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.
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.
Providing effective business analytics tools and technologies to the enterprise is a top priority of CIOs and for good reason. Effective business analytics � from basic reporting to advanced data mining and predictive analytics � allows data analysts and business users alike to extract insights from corporate data that, when translated into action, deliver higher levels of efficiency and profitability to the enterprise.
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Big Data Training for FastTrack Session on Mar 29- Apr 2, 2014