Top 10 Trends in Big Data

Posted October 24, 2016 By  Cynthia Harvey

"Big data" is no longer just a buzzword. Researchers at Forrester have "found that, in 2016, almost 40 percent of firms are implementing and expanding big data technology adoption. Another 30 percent are planning to adopt big data in the next 12 months."

Similarly, the Big Data Executive Survey 2016 from NewVantage Partners found that 62.5 percent of firms now have at least one big data project in production, and only 5.4 percent of organizations have no big data initiatives planned or underway.

Researchers say the adoption of big data technologies is unlikely to slow anytime soon. IDC predicts that the big data and business analytics market will increase from $130.1 billion this year to more than $203 billion in 2020. "The availability of data, a new generation of technology, and a cultural shift toward data-driven decision making continue to drive demand for big data and analytics technology and services," said Dan Vesset, group vice president, analytics and information management. "This market is forecast to grow 11.3 percent in 2016 after revenues reached $122 billion worldwide in 2015 and is expected to continue at a compound annual growth rate (CAGR) of 11.7 percent through 2020."

While it's clear that the big data market will grow, how organizations will be using their big data is a little less clear. New big data technologies are entering the market, while use of some older technologies continues to grow. This slideshow covers ten top trends that will likely shape the big data market in 2017 and beyond.

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