Big Data is big news these days with analysts and consultants predicting big gains for this critical technology. It also poses big questions about how to best develop and execute effective strategies. Consider the following challenges and opportunities faced by IT decision-makers:
* IDC reports that the Big Data technology and services market will grow at a 31.7% compound annual growth rate (CAGR) – about seven times the rate of the overall information and communication technology (ICT) market – with revenues reaching $23.8 billion in 2016.
* Frost & Sullivan observes that cloud data storage, social networking (both huge contributors to structured and unstructured Big Data volume) along with mobile devices, Big Data analytics, and bring your own device (BYOD) are creating holes in IT security that organizations lack the resources to plug.
* 85 percent of Fortune 1000 C-Suite executives surveyed by New Vantage Partners report that they have already launched Big Data initiatives to enable data-driven decision-making. It has, they report, resulted in smarter business decisions. The vast majority of NVP survey respondents – primarily from large organizations such as GE, the Department of Defense, CitiGroup, Wells Fargo Bank, CVS/Caremark, Aetna, American Express and Freddie Mac, among others – say they are fully prepared to invest in Big Data initiatives that will deliver real business value. However, what does that really mean?
This BizTechReports multimedia thought leadership initiative will explore the strategic, operational, financial and technological aspects of an enterprise-wide Big Data project. It is designed to help IT decision-makers better understand the key issues and options — as well as to showcase the expertise of the exclusive technology provider that commissions this project.
If you are interested in reviewing the BizTechReports prospectus for this thought leadership initiative, contact Nils Larston: email@example.com or call 888 516 4306 x 105.