Friday 17 July 2015

6 Predictions For The $125 Billion Big Data Analytics Market in 2015: Big Data Analytics ; Data Mining Science Training @ Epoch Research Institute India Largest SAS Training


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Source: Gil Press, Contributor


The big data and analytics market will reach $125 billion worldwide in 2015, according to IDC. Both IDC and The International Institute of Analytics (IIA) discussed their big data and analytics predictions for 2015 in separate webcasts yesterday. Here are the highlights:
Security will become the killer app for big data analytics

Big data analytics tools will be the first line of defense, combining machine learning, text mining and ontology modeling to provide holistic and integrated security threat prediction, detection, and deterrence and prevention programs. (IIA)
IoT analytics will be hot, with a five-year CAGR of 30%

The Internet of Things (IoT) will be the next critical focus for data/analytics services. (IDC) While the IoT trend has focused on the data generation and production (sensors) side of the equation, the “Analytics” of Things is a particular form of big data analytics that often involves anomaly detection and “bringing the data to the analytics.” (IIA)
Adoption of technology to continuously analyze streams of events will accelerate in 2015—it’s all about speed and small units of data. IoT back end as a service (BaaS) will emerge, as players—including Amazon, IBM IBM -1.2%, andMicrosoft MSFT -1.2%—continue to stitch together a wider variety of platform as a service (PaaS) services, including stream processing, data triggers, indexing and synchronization, and notifications, into more tightly integrated offerings directly marketed to the growing community of IoT developers. (IDC)

Buying and selling data will become the new business bread and butter 70% of large organizations already purchase external data and 100% will do so by 2019. In parallel, more organizations will begin to monetize their data by selling them or providing value added content. (IDC) Companies will double their investment in generating new and unique data. “You can’t go into a data-based business without some unique data that gives you competitive differentiation.” 2015 will mark an inflection point of intentional investment by mainstream firms in generating and monetizing new and unique data sources. (IIA)
Source : http://blogs.sas.com/content/sastraining





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