NoSQL: A Database Mechanism to Manage Unstructured Data
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Who & Why to Use NoSQL Database:
Tech giants, such as Amazon, Google, and Yahoo use it to serve their users. It helps them to gain a competitive advantage by providing speed and flexibility. Traditional relational database technology is unable to overcome challenges, such as scaling traffic at low cost, generation of huge volume of temporary data, and others. So, this database is an affordable solution that meets expectations of users.
1. Development of Microservices in Cloud -
Microservices enable the enterprise to have low cost, agile, scalable software development and data management services over traditional databases. It has ability to use many different data models for different services. Ecommerce Company can use micro-services for flexibility and greater speed in their systems. Polyglot persistence is a term used by data professionals for a disengagement of process into a separate data stores and services. With the help of microservices and polyglot persistence, overall performance and execution speed would improve.
2. Growth of the Internet of Things (IoT):
The emergence of Internet of Things, resulted in generation of huge amount of data. Auto insurance companies are demanding these systems to track activities of their customers. They are getting acquainted with benefits of IoT. As a result, these companies are also in business of big data and NoSQL analytics. In addition, retail and healthcare sectors are also entering in this business eyeing the benefits of IoT. So, it is needed for structuring the huge volume of data generated in the unstructured format.
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3. Big Data and NoSQL are the new normal -
The adoption has been slow over many years, but it is gaining traction as managing unstructured data is significant for businesses. Both data people and software developers need big data and NoSQL for different purposes. Software developers need agility, complete their projects faster, and in iterations. While, data people need consistency, safety, and reliability. Dr. Vladimir Bacvanski, the co-founder of SciSpike, said, “The data side has realized that they need to take care of these new systems somehow. And the developer side understands that these new systems certainly need better Data Governance. The benefits are finally much clearer to everyone.”
Analysts studying the market have revealed a thorough information on changing market dynamics in research reports. Allied Market Research had published a report titled, “World NoSQL Market - Opportunities and Forecasts, 2013 - 2020.” As per the report, the world NoSQL market is expected to register a CAGR of 35.1% from 2014 to 2020 and would reach $4.2 billion by 2020. The report provides a comprehensive analysis of detailed segmentation, value chain analysis, drivers & opportunities, and competitive scenario.
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