Big data and analytics are becoming increasingly important in federal IT spending. With reduced budgets and staff, government agencies have to rely more heavily on data analytics to help them accomplish their missions.
As a result, big data is one of the few bright spots in federal IT spending. An average of $2.3 billion a year is spent by agencies in gathering, processing, and disseminating data, according to the Department of Commerce Economics and Statistics Administration. The market intelligence team at immixGroup estimates a 5.85 percent compound annual growth rate (CAGR) for big data and analytics from fiscal 2014 to fiscal 2017.
Author: Stephanie Meloni