By 2024, the world’s enterprise servers are set to annually process the digital equivalent of a pile of books that extends to more than 4.37 light-years to Alpha Centauri, our closest neighbouring star system in the Milky Way Galaxy. And according to the authors of this report published by the UC San Diego, some of the information is quickly discarded, and is transient. But the bulk of the data (literally the iceberg below the water) needs to be sorted, interpreted, and analysed.
Big Data and Analytics are THE hot skills in demand today. And it is easy to see why.
What’s the buzz around Big Data?
According to the International Data Corporation (IDC), the big data market is poised to grow from $130.1 billion in 2016 to more than $203 billion in 2020, at a compound annual growth rate (CAGR) of 11.7%. 84 percent of mid-market businesses in Australia has taken the Big Data route by deploying appropriate solutions. To be able to be sustainable and efficient, businesses are looking at leveraging the power of Big Data as an important item on their corporate agenda.
According to several industry experts, the Big Data sector has recorded six times faster growth than the average growth …
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