Comparison Study of Different NoSQL and Cloud Paradigm for Better Data Storage Technology

Introduction

In recent years, advancements in Web based technology and the proliferation of sensors and mobile devices interacting with Internet have resulted in immense data sets of user generated content triggered by Web 2.0 companies like Facebook, Google and Amazon.com. Even bigger banking firms like J.P Morgan Chase & Co., Goldman Sachs are facing similar issues of managing intense volume of forex trading and historical financial markets data used in compliance stress testing. These organizations are migrating gradually from traditional relational data base management systems (RDBMS) to more efficient and flexible solutions like NoSQL and Cloud computing. NoSQL solves the basic challenge of storage and retrieval of high-volume dynamic and transactional real time data sets whereas Cloud computing compliments the prior with high on-demand network access to a shared pool of computing resources (e.g., network, storage, applications and services) that can be rapidly used with reduced management effort. Despite the ideal characteristics of NoSQL data stores as cloud data management systems, added with cloud computing competence of shared access, it is difficult to choose an appropriate domain suited model due to the high diversity of these solutions available.

In this chapter, we will deliberate upon the characteristics & classification of NoSQL, as a cloud data management system and Cloud Systems, as the processing unit of the data lake for modern Web. The paper is organized to detail the Data Storage Technologies and Algorithms with focus on the driving factors behind the migration from RDBMS to NoSQL in the industry.