According to Computer Weekly/TechTarget 's* survey IT Priorities 2017, most UK respondents do not plan to increase the IT budget of their enterprises and only 33% think it will increase slightly. Within this framework, budgets will be primarily allocated to cloud services, software and disaster recovery. The same survey of companies in the Benelux indicates that the IT budget will increase by 28% in total, while most resources are outsourced due to lack of internally available talents.
Metadata are data describing other data (semantically data about data). It's the information which allows to recognize the collected data. For example the most common metadata are the backup date, the size and author of a file... all the information allowing you to identify and locate the data in due time (it can be a document, an audio file, an image, in theory any kind of collected information).
Our cavemen ancestors were all about foraging. Times were tough and to survive one needed to go hunt or search for plants. We've come a long way since then of course, but a small part of us still reacts pretty much the same way. We consider accumulation as a richess. But what is true for more traditional assets such as gold is not necessarily true for modern business assets such as data.
Filmed interview of Dominique Orban de Xivry, our CEO. Interview conducted in French by Le Cercle de Wallonie. Translation available below.
Dominique Orban de Xivry : Big Data is the black gold of the 21st and 22nd centuries. It is a possibility for enterprises to finally be able to better target their customers and to distinguish them by offering more punchy service propositions.
In a standard Business Intelligence environment, the archetypal journey of data can be summarised as follows: collected from sources, extracted, transformed, loaded into an Enterprise Data Warehouse. accessed and used for reporting across the organisation. But what about valuation ?