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Big Data: 2013 Will Be A Big Year of Growth for the Technology
Big data is rapidly being adopted by many companies worldwide. IDC expects healthy revenues from Big Data globally, with Big Data revenues even doubling in some locations like Asia over the next two years. Big Data helps businesses derive business insight from the analysis of large amounts of data. Industry sectors where Big Data has the greatest impact include telecom, health care, and oil and gas.
Rajesh Janey, EMC India and SAARC (South Asian Association for Regional Cooperation) President, said that “The future of information is digital. It is increasingly reflecting in the way we store it, the way consume it and the way we transact whether it’s ticketing for travel or entertainment, retail, banking or otherwise.”
In order for businesses to most productively apply Big Data to their business problems, IDC recommends:
- Big Data capabilities be aligned with Business Case objectives
- The Big Data framework selected should best match the characteristics of the data problems being analyzed
- Deploying new technologies like Big Data come will require that barriers be overcome. Both patience and planning are required.
Craig Stires, Research Director for Big Data and Analytics at IDC Asia Pacific, said that “Big Data solutions are going to be a significant differentiator for the businesses that are able to use them to change their competitive positions. These projects will challenge the current organization and potentially impact numerous business processes. Choosing the right first Big Data project, and having a sponsor with foresight will be a major factor in the success of the organizations Big Data journey.”
