Big Data: Marketing Nirvana or the Next Big Bubble to Burst?
Everyone surfs on the Big Data wave, redefining it such that their roles in this new “hot” market are maximized. Some journalists have already started to blacklist press releases on the subject, since they receive too much fanciful nonsense.
That is a pity for the companies that have really something to offer in this market.
If you don’t agree that Big Data really defines a market, let us take a simple approach: We talk about enterprises and administrations that have to deal with vast amounts of data that come from very varied sources and in wildly different formats, and flows into their storage space at great speed. This market is addressed by products and services that help these large organizations not just cope with the deluge of data but extract the useful information contained in it.
Some of the players in the Big Data market must feel reminded of Molière’s Monsieur Jourdain who learnt that he had been “speaking in prose” before knowing what prose was: They had been serving the Big Data market before they knew it would be called that.
At Sinequa, we have been dealing with Big Data (in the above sense) for quite some time: Our Unified Information Access solution has been used by large enterprises and administrations to plough through billions of data base records, business transactions, and unstructured data of all sorts, like documents, emails, and social network data. Our semantic analyses and Natural Language Processing have served to make sense of this magma of data, and to create structure where there was none. All this in order to find sense in chaos. The challenge for us was to combine deep analysis with high performance in dealing with big volumes. We have invested a lot of energy – and dare I say, brain power – in our solution to satisfy big customers like Siemens, Crédit Agricole, Mercer or Atos in their quest to extract useful information from their big data volumes, relevant for their employees and customers.
The Grail of the Structured Universe
For many years, IT professionals have been chasing the grail of the “all-structured” enterprise data. This is how engineers were educated: you must structure the world to get a grip on it. If you need to search, you haven’t done your homework. After years of work and huge investments to reach this goal, it is thus painful for many to turn to search technology. Even though, opting for this solution would help them cope with the unstructured world much more easily and would help save time and money. Thus, search technology has evolved and is now used at the core of Unified Information Access platforms.
It’s not all or nothing
Now let’s not fall into the trap of claiming that Big Data is all about search and our kind of content analytics, just because we have been in Big Data up to our ears long before the people who invented the name. There are many approaches to Big Data and many useful tools and solutions to deal with it. But Unified Information Access platforms and semantic technologies are certainly part of any complete solution set. And our customers benefit from the fact that we have been in Big Data quite some time before the concept entered the hype cycle: Our solutions have matured over time.
Is Big Data a bubble that will burst?
If you link it inseparably to its name, “Big Data”, then it might well disappear. But the very real problems of Big Data sketched above will not go away. Heterogeneous and continuously changing big data volumes will increase rather than diminish. Hence the real solutions that are useful in dealing with Big Data will be needed and in demand even if the notion of Big Data falls from the height of its hype into the trough of disappointment.