Big Data and Big Future Assessment
Big data is one of the fastest growing areas of information technology. Big data is large amounts of data that can easily be analyzed to identify patterns or predict trends. It will affect nearly every technology space, including the Internet of Things, cloud computing and cybersecurity.
As technology continues to allow for rapid and large-scale acquisitions of data, many businesses will continue to rely heavily upon big data. Customer service trends can be evaluated by customer support and contact center industries. Marketing companies can analyze data to determine which advertisements resulted in the most conversions. Restaurant chains can analyze the huge amount of feedback that is being generated online and locate and analyze it. Transportation services can spot trends in traffic usage at certain times of week. Retailers can predict how well certain products might sell by changing the layout of their stores. There are many uses for big data that are almost as numerous as the existing big data.
Big data is a key component of business success.
Many industries have already implemented big data strategies to convert large amounts of information into actionable insights. These efforts are only a small part of the big data storm. According to IDC research, the global big data and technology services market will reach $48.6 Billion by 2019. This is a projected compound annual growth rate (CAGR) of 23 percent between 2014-2019, as all big data tributary market are expected to experience big gains. Infrastructure, which includes security architecture and data center, will see a nearly 22 percent compound annual growth rate; Data management, analytics, and capture – all of which fall under the software market for large data – will see a 26 percent CAGR. Services, which include IT support for the components of the sub-markets aforementioned, will experience a 22 percent increase in CAGR.
IDC predicts that big data will be the main driver of growth, as it is known for being beneficial in some capacity to all business sectors.
The data storm has already begun
Although not shocking, the IDC’s projections seem staggering. Big data is already being used in a variety of industries. According to a recent SAP survey, financial firms are currently evaluating the role of big data in their future business ventures. Only half of respondents felt capable of extracting meaningful insights from data. However, 79 percent of respondents stated that they need to develop or acquire advanced analytics capabilities in order to keep up with the increasing amount of information generated by the digital world. 84% believe that being able to quickly transform data into actionable insights will be key to the success of their businesses.
This is what it means for IT workers
The big data boom will not only benefit companies, but also information technology professionals with DB2 certification. According to Robert Half Technology and The Creative Group, data engineers and data scientists will see salary increases of almost 9 percent in 2016. These projections, like IDC’s research are based on IDC’s belief that big data analysis will be beneficial to an increasing number industries.
The demand for professionals with DB2 certification and SQL certification will increase in the years to come. VCP certification will also be more valuable as virtualization and data center consolidation become top priorities. This will make VCP certification essential for the development of a better big data infrastructure.
Big data will ultimately play an important role across all industries and will impact almost every area of information technology. Numerous studies support this conclusion. Now is the perfect time to begin earning credentials to become a big-data specialist. IT professionals will be better prepared for exciting new career opportunities that might lie around the corner if they are more knowledgeable about big data analytics.
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