The data market is booming with an ever increasing valuation. In the virtual data ocean, Big Data and small data are complementary strategies at one level and choices of scale/scope at a different level. While Big Data holds distant promises, leveraging “small data” can provide great benefits to small-to-medium business (SMB) as well as large corporations. Simply stated, the cost-performance barrier leaves many lucrative markets inadequately served by Big Data approaches. Carefully chosen data solutions and models should be more accurate, objective, and ultimately lead to improved ROI especially for more near-term time horizons and/or companies with limitations in scale/scope.
This research provides the reader with an understanding of data management issues, challenges and opportunities relative to Big Data and small data approaches. The report includes analysis of small data practices and emerging small data business models and scenarios. This report evaluates strategies, considerations, and planning for a so-called “small data” strategy. It also compares and contrasts Big Data vs. small data strategies in terms of company capabilities and focus. The report also evaluates the future of Big Data including emerging business models and practices.
- SMB of all types
- Big Data companies
- Social network companies
- Telecom service providers
- Data services and analytics companies
- Cloud and telecom infrastructure providers
Spanning over 49 pages, 6 figures and 2 tables, “Big Data vs. Small Data Strategies for Next Generation Business” report covering the Data Trend Analysis, Big Data Market Advancement And Forecast 2014 – 2020, Small Data, Small Data Driven Emerging Business Models, Conclusions.
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