Big Data – Business Value

With every passing day, Big Data assumes new strength as a significant force in our industry. Someone even said that Big Data is transforming business same way IT did few decades ago. The overall revenue (includes hardware, software, service) for Big Data is said to be around $5.1B in 2011 and includes players such as IBM, Intel, HP, Fujitsu, etc. This is hard to fathom! But pure-play revenue coming from players such as Vertica, Aster, Cloudera, Greenplum, 1010Data, etc. is valued at $468M in 2011. Then someone said the projected revenue from Big Data will reach an astounding $53B by 2017 (source- Wikibon), growing to $10B in 2013, $32 in 2015 and $48B in 2016. We can argue on these numbers, but let us agree that this will be quite big. Why is that?

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