5 Predictions about Big Data

Raed MansourIDC research issued its Big Data trends to watch in 2015 last month, predicting higher spending on user-friendly data discovery tools – and on data itself.

What makes these trends so important? Here’s a perspective from IDC’s Dan Vesset, program VP for Business Analytics and Big Data research.

“Leading organisations are changing how they measure their operations, interactions with customers, and resource allocations,” Vesset said in the press release.

Faster access to more relevant data and constant experimentation is creating a further gap between leaders and the rest of the organisations. It is also creating new challenges for IT and business leaders tasked with their organisation’s big data and analytics strategy and execution,” he said.

Of the 10 predictions on IDC’s list, we zeroed in on 5 that intrigued us most.

  1. Visual data: This market is big, and about to get even bigger. IDC says visual data discovery tools will grow 2.5 times faster than rest of the business intelligence market. By 2018, IDC says visual tools will become mandatory for all enterprises. Why? Seeing, for many customers, is believing. Great visual representations help users see and understand the information more easily, using a format that lets them make better decisions, faster.
  2. Analytics in the cloud: IDC says spending on cloud-based analytics services will grow three times faster than spending on local, on-premise analytics. In an increasingly mobile and cloud-based world, users want access to analytics whenever and wherever they need them.
  3. Skills shortage: This is not the first time we’ve heard this, but it can’t be repeated enough. There are too few people to fill data-related jobs, a fact that should alarm executives and government officials at the highest levels. IDC estimates there will be “200,000 deep analytics jobs” in the U.S. by 2018 – and nowhere near enough warm bodies to fill them.
  4. Data markets: Everyone is gathering data these days. But your data, on its own, is not enough. IDC says 70% of big organizations now buy outside data. By 2019, that will grow to 100%. That external data can help improve the quality of your own data, and it can leverage bigger and better insights.
  5. Cognitive computing: It’s finally coming. With data volumes and complexity increasingly rapidly, we need systems and products that rapidly synthesize this information while considering the relevant contexts. These systems learn and get smarter over time. In other words, they operate in many ways like the human brain. By 2018, IDC says half of all consumers will interact with cognitive computing systems on a regular basis.

Want to learn more? Check out this replay of The IDC FutureScape web conference: Worldwide Big Data & Analytics 2015 Predictions. (Registration required.)

Image credit: Raed Mansour

 

Posted in Big Data by Lisa Petrucci

Lisa Petrucci is Vice President of Dun & Bradstreet Global Alliances and Partnerships.

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