Industry News Desk
Big Data: "Like Moneyball for Geeks"
Data nowadays is one almighty jungle and Big Data Analytics is the hunter in the jungle...it's also the 'A' in SMAC
By: Jeremy Geelan
Jun. 25, 2013 07:00 AM
2013 is turning into a big year for Big Data. Colorfully described by one commentator recently as being "like Moneyball for geeks", Big Data is - quite literally - the Next Big Thing.
"Big data, as it sounds, is lots and lots of data - inside your business, on the Internet, in the news. It’s information you want to be able to harness, categorize and integrate into your decision-making process. And that’s where cloud computing comes in. You can use the cloud as receptors for all of that data, whether that’s your own cloud, a private cloud or with a cloud provider.
It's also the 'A' in SMAC - Social, Mobile, Analytics, Cloud.
Companies have been striving to harness and leverage the power of their data assets for decades. Now major U.S. corporations and government agencies are finally realizing business value from Big Data.
According to a Wikibon report, the total Big Data market already reached $11.4 billion in 2012. Meantime research firm IDC is predicting that the the market will grow revenue at 31.7% a year, a trajectory that would swell Big Data up to being a $23.8 billion market in 2016, a prediction that triggered GigaOM writer Derrick Harris to remark: "IDC says big data will be $24B market in 2016; I say it’s bigger."
Hot topics that the industry will be discussing at the upcoming 4th International Big Data Expo in Silicon Valley [November 4-7, 2013] include:
Engineers will be coming to the November event with checklists but businesspeople will be coming with checkbooks!
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