Big Data predictions
Here are some interesting Big Data predictions:
Market
- The market for big data will grow to $16.1 billion by the end of 2014, that’s 6 times faster than the overall IT market!
- Cloud infrastructure will be the fastest-growing part of the big data market, with a 2013-2017 CAGR of close to 50%.
- The big data professional services market will exceed $4.5 billion in 2014.
- The number of vendors providing Data Analytics services will triple over the next three years and these firms will aggressively target scarce big data talent driving up costs
People
- The analytic talent shortage will grow.
- Salaries for analytic professionals will increase
Investment
- Investors will move from information management to the analytics & discovery and applications layers.
Solutions
- The majority of BI vendors will make data discovery their prime offering, shifting the emphasis from reporting-centric to analysis-centric.
- Big data confusion will constrain spending on BI and analytics software to single-digit growth.
- More than 50 percent of analytics implementations will make use of event data streams generated from instrumented machines, applications and/or individuals.
- Prescriptive analytics will be the area with most interest
- There will be a big increase in the number of organizations applying machine learning to their analytic insights to make better decisions for strategic planning, manufacturing, selling, supply chain management, marketing, scheduling and nearly every other aspect of business operations.
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