We project the Big Data market to top $18 billion in 2013, a growth rate of 61%. Looking beyond 2013, we forecast the total Big Data market to approach $50 billion by 2017, which translates to a 31% compound annual growth rate over the five-year period 2012-2017. While the global economic outlook is for slow to stagnant growth over this period, We believe the Big Data market will not be severely impacted and may, in fact, benefit from enterprises needing �to do more with less,� which effective Big Data analytics facilitates.
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.
In a recent survey, 46% of Big Data practitioners report that they have only realized partial value from their Big Data deployments. An unfortunate 2% declared their Big Data deployments total failures, with no value achieved.
The three compelling reasons for this struggle to achieve maximum business value form Big Data are:
� A lack of skilled Big Data practitioners.
� �Raw� and relatively immature technology.
� A lack of compelling business use case.
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Big Data Training for FastTrack Session on Mar 29- Apr 2, 2014