Data & Analytics

11:48 AM
Olivia LaBarre
Olivia LaBarre

Defining Big Data

What does big data actually mean, and how does it differ from data management? An industry expert breaks it down.

Many professionals across industries, including the financial sector, say that we're at the forefront of a big data revolution. But what does big data actually mean, and how does it differ from data management? That can be hard for even a CIO to wrap his mind around amid a barrage of data-related buzz.

Thankfully, Mike Atkin, managing director of the Enterprise Data Management Council, helped to clear up some of the confusion surrounding the terms during a recent interview for an upcoming digital issue of Bank Systems & Technology. "Don't confuse data content management with big data," Atkins warned. "Dealing with big data requires mining through massive volumes of data to find trends and reveal insight."

He continued, "Data management has one objective: to deliver to the business users and regulators data that they have trust and confidence in to be fit for a purpose, and to be exactly what they expect it to be without reconciliation."

While I recognize that Atkin is a respected authority on data, I suspect that other industry experts might offer different definitions for the terms big data and data management. How do you define the terms? Keep the conversation going by e-mailing me at

[Read more about big data and how financial institutions can make the most out of data by downloading the February 2012 digital issue of Bank Systems & Technology.]

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.