Are Big Data Firms Really the Next Big Thing?
May 17, 2012
If these wild and crazy numbers are to be believed, the rise of open source big data solutions is about to accelerate abundantly. ComputerWorld’s piece, “Explosive Growth Expected for Hadoop, MapReduce-Related Revenues: IDC,” shares conclusions of a recent report from analyst firm IDC. The paper projects that this market will go from $77 million last year to nearly $813 million in 2016. Writer Chris Kanaracus notes:
“Hadoop has enjoyed a steady stream of interest from commercial analytics and database vendors in recent years, who have begun offering commercial products and services for it.”
That is true. Given IDC’s enthusiasm, one might be tempted to hurry and snap up some stock in Hadoop-related companies like Lucid Imagination. However, there are some caveats to this “next big thing.” The Economic Times cautions us about “Big Data, Big Opportunities, Big Myths.” The write up notes that, often, hot trends within the technology and investment communities:
“. . . misjudge their own importance and collapse dramatically. Big data is the latest of these movements. Tech firms created a buzzword and then a global movement that comprise hardware, software and services companies. Investors started jumping in recently and now the universities have started creating special courses. Yet the big data market is small compared to several other sectors.”
So, big data solutions will either soar and make investors rich, rich, rich, or . . . not so much.
Cynthia Murrell, May 17, 2012
Sponsored by PolySpot
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