Big data is a popular term used to describe the exponential growth and availability of data, both structured and unstructured. And big data may be as importantto business – and society – as the Internet has become. Why? More data may lead to more accurate analyses.
Interestingly, many of the best and best known big data tools available are open source projects. The very best known of these is Hadoop, which is spawning an entire industry of related services and products.
Whenever analysts or journalists assemble lists of the top trends for this year, "big data" is almost certain to be on the list. While the catchphrase is fairly new, in one sense, big data isn't really a new concept. Computers have always worked with large and growing sets of data, and we've had databases and data warehouses for years.
What is new is how much bigger that data is, how quickly it is growing and how complicated it is. Enterprises understand that the data in their systems represents a gold mine of insights that could help them improve their processes and their performance. But they need tools that will allow them to collect and analyze that data.
Not surprisingly, the big data market is growing very quickly in response to the growing demand from enterprises. According to IDC, the market for big data products and services was worth $3.2 billion in 2010, and they predict the market will grow to hit $16.9 billion by 2015. That's a 39.4 percent annual growth rate, which is seven times higher than the growth rate IDC expects for the IT market as a whole.
Interestingly, many of the best and best known big data tools available are open source projects. The very best known of these is Hadoop, which is spawning an entire industry of related services and products. This month, we're profiling Hadoop, as well as 49 other big data projects. Here you'll find a lot of Apache projects related to Hadoop, as well as open source NoSQL databases, business intelligence tools, development tools and much more.
Open Source Tools
There are already so many open source tools related to Big Data. Check out the below figure to find out about the most important open source tools for big data.