Big Data 2013 – Future Trends In The Industry

Big Data 2013 – Future Trends In The Industry

Big data is one of the most modern and latest fields of business in the realm of information technology industry. The major problem associated with this business is that it did not receive much importance in the past decade, which aggregated the problems in this domain of industry.

Unexplored and damped data have amassed, with every corporation comprising a huge business intelligence but there was not any recognized technology to find out the useful information from this gigantic heap of data. This situation has changed a lot. Many companies are aggressively working in this domain of business, including IBM, Intel, and HP.

The big data industry is swelling exponentially – as much as $5.1 billion volume of the industry was recorded in the year 2011. A huge growth is being noticed with the passage of every quarter in this industry. Many new industries are investing huge amounts in research and development to capture the maximum share in this progressive market of business. All big companies like IBM, HP, Intel, Dell, Seagate, Accenture, Fujitsu, Teradata, and many others are getting more and more shares in this domain of the market.

The above mentioned companies have overall revenue in big data business more than $100 million; IBM is leading the others with more than $900 million, followed by Intel and HP. The share of Intel is about $750+ million while HP stands at overall revenue of about $500+ million. This trend is growing very fast with every passing year. It is being anticipated that the overall revenue of the big data industry will be more than $54.3 billion in 2017. This is one of the most astonishing growth rates that present industries are recording.

It has been recorded that the average growth of corporate data is more than 94 percent and other sectors are also recording a substantial growth in their data. The major portion of the corporate data growth is being recorded in the area of databases.

One very important factor is that the effect of the growth in big data is exponential because every company is increasing the efficiency of their services, which triggers growth in the consumption and usage of the services, ultimately increasing the volume of the data. Thus, the growth of big-data volume is circular and keeps increasing exponentially, and so will the big-data industry.

By Walter Bailey

Walter

Walter has been a technology freelance writer for several years. His focus is on Cloud Computing and Big Data.

Sorry, comments are closed for this post.

Comics

At CloudTweaks, we're plugged into the cloud, the internet of things and all that the web has to offer. From wearable technology, to mobile computing, cloud computing and big data, CloudTweaks is your source for updates and news on the most innovative technology.

Popular

Top Viral Impact

Cloud Infographic: Disaster Recovery

Cloud Infographic: Disaster Recovery

Cloud Infographic: Disaster Recovery  Business downtime can be detrimental without a proper disaster recovery plan in place. Only 6% of businesses that experience downtime without a plan will survive long term. Less than half of all businesses that experience a disaster are likely to reopen their doors. There are many causes of data loss and…

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things There are many interesting ways in which companies are looking to connect devices to the cloud. From the vehicles to kitchen appliances the internet of things is already a $1.9 trillion dollar market based on research estimates from IDC. Included is a fascinating infographic provided by AriaSystems which shows us some…

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future of Work: What Cloud Technology Has Allowed Us to Do Better The cloud has made our working lives easier, with everything from virtually unlimited email storage to access-from-anywhere enterprise resource planning (ERP) systems. It’s no wonder the 2013 cloud computing research IDG survey revealed at least 84 percent of the companies surveyed run at…

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs SMEs (Small/Medium Sized Enterprises) make up the bulk of businesses today. Most cloud based applications created today are geared toward the SME market. Accounting, Storage, Backup services are just a few of them. According to the European Commission, cloud based technology could help 80% of organisations reduce costs by…

Featured Sponsors

Watching You Shop: Stores And Mannequins “Read” Their Customers And Respond

Watching You Shop: Stores And Mannequins “Read” Their Customers And Respond

Watching You Shop The mannequin in the store window stares blankly ahead as shoppers look at the clothes it is dressed in and contemplate a purchase. One shopper makes some comments. “It’s nice. I wonder if they have my size.” Another takes a few steps inside the store to see where these particular clothes might…

Sponsors

Can You Run Your Business Entirely From A Mobile Device?

Can You Run Your Business Entirely From A Mobile Device?

Can You Run Your Business Entirely From A Mobile Device? You know the feeling. It’s 8:00 a.m. Your bus is stuck in traffic, so you pull out your phone and start answering work emails. While you may rely on your mobile device’s apps for everything from an alarm clock to a fitness tracker to a…

Placement Opportunities - Find Out!

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

You can help continue to support our community by social sharing, sponsoring, partnering or contributing to this great educational resource.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Join Our Newsletter