These days every enterprise makes use of big data. Big data analytics offers a veritable gold mine of potential benefits, but it also poses significant challenges that could offset any potential gains.
NewVantage Partners’ Big Data Executive Survey 2018 found that 97.2 percent of the firms surveyed were investing in big data and AI initiatives. All that investment is leading to a booming market. According to IDC, worldwide spending on big data and analytics is growing at a compound annual growth rate (GAGR) of 11.9 percent, and revenues will likely total more than $210 billion by 2020.
Author: Cynthia Harvey