By On November 30, 2013
The theme of Big Data has spawned a tremendous amount of attention and investor interest in recent years. While much of the big data hype has focused on the storage, structured and unstructured processing technologies, London based investment bank GP Bullhound predicted that some of the most exciting developments are in the fields of Predictive Analytics and Advanced Visualization.
The “Exabyte Research Report” of the international tech investment bank GP Bullhound shows why the investment activities currently skyrocket. Based on over 30 interviews with technology providers, investors and customers, the study shed light on developments in the Big Data market. As per report, big data has already furnished $1.4 billion worth of investment over the last 12 months and has been able to achieve revenue of more than 200 per cent last year.
A large chunk of progress is coming from processing information and using analytics. The report said over 17 percent of information processing individuals eventually use big data analytics and the number is expected to progress to over one third of information workers by 2016.
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