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Big Data, Big Value, and the Relevance of Moore’s Law

In 1965 Gordon Moore noted that computing would dramatically increase in power while relative cost would diminish, both at an exponential pace. At the time Moore made his prediction, he was the Director of R&D at the Fairchild Semiconductor Corporation. Three years later, he left Fairchild to co-found Intel. And we all know how that worked out for him.

The tech industry adopted Moore’s Law as a measurement of the rate of product evolution, and the competition among tech competitors to keep up with it has been fierce. That competition led to ever smaller, more accessible, cheaper computing devices, and Moore’s Law highlights the rate of our societal shift from wildly expensive mainframes for the few to inexpensive laptops for everyone – even smartphones, hand-held devices of all kinds, and social media.

“Spotify is made possible by Moore’s Law, Netflix is made possible by Moore’s Law, so that’s how things can be shareable,” said Intel futurist, Steve Brown, in a recent interview with Wired Magazine. “The next logical step of Moore’s Law is that it just becomes part of everything. If I had to articulate it as what’s the big thing, it would be just that computing merges into our world and dissolves into it and becomes invisible. “

So more data. Big Data. From everywhere.

The conversations between CIOs, IT Architects, and business executives are all about Big Data these days. How much storage will we need? How can we get value out of all this data? How much will scalability cost? Who will the end-users be? When will we see ROI, and what’s the value to the business?

In September of 2014, a Gartner survey showed continued strong investments and planned investments for Big Data technology across all vertical industries with communications and media continuing to lead the pack. 53% of organisations surveyed had already invested and a further 33% are planning investments in Big Data technology and storage in the next two years.

“Savvy CIOs, IT architects, and business executives understand all too well that to maintain competitive advantage they need to derive greater value from the data they are collecting and storing.”

They need quick, easy, seamless access to Big Data, and the technology to analyse all that data, too. Organisations are no longer asking what Big Data is, but what it can do, how it can add value to their business, and how it can help them achieve competitive advantage.

A recent report from Accenture on Infrastructure for Big Data had this to say, “In reality, the advent of Big Data is bringing new, unprecedented workloads to the data centre. Handling those workloads will require a distinct separate infrastructure, and IT will need to find ways to simultaneously manage both the old and the new – and ultimately bring them together.”

This cycle of innovation and the new technologies at the heart of it will enable individuals, businesses, and society as a whole to gain greater and greater value from the flood of Big Data, at much the same rate that Moore’s Law has predicted the underlying evolution of technology itself for the last half century.


 

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