Big Data – The Bigger World Of Opportunities & Growth

Let's not get into what the dictionary says about Big Data, we know what it means, what we are here Today is to understand what it really means.

We already know that Big Data is an ever-expanding chunk of large data sets which include all the digital information that floats in the virtual world. This collection is so massive and complex that it is an arduous job to process this much information using our traditional data processing tools and applications.

As a business, when we look at the expanding universe of Big Data, we see limitless opportunities. These opportunities are expanding in two horizons. One is for the corporate and business world, while other is for the Big Data management industry.

For Businesses And Corporate Houses:

Big Data is spinning enormous amount of information with each passing minute, and corporate and businesses are extracting this information to gather data based stats on consumer behavior, market trends, economic conditions, etc. and alter their strategies accordingly to deliver high impact business decisions. It is an opportunity to gain never-before insights of their business and various crucial systems. This in turn, facilitates better decision making and prognostic business growth.

Businesses that realize this opportunity and implement analytics and tactics to benefit from the information that Big Data provides, to improve upon their strategies and working, will no doubt gain a competitive edge over the rest.

For Big Data Management Industry:

According to a recent report, Big Data is expected to become a $25 billion industry by 2015. The growth rate is fueled by industries across various sectors like, retail, manufacturing, telecom, financial services and healthcare. The compound annual growth rate of Big Data is 45%. 

The figures are a real treat for IT companies as they gear up to dominate the international markets with effective and reliable Big Data management solutions. In this scenario, the Indian IT industry is surely in for a rocket speed growth. Tech gurus are predicting an overwhelming growth of the Indian IT industry, growing from $200 million in 2012 to an astonishing $1 billion in 2015. The compound annual growth rate is expected to be approximately 83%! Needless to say, India will be an IT hot spot for the rest of the world.

Indeed, the coming years will witness exceptional growth and dynamics in the field of Technology, data-sharing, knowledge sharing, analyzing information, and the way businesses operate.
As of now, businesses, corporate houses and IT professionals are waiting with anticipation for a lot more to unravel.