The hype surrounding Big Data, which showed no signs of abating in 2012, now has big dollars backing it up. Factory revenue generated by the sale of Big Data-related hardware, software and services took a major step forward in 2012, growing by 59% over 2011(a). The total Big Data market reached $11.59 billion in 2012, ahead of Wikibon�s 2011 forecast. The Big Data market is projected to reach $18.1 billion in 2013, an annual growth of 61%. This puts it on pace to exceed $47 billion by 2017. That translates to a 31% compound annual growth rate over the five year period 2012-2017.
Enterprise practitioners believe the potential value of Big Data is significant, but many are struggling to derive maximum value from their investments in related technology. While a majority a Fortune 500 companies have Big Data deployments in production, and a significant percentage of mid-sized enterprises have proof-of-concept and pilot projects underway, We estimate that close to half have not realized the level of value anticipated at their onset.
The advent of the Web, mobile devices and other technologies has caused a fundamental change to the nature of data. Big Data has important, distinct qualities that differentiate it from �traditional� corporate data. No longer centralized, highly structured and easily manageable, now more than ever data is highly distributed, loosely structured (if structured at all), and increasingly large in volume.
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Big Data Training for FastTrack Session on Mar 29- Apr 2, 2014