IDC Says Big Data is the Next Big Thing

Hi, I wonder what you are all doing with big data, IDC forecasts massive adoption .. see what they are saying:

International Data Corporation (IDC) today released a worldwide Big Data technology and services forecast showing the market is expected to grow from $3.2 billion in 2010 to $16.9 billion in 2015. This represents a compound annual growth rate (CAGR) of 40% or about 7 times that of the overall information and communications technology (ICT) market.

"The Big Data market is expanding rapidly as large IT companies and startups vie for customers and market share," said Dan Vesset, program vice president, Business Analytics Solutions at IDC. "For technology buyers, opportunities exist to use Big Data technology to improve operational efficiency and to drive innovation. Use cases are already present across industries and geographic regions.

"There are also Big Data opportunities for both large IT vendors and start ups," Vesset continued. "Major IT vendors are offering both database solutions and configurations supporting Big Data by evolving their own products as well as by acquisition. At the same time, more than half a billion dollars in venture capital has been invested in new Big Data technology."

Read the full story here

Let us share some of the things we are doing with big data, I am not so sure if we are going to do anything with that in the next 2 years but maybe I should re consider.

Big Data ..
Of course it is going to be the next big thing if every business analytics and every data warehouse is being referred to as big data .. as if big data is born big already.