A new Open Source framework called Marathon (Developed by Mesosphere) models the success of Big Data giants like Google, Facebook and Twitter. Marathon’s big data industry infrastructure and frameworks, with these claimed capabilities, hold promise in reducing run costs for both startups and more established firms if the implementation projects (and their infrastructure PM’s) can deploy and integrate them with legacy servers/applications, networks and software development & support resources to maintain them.
Although the it shows promise as a cluster manager, the similar projects at Twitter and Facebook required the tooling of load distribution and throttling capabilities and application layer interfaces. That being said, it’s worth a look if you have a Big Data dream for your firm and the open source software engineers capable of the retrofit project.
“There’s a new open source project called Marathon that’s designed to let users intelligently run a wide variety of their applications and services — Hadoop, Storm and even standard web apps — on the same set of servers. Marathon comes out of an early-stage startup called Mesosphere that’s aiming to build a data center operating system on top of the Mesos cluster-management software that’s a key part of Twitter’s infrastructure. The company’s founders are former Airbnb engineers Florian Leibert (who also worked at Twitter) and Tobias Knaup.
Marathon is just one piece of the Mesosphere puzzle, Leibert told me during a recent discussion, but it’s an important one that’s appealing even on its own. Trends such as cloud computing and big data are moving organizations away from consolidation and into situations where they might have multiple distributed systems dedicated to specific tasks.”
Excerpt: “Because all strategic initiatives are programs, it is useful for the leader to possess professional-level knowledge of program management. Program management knowledge has been codified by the Project Management Institute in its recently released Program Management Standard – Third Edition. The book notes five performance domains, which are Strategic Alignment, Stakeholder Engagement, Benefits Management, Governance, and Life Cycle. Now, do you really want to memorize those five domains?”
Author:Greg Githens; Vice President Strategic Initiatives and Innovation. He helps executives turn vision into results and is available for short- and long-term leadership.
Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating output, a good or service which has value and contributes to the utility of individuals. – Wikipedia
The real GDP, nominal, doesn’t take into account either quality of the goods that are produced or any new products that may have emerged in the market since the base year. This is a major deficiency of GDP as a measure of the standard of living in a country over time… – www.khanacademy.org
GDP growth (annual %) – Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. – WorldBank.org
Gross Domestic Product
Gross domestic product (GDP) is a measure of economic activity which captures the value of goods and services that the UK produces during a given period. GDP can be expressed in nominal or real terms. Nominal GDP reflects the value of all the goods and services which are produced in the UK during a given period, using their price at the time of production. – http://www.ons.gov.uk/
“Durable-Goods Drop Imperils Outlook for U.S. GDP Pickup – Bloomberg
Orders for durable goods dropped in July by the most in almost a year, calling into question the strength of the projected pickup in U.S. growth.
Bookings for goods meant to last at least three years fell 7.3 percent, the first decrease in four months and the biggest since August 2012, the Commerce Department said today in Washington. The retreat was broad-based, with demand excluding the volatile transportation category unexpectedly falling.”