With the advancements in the 21st century, numerous big data challenges arise as companies are extracting more and more information about the users to scale their growth. Technological evolution has given rise to compelling tools, making it enormously easy for companies to direct their growth per data-driven insights. As a result, they can grow more productively and take their company in the right direction. However, numerous risks are associated with such vast information. We have developed this guide to elaborate on the major challenges and the ways to overcome them.
Big Data Challenges and Ways to Overcome
After understanding the benefits of big data in this modern competitive landscape and its associated risks, we have enlisted the significant challenges in the under-section. Also, we come up with the solutions you can follow to get rid of them.
1 – Volume Challenges
We all know that big data means extracting vast information from different sources, such as social media, forums, and communities. Different tools deliver insights about the customer’s interests and requirements. Consequently, you can use them to direct your operations more productively.
The Challenge
The biggest challenge associated with generating such extensive data is managing it precisely. To extract more from it, you must list every click, sensor reading, tweet, and transaction.
How to Overcome?
To handle such an enormous collection, you must leverage the help of high-end organizational platforms. Hadoop HDFS, one of the most famous scalable storage solutions, can be the best option. Similarly, AWS S3 is a cloud storage platform that implements data compression and deduplication techniques to reduce storage requirements.
2 – Velocity Challenges
Another important aspect of big data is that different AI-integrated tools are available that extract the information at a rapid pace. As a result, you can have a comprehensive overview of the customer’s requirements and quickly learn about their preferences. You can manage different operations by integrating the insights into the production sector.
The Challenge
Data is generated and must be processed in real time for maximum benefits. Otherwise, processing them later will not deliver the required results. Additionally, traditional batch processing systems are unsuitable for this continuous data stream.
How to Overcome?
You can leverage Numerous processing frameworks in the market to get the ultimate benefits. Apache Kafka and Apache Flink are the top options, enabling you to perform real-time data ingestion, processing, and analysis. Also, these systems allow companies to accommodate swift data changes.
3 – Variety Challenge
Big data lets you have your hands on more extensive information, including various kinds of data and logic. It may include personal information, contact details, professional data, etc. So you can have a complete overview of your clients’ perspectives and approaches. Managing your potential users according to their requirements is the most convenient.
The Challenge
Based on the data types, they may be in several forms. Some may be structured, semi-structured, and unstructured. Such a vast data variety is pretty challenging to tackle. Also, it is entirely difficult to analyze such diverse data.
How to Overcome?
Utilizing data integration platforms and ETL tools could solve this challenge best. Above all, you can leverage the software that supports data transformation and normalization. Also, schema-on-read databases, such as NoSQL databases, can handle unstructured data effectively.
4 – Veracity Challenges
It is a common-sense equation that there is uncertainty in every data set. The more wider the information, the more will the chances of veracity in the information. Big data often contains noisy and inconsistent information. So, it is compulsory to deal with such inconsistencies.
The Challenge
The imperfections in the big data may lead to unproductive growth of your companies and cause inaccuracies in analysis and decision-making. Furthermore, you can face severe negative consequences in the form of lost credibility and reduced outreach.
How to Overcome?
You must implement validation tools and data quality checks to overcome this challenge. It will deliver you insights about the potential errors in the information. Above all, artificial intelligence has suggested cleansing processes that utilize machine learning algorithms. In this way, identifying and correcting data errors becomes more convenient. Besides, data governance policies and data lineage tracking enhance data reliability.
5 – Privacy and Security Challenges
The latest data extraction tools are highly efficient and leverage the potential of artificial intelligence to pull the information out of the box. Thus, companies use this software extensively to fulfill their data sets with various information. The more insights they have, the more productive their performance will be. Also, they can make their way directly into the grounds.
The Challenge
With increased data requirements, the risk of data breaches and privacy violations also rose sky-high. Furthermore, there are chances that you can have your hands on your users’ sensitive data, which could cause legal violations. Moreover, data breaching is an area of major concern for your businesses as well, resulting in paramount tensions and negative consequences.
How to Overcome?
Employing robust encryption techniques and accessing controls allows the maintenance of the management systems. You can also identify potential anomalies in the tools and take proactive steps to implement data anonymization and pseudonymization. Applying all these effective tactics simultaneously helps protect data privacy while following data analysis.
Benefits of Overcoming Big Data Challenges
Simply put, you will get enormous benefits after overcoming big data challenges. Picking the right data structure and implementing it into your business functioning will help you grow more productively in this highly competitive landscape. You can build trust in your potential audience, making them your permanent customers. Hence, you will be able to pocket long-term advantages, taking you ahead of the competition.
Final Verdicts
Big data has totally changed the landscape of how organizations operate and decide on the procedures to survive in this highly competitive environment. But, it comes with some enormous challenges. Addressing them in the 21st century is quite a hectic task as you need a multifaceted approach to combine the technology and commitment to ethical data practices. Furthermore, you must invest in scalable infrastructure to ensure real-time processing and data quality. Also, harnessing the power of the latest tools helps you mitigate these challenges pretty efficiently.
