“The future depends on what you do today.” Mahatma Gandhi
In this ever changing world of technology, every second day a new path breaking development is happening. We are witnessing an era where no product is distant from obsolescence and no dream is insurmountable. One of the areas which is witnessing this phenomenal growth is data, we are witnessing a data explosion. According to McKinsey Global Institutes report:
“Data have swept into every industry and business function and are now an important factor of production, alongside labor and capital. We estimate that, by 2009, nearly all sectors in the US economy had at least an average of 200 terabytes of stored data (twice the size of US retailer Wal-Mart's data warehouse in 1999) per company with more than 1,000 employees.”
Also IDC top 10 predictions pointed out to the fact that in the time to come predictive analytics, and text and rich media analytics will play a huge role in deciding the future of the data.
The most important trends and events in coming years will revolve around mobility, cloud services, social technologies, and Big Data, as well as the emerging high-value industry solutions built on top of them, and the rising vendors (e.g., service providers [SPs] and "industry platform as a service [PaaS]" providers) and customers (e.g., consumers, SMBs, line-of business executives, and emerging market customers) that will play leading roles in much of the next eight years' growth.
Also, the way the competition is growing and customers’ needs are changing, paradigm shift in the way data is managed and monitored is the need of the hour and for the IT administrator monitoring this huge data popularly also known as big data is becoming a challenge every day but for a technology company that’s where opportunity lies.
There is a Growing emphasis on tools and applications that go way beyond "search" to graph analytics associated with "discovery" and finding hidden relationships/patterns, but the bigger question is that, are we doing this monitoring right or can we enhance this approach to come up with something more useful, something more intuitive?
Traditional way of monitoring the data is to take some input from the IT administrator and perform some kind of analysis on based on that input. But what if we turn it upside down? That will be a different ball game all together. Here, your tool will constantly monitor, learn and analyze the data and using fuzzy logic and other artificial intelligence paradigms will come up with the information which not only can be more useful for monitoring but also can be used for crucial strategic decisions. It’s a kind of data recycling i.e. reusing the waste data to come up with something more useful more powerful.
The proposed neXtGen Monitoring platform can overcome the shortcoming of static monitoring and can inculcate the changing needs of the consumers. The enhanced reporting and monitoring mechanism can act as a catalyst for them while taking decisions pertaining to both technology and management sphere.
“It is always wise to look ahead, but difficult to look further than you can see” ~ Winston Churchill
This nextGen monitoring can certainly become the eureka moment for an industry which is changing every moment. To be ahead of the curve there is no doubt that it’s high time to look ahead and redefine the business and our approach, AI’s power can come real handy to achieve that objective.
James Manyika ,Michael Chui,Brad Brown,Jacques Bughin ,Richard Dobbs,Charles Roxburgh,Angela Hung Byers,”Big data: The next frontier for innovation, competition, and productivity”,May 2011
Frank Gens,” IDC Predictions 2013: Competing on the 3rd Platform”,IDC