Big Data

/Big Data
Big Data 2017-12-27T02:33:35+00:00

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Big data is a term for data sets so large or complex that they render traditional data processing applications inadequate. Big data can be defined as high-volume, high-velocity and/or high-variety information assets demand cost-effective, innovative forms of information processing that enable enhanced insight, decision making, and process automation.

 A recent research report launched by NOVONOUS estimates the big data market to grow at an expected rate of 43%, forecasting huge opportunities in this sector. This growth is driven by increasing penetration of big data, an increase in analytics services and availability of affordable big data solutions and services to end users.

 The International Data Corporation (IDC) predicts that revenue from the sales of Big Data and business analytics applications, tools and services will increase more than 50% from nearly $122 billion in 2015 to more than $187 billion in 2019. the IDC projects the Australian IT services market to grow to $19.7 billion by the end of 2019.

 The opportunities that the Group have established with its partnership with Wimobilize will not only further enhance the group’s presence in Asia, but will also allow the group to be a part of the rapidly growing industry of Big Data and Advanced Analytics.