IBM, at its annual investor briefing, revealed that the giant is increasing its revenue target for big data and analytics from $16 billion previously to $20 billion for its 2015 targets. Some of IBM’s strategic growth initiatives include – business analytics, Smarter Planet, cloud computing, and emerging growth markets. These are supposedly key drivers of growth for IBM’s 2015 goals.
Big Money For Big Data
Cost is a very important factor for several corporations. It is one of the biggest hurdles to carve out a big data strategy, depending on how much data we’re actually looking at. Big Data spending is all set to cross $25 billion in 2013 alone. Corporations in certain segments, especially those anticipating a much larger data volume, are keener on keeping data online (on private clouds) so that they comply with certain regulations. Enterprises are also looking at making the most of all the raw data they can get hold of from various sources to judge better analytics. But with hardware prices continuously falling, spending should also come down – depending on what platforms and services corporations select as a part of their big data strategy.
Big Companies Will Make Big, Big Data Acquisitions
Corporations like IBM and Oracle will not spend money buying services from other companies and instead will look into tapping the growing demand by acquiring smaller companies. Both Oracle and IBM would strive towards becoming one of the biggest big data service providers to companies worldwide.
Hadoop Alternatives May Rise
Apache’s Hadoop has gained significant popularity amongst the enterprise sector. Several banking institutions, communication firms and even retailers are using Hadoop as a part of their core big data strategy. However this year, things may slightly change for Apache. Corporations are now slowly adopting a stack of different open technologies like private clouds to easily manage data – as a combination of databases and data warehouse environments. Enterprises are keener on getting their solutions placed right into their strategy without causing any trouble to their existing IT placements.