December 9, 2017
Worldwide revenues for big data and business analytics will grow from $130.1 billion in 2016 to more than $203 billion in 2020, at a CAGR of 11.7%, IDC estimated.
The availability of data, a new generation of technology, and a cultural shift toward data-driven decision making continue to drive demand for big data and analytics technology and services, said Dan Vesset, Group Vice President, Analytics and Information Management, IDC.
Forbes reports that by the end of 2017, revenue growth from information-based products will double the rest of the product/service portfolio for one-third of Fortune 500 companies. Raw data and various value-added content will be bought and sold either via marketplaces or in bilateral transactions and enterprises will begin to d ...