During the past several years, the cloud computing phenomenon has surged forward in the tech sector to become one of its most dominant segments. Although a certain amount of doubt has persisted among some regarding the security and overall lifespan of cloud platforms, these tools remain popular for countless businesses and organizations of all sizes.
The same statements can, almost word for word, be made about business intelligence software tools that harness the actionable potential of big data. There has been a similar atmosphere of furious interest in the trend coupled with significant doses of skepticism. It may seem as if those who are not interested in either of these business trends are fervently waiting for the other shoe to drop.
However, two recent industry reports pointed out that both cloud computing and software related to big data are likely to experience considerable growth in the next few years. It would behoove those who are unsure about deploying analytics or cloud platforms to review this information and consider where these tools could fit into their business plans for the future.
IT spending increasingly focused on the cloud
Research firm Gartner recently released a new report gauging the future of cloud implementation, and it made it clear that the presence of these tools is only bound to expand. Specifically, by 2016, the IT budgets of most businesses and organizations will be largely directed toward the cloud. By 2017, hybrid cloud deployments in particular will be in place for approximately 50 percent of large enterprises.
Chris Howard, research vice president at Gartner, elaborated on this in a recent statement.
"Overall, there are very real trends toward cloud platforms, and also toward massively scalable processing … Services delivered through the cloud will foster an economy based on delivery and consumption of everything from storage to computation to video to finance deduction management."
Further growth in the big data market
Another research organization, Visiongain, issued a study centered around the increasing presence of big data and related tools between 2013 and 2018.
"The overall big data market is growing at a rapid pace and will continue to do so over the forecast period 2013-2018 … 80 percent of the enterprises in the developed world are now investing at least some part of their IT budget on big data," the report stated.
During this period, the value of the big data market is projected to reach $12.4 billion. This can be seen as indicative of industry confidence in the usefulness of such tools.