The document outlines 10 predictions for the big data market over the near and long term. These predictions include: 1) growing demand for visual data tools; 2) faster growth of cloud-based big data analytics compared to on-premise solutions; 3) continued staff shortages for data analysis roles; 4) unified data platform architectures becoming standard; 5) increased use of machine learning applications; 6) more organizations purchasing external data; 7) growth in analyzing data streams like IoT data; 8) more attention on decision management platforms; 9) increased analysis of rich media like video and images; and 10) half of consumers regularly interacting with cognitive computing services by 2018. The predictions are from market research firm IDC.
6. “Over the next five years
spending on cloud-based
Big Data and analytics
(BDA) solutions will grow
three times faster than
spending for on-premise
solutions.
8. In the U.S. alone there will
be 181,000 deep analytics
roles in 2018 and five times
that many positions
requiring related skills in
data management and
interpretation,” IDC
predicted
16. Adoption of technology to
continuously analyze
streams of events” is
accelerating this year as it
is “applied to Internet of
Things (IoT) analytics,
which is expected to grow
at a five-year compound
annual growth rate (CAGR)
of 30%
18. Decision management
platforms will expand at a
CAGR of 60% through 2019
in response to the need for
greater consistency in
decision making and
decision making process
knowledge retention
22. By 2018 half of all
consumers will interact
with services based on
cognitive computing on a
regular basis
23. Thank you to IDC
for the predictions
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Source:
IDC
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