Top data analytics trends that are disrupting the financial industry
Big data is revolutionizing the business and technical scenarios in the present era of modernization. Numerous financial events take place every day and the financial sector is greatly involved in… Continue reading
The 5 Best Data Visualization Tools For Every Business
With droves of data, these data visualization tools offer a comprehensive look at ongoing operations and forecasts to help teams thrive in the digital transformation age.
In the age of accelerated… Continue reading
Big data challenges traditional data modeling techniques
The onslaught of big data, with its high data volumes and diverse data structures, has given rise to new technologies in the form of NoSQL, Hadoop, Spark and the like. NoSQL, particularly, calls for changes… Continue reading
What is a graph database?
A better way to store connected data
Learn why graph database excels at exploring highly connected data, and how to leverage them in your organization. Key-value, document-oriented, column family, graph, relational.
Today we seem to have… Continue reading
The cloud-fueled shift now underway
Public clouds are the future of enterprise big data analytics, and their use is creating the unified platform needed to fully gain its value.
Today’s big data analytics market is quite different from the industry or even a few years ago. The coming decade will see change, innovation, and disruption ripple through at every segment of this global industry.
In the recently published annual update to its market study, Wikibon, the analyst group of SiliconAngle Media, found that the worldwide big data analytics market grew at 24.5 percent in 2017 from the year before. (I work for Wikibon.)
This was faster than forecast in the previous year’s report, owing largely to stronger-than-expected public cloud deployment and utilization as well as accelerating the convergence of platforms, tools, and other solutions. Also, enterprises are moving more rapidly out of the experimentation and proof-of-concept phases with big data analytics and are achieving higher levels of business value from their deployments.
Going forward, Wikibon forecasts that the overall big data analytics market will grow at an 11 percent annual growth rate by 2027, reaching reach $103 billion globally. Much of the market growth in later years will be sustained by the adoption of big data analytics in the internet of things (IoT), mobility, and other edge-computing use cases. Continue reading