A successful finance, technology, and real estate entrepreneur based in Seattle, Washington, Benjamin “Ben” Shoval serves as president of Shoval & Co. In addition to his other professional interests, Ben Shoval keeps up with current trends in big data.
As with most other technology sectors, big data is a fluid environment. Innovation is always driving progress forward. With that in mind, here are two current trends to watch.
Smart machine technology is beginning to find its foothold among private companies, which are looking to scale down their human capital to clear additional revenue. These technologies are used to automate tasks via algorithmic means, typically in the realm of decision support. Some educational companies have implemented smart data systems that can grade essays and exams.
Over the past year, NoSQL technologies have gained in popularity. These non-schema database structures are beginning to show progressively more benefit. As an example of the growing popularity of NoSQL, NoSQL companies such as MongoDB and Redis Labs will soon outnumber the more conventional database vendors such as Oracle, Microsoft, SAP, and IBM, according to the 2015 Gartner Magic Quadrant for Operational Database Management Systems, an annual report comparing database vendors.