UPDATED 19:43 EDT / MARCH 30 2016

NEWS

The Big Data transition: With great value comes great risk | #BigDataSV

In a career that spans over four and a half decades, beginning with Type 029 Key Punches at IBM, Jerry Held has seen his share of data transitions. Held joined theCUBE, from the SiliconANGLE Media team, for BigDataSV 2016 in San Jose, California, where theCUBE is celebrating #BigDataWeek, including news and events from the #StrataHadoop conference.

Held, who is an executive board member for many technology companies, such as Informatica, Tamr, MemSQL and Net App, to name a few, joined John Furrier (@furrier) and Peter Burris (@plburris), cohosts of theCUBE, to help put the Big Data transition into perspective. He started by pointing out that each transition that comes along brings both opportunity and a threat for users and for vendors.

Now and then

“Right now we are in the midst of really significant transitions on multiple fronts … but where data is stored, moving from on-prem to the cloud, we’re moving data in from all different sources,” Held said. “We’re doing big transitions on how data is processed … I think, most importantly, it’s a whole new level of how we manage data, how we organize it and how we take responsibility for the data in a corporation, which is becoming its most important asset. All of those are big transitions we are going through now, similar to the past, creating great opportunity, but also a great opportunity to lose money.”

Held talked about all transitions being critical and explained how he was in the delivery room for the first one at IBM, which also owned IBS, which owned 100 percent of the market share. He pointed out that they still exist, and they are a big player in the industry, but their market share is not what it used to be. “Those transition points, percentage wise, have had big impacts … and today the impact is dramatically bigger,” he said.

Multiple sources to manage

When it comes to the actual data, Held explained that there are still massive amounts of data on the ground and one of the issues of the transition is how we manage data between on-prem and in the cloud. He also said that with IoT, all data sources are new and need to be integrated. The challenge, he believes, is being multiplied because of the different sources.

Held also spook about governance and managing layers of data, and who will secure it, because data is capital and it’s a data-sharing economy.

When asked about what’s trending, he said the big focus for all companies is data, but he also cited real-time analytics as having a direct impact on business from minute to minute. He said data is not looking backwards, but looking forward, and it’s only the beginning.

Watch the full video interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of BigDataSV 2016. And make sure to weigh in during theCUBE’s live coverage of the event by joining in on CrowdChat.

Photo by SiliconANGLE

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