The document outlines 10 predictions for the big data market over the near and long term. These predictions include: 1) growing demand for visual data tools; 2) faster growth of cloud-based big data analytics compared to on-premise solutions; 3) continued staff shortages for data analysis roles; 4) unified data platform architectures becoming standard; 5) increased use of machine learning applications; 6) more organizations purchasing external data; 7) growth in analyzing data streams like IoT data; 8) more attention on decision management platforms; 9) increased analysis of rich media like video and images; and 10) half of consumers regularly interacting with cognitive computing services by 2018. The predictions are from market research firm IDC.

1. 10 BIG DATA
for
Predictions
Revisited
A Data Science Company

2. Top 10 near-term and long-
term predictions for the big
data market

3. 1. Big Demand for Visual
Tools

4. “Visual data discovery
tools will be growing 2.5
times faster than rest of
the business intelligence
(BI) market

5. 2. Cloud Big Data Analytics
Takes Off

6. “Over the next five years
spending on cloud-based
Big Data and analytics
(BDA) solutions will grow
three times faster than
spending for on-premise
solutions.

7. 3. Big Data Staff Shortages
Remain

8. In the U.S. alone there will
be 181,000 deep analytics
roles in 2018 and five times
that many positions
requiring related skills in
data management and
interpretation,” IDC
predicted

9. 4. Unified Data Platform
Architectures Take Hold

10. “By 2017 unified data
platform architecture will
become the foundation of
BDA strategy.

11. 5. Machine Learning Comes
of Age

12. Machine learning,” is
accelerating this year.
“These apps will grow 65%
faster than apps without
predictive functionality

13. 6. External Data Gains
Budget

14. 70% of large organizations
already purchase external
data and 100% will do so
by 2019

15. 7. Data Streams Come of
Age

16. Adoption of technology to
continuously analyze
streams of events” is
accelerating this year as it
is “applied to Internet of
Things (IoT) analytics,
which is expected to grow
at a five-year compound
annual growth rate (CAGR)
of 30%

17. 8. Decision Management
Platforms Gain Attention

18. Decision management
platforms will expand at a
CAGR of 60% through 2019
in response to the need for
greater consistency in
decision making and
decision making process
knowledge retention

19. 9. Rich Media Gets Analyzed

20. Rich media (video, audio,
image) analytics will at
least triple in 2015 and
emerge as the key driver
for BDA technology
investment

21. 10. Think About This

22. By 2018 half of all
consumers will interact
with services based on
cognitive computing on a
regular basis

23. Thank you to IDC
for the predictions
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Source:
IDC
http://www.information-management.com/gallery/idcs-10-big-data-predictions-10027476-1.html A Data Science Company