The term “big data” first emerged fifteen years ago to put a name to the increasingly large, diverse, and complex volumes of data that could not be easily managed by traditional data management practices. In recent years, as digital transformation picked up steam, big data has emerged as a primary fuel for the journey.
Ronak Doshi, vice president at management consultancy and research firm Everest Group, notes that along with the growing proliferation of internet-connected devices, evolving data-driven digital business models, as well as an increase in globally connected business ecosystems and integrated value chains, demand that enterprises build a modular but cohesive digital platform, powered by big data gathered from a variety of sources.
