicted that this would continue for at least 10 years. Moore’s Law, as it is called today, was accurate and has described the increase of processing speed exponentially throughout the last part of the 20th century into the 21st.
Even though some experts believe that the growth of processing will slow down toward the end of 2013, we are today dealing with computers in our cell phones that are a million times faster than those introduced in 1970.
Keeping up With Velocity
Taking advantage of the speed of data for your business’s benefit means being prepared to interact with data at an ever-increasing velocity. This velocity causes us to reconsider how to ensure that our businesses keep pace, especially when moving data quickly from system to system.
For your business’s data managers, this means ensuring that interfaces accurately deal with data movement from one system to another, from report to report, from device to device. And for business intelligence professionals, it means needing to ensure that reports accurately reflect the time that data is made available, adding one more dimension to simple business reporting.