Big data has been a buzz word for a while now, although many are still uncertain as to exactly what kind of impact big data can and will have in the future. This is certainly an area that many businesses and even governments are exploring though and it is predicted that the industry will see rapid growth in the next few years. Market value forecasts from various experts also estimate that this industry will grow to a multi-billion dollar industry in the near future. A number of companies, including IBM, HP, Dell and SAP have already been generating generous revenue figures from their big data related products and services.
While many market forecasts are predicting highly lucrative potential for the big data market, a range of market research amongst IT and business professionals has identified a number of concerns and shortfalls with regards to implementing big data projects. Lack of budget and lack of time to invest, are among the leading concerns of IT professionals. Another concern is the lack of expertise in the field with a significant gap forecast between demand and supply of qualified professionals.
While many market forecasts are predicting highly lucrative potential for the big data market, a range of market research amongst IT and business professionals has identified a number of concerns and shortfalls with regards to implementing big data projects. Lack of budget and lack of time to invest, are among the leading concerns of IT professionals. Another concern is the lack of expertise in the field with a significant gap forecast between demand and supply of qualified professionals.
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