Businesses today are collecting huge amount of data every single day that can be used to benefit the business and its operations. The sheer volume of data that companies now deal with and store on a daily basis means that traditional frameworks are under pressure and in some cases are no longer fit for purpose. NoSQL databases could be your solution to dealing with today’s data demands if you’re not already using this framework option.
Traditional relational database management systems (RDBMS) are a great choice if a business is dealing with small amounts of data that needs to be kept well-structured. But when large volumes are added it can have a negative impact, resulting in performance decreasing, making it an often unsuitable tool when it comes to big data.
In contrast, NoSQL, often known as Not Only SQL, is scalable. This type of database has been designed with the high volumes of incoming information associated with big data in mind. NoSQL is particularly useful if you have lots of unstructured data stored in multiple areas that needs to be correlated and large quantities of data needs to be accessed fast.
Up until recently RDBMS relational databases were the most commonly used but NoSQL databases are fast gaining ground as the choice for businesses. The shift highlights the amount of data businesses, especially large firms, are now dealing with and their desire to translate this into useable information that can help business operations and flag potential future opportunities.
NoSQL is also ideal for businesses that need information to be processed and analysed fast. In today’s world where businesses need to make snap decisions in response to a changing environment having solid facts, predictions and knowledge that are based on historical and up to date data can improve the decision making process and give businesses additional confidence.
Now that big data has exploded onto the business scene and is becoming increasingly important for maintaining a competitive edge, utilising NoSQL databases and accessing all the insights your data has to offer could make a big difference to operational success. Taking the plunge and investing in big data, including the frameworks used to analyse the information should be top of the agenda for all businesses that have yet to do so.