By 2022, Statista predicts that big data and analytics revenues will be at 274.3 billion dollars. In healthcare alone, projections show the industry could save as much as 300 billion dollars if it could only integrate its big data with other systems and business processes.

While these projections on corporate investments and benefits are significant, organizations continue to lag when it comes to effectively managing big data projects. “It’s pretty well understood that data science is a key driver of innovation, but few organizations know how to consistently turn data science output into business value,” said Nick Elprin, CEO and Co-Founder of Domino Data Lab.

Source: techrepublic.com
Author: Mary Shacklett