The technology world is now awash with three big technologies – Cloud Computing, Big Data and Mobility abbreviated as CBM are going to control the future of the technology market. According to the IDC (International Data Corporation- a provider of marketing intelligence, advisory services and events for the information technology, telecommunication and consumer technology markets) – the magnitude and size of the market of big data and analytics would reach by more than $125 billion by the end of 2016. Organizations are looking to add value to their businesses by taking the help of machine-generated data coming from employees, customers/clients.
In real terms big data refers not only to large data sets but also refers to frameworks, tools and techniques used to analyze it. This data can be collected through any data generating processes that include social media, public utilities structured or unstructured. The other feature of big data is the Real Time Big Data Analytics that involves collecting and analyzing the data constantly with the main purpose behind it, is offering instant insights to the users through a continuous process loop. Big data is now a booming global industry with organizations making efforts to make the big data available in the form of easily consumable analytics.
Prominent IT companies are even offering Big Data as a service solution for organizations in the form of Big Data technologies such as Hadoop, Spark, and Hive etc. There is a huge requirement of big data analysts with an estimated shortage of 140,000 to 190,000 people with analytical expertise in U.S. Companies are expected to move their in-house data analysis to technology partners specializing in big data analysis during 2016.
The other technology that is dominating the technology market is cloud computing which is categorized into three main types of cloud computing services such as Software as a Service (SaaS), Platform as a Service (PaaS) and lastly Infrastructure as a Service (IaaS). IaaS is growing more than five times faster than IT spending across all categories with Gartner forecasts public cloud IaaS would grow at 29.1% CAGR reaching in terms of monetary calculations to be around $44.4 billion.
Cloud computing as SaaS application is growing stronger with businesses improving their overall agility with cost savings through the medium of Saas. Data is moving to the cloud at faster pace with an estimated 36% of data be expected to migrate to cloud by the end of 2016. Mobility has emerged as the third front of technology with enterprise mobility through Smart phones, tablets, and iPhones in the form of mobility services helping organizations in improving the employee interactivity and creating seamless customer interaction to achieve competitive advantage. Mobile cloud computing has emerged as convergence of cloud and mobile computing in promoting the growth of various applications and services that can be delivered or be accessible through any device or media.
Author Bio: Luke Lonergan
Luke Lonergan is the co-founder & CTO in Greenplum and expert in Big Data & Cloud Computing. Luke Lonergan believes that these three technologies are where big players are placing their bets right now with more cooperation and alliances emerging on the far ends of spectrum of technology ecosystem.