In this digital world, a huge amount of data is being produced every minute. This massive amount of data produced every instant makes the job of storing it difficult. Not only storing it but also managing, utilizing and analyzing is difficult. This is certainly not a problem for small business; even big business enterprises are also struggling to pave ways to make this massive pile of data is stored and utilized in a useful manner.
Nowadays, the quantity of data created by big commercial enterprises is increasing, as stated before, at a rate of 40 to 60% per year. Merely keeping this huge quantity of data is not profitable to be all that beneficial and this is the motive why organizations are watching at decisions like data lakes and big data investigation gears that can help them in managing big data to a great extent.
Some of the challenges faced in Big Data analysis are:
- Managing Diverse Data
The data sets are going bigger and more diverse. This is the biggest challenge to incorporate all of them into an analytical platform. If this goes overlooked, it creates a gap and leads to wrong insights.
- Shortage of skilled Professionals
The analysis of data is significant to make this huge amount of data being created in every minute, useful. With the exponential rise of data, a massive demand for big data scientists and Big Data analysts has been formed in the market. It is vital for business administration’s to hire a data expert having skills that are diverse as the job of a data scientist is multidisciplinary. Another main challenge confronted by businesses is the scarcity of specialists who understand Big Data analysis. There is a piercing shortage of data scientists in contrast to the huge quantity of data being shaped.
- Drawing Insights
It is commanding for business establishments to gain significant understanding from Big Data analytics, and also it is vital that only the pertinent division has access to these figures. A big challenge faced by the businesses in the Big Data analytics is sewing this wide gap effectively.
- Getting everything right on the platform
It is hardly astonishing that data is rising with every passing day. This merely designates that commercial administrations need to grip a large quantity of data on a daily basis. The quantity and diversity of data accessible these days can engulf any data engineer, and that is why it is well-thought-out vital to make data convenience easy and expedient for brand owners and managers.
- The dubiousness of Data Management Scenery
With the increase of Big Data, new skills and businesses are being advanced every day. However, a big contest faced by the businesses in the Big Data analytics is to find out which expertise will be best suitable to them deprived of the outline of new glitches and possible risks.
Here is one more blog on Big data analytics. The Trends That Are Being Observed In Big Data Analytics
Challenges are many, but it does have solutions. So get the best people to help you out with these everyday problems. ATG can certainly help you irrespective of your industry!