Information Delivery Leaders Like PolySpot Light Way for Big Data Software Development
October 29, 2012
The influx of big data in a variety of industries has created a myriad of effects ranging from legal and privacy to business and money. A recent Inc article, “Big Data, Big Money: IT Industry to Increase Spending” discusses the latter. A recent study by research firm Gartner is highlighted in the article. The report said spending will reach $28 billion in 2012 and $34 billion in 2013.
To add to the significance, by 2016, big data technology will account for $232 billion of worldwide IT spending. If it is not already a standardized requirement in information management practices, it is on its way to becoming just that.
We more from the article about this high-growth sector:
While most current spending goes toward adapting traditional software to big data technology, 45% of future spending each year will go to social network analysis and content analytics, the study noted. Gartner also projected that development in “big data functionality” (which can be defined as, essentially, turning big data into something functional) will drive $4.3 billion in software sales in 2012.
An increase in software sales is, of course, a welcome development in the larger scale economy, but it is also good news for improvement in software developments. Leaders in information delivery such as PolySpot are lighting the way for many more to follow.
Megan Feil, October 29, 2012
Sponsored by ArnoldIT.com, developer of Augmentext
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