Tag Archives: Big data

2013 in review: Big data, bigger expectations?

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In the parlance of the industry, big data’s feat was a result of the successful convergence of the “three Vs”:

Volume: A large amount of data

Variety: A wide range of data types and sources

Velocity: The speed of data moving from its sources, into the hands of those who need it

Although other Vs have since been contemplated, such as Veracity and Value, the original three attributes promised big data could go far beyond the boundaries of traditional databases, which require data to be stored in rigid rows and columns.

However, over the past year, reality began to sink in: People came to realize what big data could and could not do. Unfortunately, performing large-scale analytics in real time proved to be more daunting than originally thought. Although Hadoop continues to be the world’s most popular big data processing platform, it was designed for batch processing and is far too slow for real-time use.

Reference: 2013 in review: Big data, bigger expectations?

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Risk Management: A Look Back at 2013 and Ahead to 2014

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Risk Management: A Look Back at 2013 and Ahead to 2014

According to Yo Delmar, vice president of MetricStream, 2013 has been witness to extraordinary change. We are living and doing business in an increasingly global, mobile, social and Big Data world, fraught with new risks and complex regulations. As such, individuals and organizations are struggling to keep pace.

In response to greater uncertainty, complexity and volatility throughout 2013, we’ve seen increased convergence and alignment amongst internal teams, including IT, security and the business. As a result, organizations are better poised to provide the context for communicating risks. We’ve also seen the business ecosystem evolve to include geographically diverse vendors and third parties, and as a result, organizations must continue to view these entities as part of the organization itself, and manage them in a more tightly and integrated way.

Growing convergence among IT, security and the business: The landscape of risk and compliance continues to evolve, as organizations are asked to manage their IT risk and compliance activities far beyond that of basic audit and compliance requirements of the past. As new technologies bring their own set of unique risks, there is a growing disconnect among internal audit, security, compliance and the business on what it means to build, manage and lead a truly safe, secure and successful business.

As a result, we are seeing more focused efforts when it comes to getting these groups on the same page by building a common risk language, as well as a discussion framework to enable cross-functional collaboration. Doing so can set the context for communicating risks in a way that drives more effective governance and decision-making across the board of directors, executive management team and each respective business function.

What is your 2014 resolutions? Leave us a comment or send us a message.

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