Big Data in It Market Trends, Demand, Opportunity and Forecast

Summary

Maximum share of executives confirmed that they are already using a big data platform within their organizations. This indicates that big data analytics is gaining momentum across the world and is rapidly emerging as the preferred solution to deal with changing business and technology requirements, compared to other traditional data management and processing tools. Moreover, maintaining strong business leadership and sponsorship is critical for successful adoption of big data initiatives within the organizations. Big Data platform provides highest potential benefits for marketing/brand management function. However, organizations identify certain challenges in managing big data such as complexity, lack of skill set, and privacy and security issues to access and deploy data.

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Key Findings

- 47% of executives indicated that they are already using a big data platform within their organizations.

- Overall, 75% of executives from medium-sized companies identify that implementation of big data platforms makes their business more data-focused.

- Overall, 52% of executives' observe that investment in big data will provide greater business agility to their organizations.

- Organizations identify complexity, lack of skill set, and privacy and security issues to access and deploy data as the pressing challenges in managing big data.

Synopsis

Kable's Big Data in IT industry: Outlook, Challenges, and Business Benefits, examines executives' opinion on key business benefits influencing investment in big data projects, challenges faced in managing and securing profitable returns from big data, and the big data platforms which are projected to witness increasing prominence within the IT industry. Additionally, it provides information categorized by region and company...