Big data to entrepreneurs what new opportunities

Abstract: What big data brings new opportunities for entrepreneurs? An entrepreneurial team composed of former IBM North American lab staff is giving an answer. Start-up companies have just won a large Minsheng Bank cooperation list through model innovation based on big data business. The company is

Big data to entrepreneurs what new opportunities? An entrepreneurial team composed of former IBM North American lab staff is giving an answer. Startups have just won a large Minsheng Bank partnership via a model innovation based on big data business. The company is Sequoia Software. Wang Tao, CTO of the company, said that the emergence of the concept of big data has changed the entire IT industry. The innovation aimed at big data business has brought opportunities for entrepreneurs.

Database from birth to the present, has gone through several decades, but the development of information management in this area has never stagnated. Regardless of the mesh and hierarchical database before the relational database, the relational database goes through different stages such as OLTP, OLAP, data warehouse and column storage. During this period, no major changes have taken place in the core relational model, but the industry has been surging and new technologies emerge incessantly.

Wang Tao said that the emergence of big data concept has changed the entire IT community. After the explosive growth of the demand for data from enterprises, the traditional relational database has gradually failed to meet people's demand for data volume. Therefore, the whole industry is also looking for new technologies to meet this demand. This is where big data and non-relational database requirements come from.

At this stage, big data innovations include innovations on Hadoop and NoSQL. The theory of distributed storage computing, such as Hadoop and NoSQL, existed as early as decades ago, but no particular scenario has ever been applied to it. After the emergence of the concept of big data, distributed attention has been paid. The world has gradually shifted from constructing increasingly larger memory and faster and faster CPUs to building larger and larger clusters.

Wang Tao revealed that in the business model, NoSQL database as the basis for the support point, the upper combination of various new technologies to provide customers with integrated big data platform. Of course, for many enterprise-class users, building big data platforms is far more than just a NoSQL database. Therefore, the company has also been strengthening cooperation with giants such as IBM and Cloudera in the big data field.