EMERGING BIG DATA TRENDS FOR 2018

Big Data Market will be worth US$46.34-billion by end of 2018. This clearly indicates that big data is in a constant phase of growth and evolution. IDC estimates that the global revenue from big data will reach US$203 billion by 2020 and there will be close to 440,000 big data related job roles in the US alone with only 300,000 skilled professionals to fill them. Bidding adieu to 2017 and just in the third month of 2018, we look at the marked differences in the big data space what exciting may be on the horizon for big data in 2018. Tracking big data trends is just similar to monitor the regular shifts in the wind- the moment you sense its direction, it changes. Yet the following big data trends are likely to shape up in 2018.

The expansion of the Internet of Things (IoT) has added innumerable new sources of Big Data into the Data Management landscape and will be one of the major Big Data Trends in 2018 and beyond. Laptops, smartphones, sensors on machines, all generate huge amounts of data for the IoT.

Organizations that are flexible enough to manage and transform the data into useful Business Intelligence, this represents a significant opportunity to gain a competitive advantage (or remain competitive). As Big Data grows, businesses attempt to keep up with it and struggle to turn the data into usable insights. Business Intelligence is key to stay competitive, and Data Analytics provides the up-to-date information needed.

In 2017, some companies expanded their services and software which translated Big Data into visualizations and graphs. This allowed researchers to gather and coordinate information about the general population more efficiently, and improve the customer experience. It also allows leaders to streamline the decision-making process.

The number of companies offering Cloud services will also continue to expand in 2018, resulting in competitive pricing, and allowing smaller businesses to access Big Data resources.

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Contact Name: Claire Deschamps / Email: machinelearningandbigdata@gmail.com