According to IDC, by 2020, on an average a person will generate 1.7 MB of new information per second. That apart, industry reports project that the number of daily business transactions via the internet will touch 450 billion. Given this context, data-driven insights will become all the more relevant and key to businesses across sectors, across geographies and across sizes.
India ranks among the top 10 Big Data analytics markets in the world. And, according to a report in the Economic Times this sector in the country is set to grow to $16 billion by 2025, registering a Compound Annual Growth Rate of 26 percent over the next five years.
Making Big Data work for your business
Despite the strides that Big Data analytics has made in the country, a report by McKinsey states that even with organisations making significant investments in big data projects, a staggering 85 percent fail to meet expectations. One of the key reasons for this non-success rate is the failure to transition from a successful analytics or machine learning pilot to a full-scale deployment, due to service breaches, SLA oversights, and mounting backlogs.
And, to tackle this situation, many companies are compelled to resort to quick fix solutions such as deploying more admins, more data engineers or increasing infrastructure spend.
It is here that companies like Qubole are becoming integral to businesses by helping to maximise their returns on big data investments without having to resort to quick fix solutions that prove heavy on the business.
Qubole’s innovative cloud-native platform delivers deep analytics, AI, and machine learning for big data. Its single platform combines best-of-breed open source data processing engines – including Spark, Presto, Tensorflow, Hadoop, Hive and more – to build data pipelines, run analytics and deploy machine learning models. Qubole also scales seamlessly on any cloud to accommodate new data and users without additional administrative overhead. Their patented innovations help automate the management and configuration of bespoke computing resources — ensuring uninterrupted analytics, AI, and machine learning, regardless of the type or number of jobs. In fact, Qubole enables businesses to support 10x more users and data without adding new administrators.
Achieving big growth
If you are a CTO, entrepreneur or developer looking to run your big data platform more efficiently or among those who have been forced to resort to ‘quick fix solutions’, then register for the Qubole and YS meetup to find how to you can harness the power of big data to transform your business.
The core topic of the meetup will revolve around Big Gains with Big Data – Harnessing the power of Big Data in the Cloud for faster time to value and better analytics.
At the meetup, you will get to understand more on
- The benefits of a cloud-native platform for analytics and machine learning, done at enterprise scale
- Real-world success stories from companies such as Swiggy, Ola Cabs and Malaysia Airlines
- How companies are using Qubole across use cases ranging from machine learning, artificial intelligence, advanced customer analytics, IoT, supply chain optimization, fraud detection, etc.
- How to support more users and data sources (while meeting SLAs within your targeted budget) without additional administrators
- Best practices for migrating from an on-premises environment to the cloud
- How to reduce your infrastructure spend by 50 percent or more
The meetup details will be intimated to those who register. Only limited seats available.