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The Demand for Big Data is on the Rise in APAC

Besides the increasing interest in artificial intelligence and machine learning, companies in the Asia-Pacific region are also investing large sums of money in big data and business analytics (BDA) solutions to improve business performance, detect fraud, and maintain a competitive edge in the global economy.

A report by technology research firm IDC says revenue for BDA solutions is likely to reach $27 billion mark by 2022, witnessing a CAGR of 15.1% during the forecast period (2017-2022). What’s more, the BDA revenue will hit $15.3 billion by the end of this year, up from last year’s 14.3%.

Source: entrepreneur.com
Author: Pooja Singh

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