Global spending on Big Data by organisations will exceed $31 billion in 2013, finds a new market forecast by ABI Research. The spending will grow at a CAGR of 29.6 percent over the next five years, reaching $114 billion in 2018. The forecast includes the money spent on internal salaries, professional services, technology services, internal hardware, and internal software. Senior analyst Aapo Markkanen commented, “We estimate that in Big Data initiatives salaries account for about half of the current spending, with the other half allocated to vendors’ products and services. What we’re now seeing is quite significant overspending on salaries, as organisations turn to data scientists and other specialists in order to leverage Big Data in the first place. Similarly, a good share of the money is spent on the associated professional services, which have sprung up to assist firms that are data-rich but skills-poor.”
Posted on: Sat, 21 Sep 2013 12:50:00 +0000
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