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Hadoop is an open-source software framework that supports data-intensive distributed applications, licensed under the Apache v2 license. It supports the running of applications on large clusters of commodity hardware. The Hadoop framework transparently provides both reliability and data motion to applications.
The top three reasons mentioned for using Hadoop
Mining data for improved Business Intelligence
Reduces the cost of data analysis
Log Analysis
BigData OnDemand -- The exponential growth of data in the recent past has got 2012 to be named as year of bigdata and the year so far has seen encouraging inventions from various small to big players in data and its analytics areana.
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