by Angela Guess
Peter Cohan of Forbes has shared five reasons why Massachusetts will rule the Big Data market. He writes, “Big Data companies target a $64 billion database and analytics market, according to the MTLC’s Big Data and Analytics report. Within Massachusetts, there are 120 Big Data companies. These include hardware companies, like EMC (EMC), companies that analyze social media to help marketers pick the right messages and focus new product development, and others that analyze information driving securities prices for traders and operators of trading platforms.”
He continues, “By 2018, MTLC estimates that Massachusetts could employ 120,000 people who work in Big Data. This would represent a doubling of the current number – 12,000 of whom work for the 120 start-ups and the balance who analyze data for big companies in health care, pharmaceuticals, and consumer products, according to the MTLC.”
Cohan gives five reasons why Massachusetts is dominating Big Data. The first is the states Big Data software history: “Cullinet, Computer Corporation of America, Phase Forward, and McCormack & Dodge are among the database companies that started in the Boston area. Their alumni started and worked for newer big data companies like Netezza — International Business Machines (IBM) bought it in November 2010 for $1.8 billion and Endeca — that Oracle (ORCL) acquired for $1.1 billion in 2011.”
Read the next four reasons here.
