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New Wikibon Report Shows Big Data Projects Moving to the Cloud

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Cloud Texture 07by Angela Guess

Paul Gillin reports in SiliconAngle, “Big data projects are ready to move to the cloud on a large scale, but a host of concerns about regulations, ownership and the structural impediments of moving large amounts of data off-site will limit mass adoption of public cloud platforms, says a new Wikibon report. The market for big data in the public cloud was $1.1 billion last year, comprising just five percent of all big data revenue. But it will grow to $21.8 billion by 2026, at that point making up 24% of the total market. Still, early adopters should proceed with caution, advises Wikibon Big Data in the Public Cloud Forecast, 2016-2026 (available on Wikibon Premium; subscription required).”

Gillin continues, “Plenty of big companies are already doing some form of big data in the cloud, including Airbnb Inc., Lyft Inc., Yelp Inc. and Splunk Inc., researchers report, based upon a review of approximately 650 case studies profiled on Amazon Web Services LLC’s website. However, the lack of full scale software-as-a-service (SaaS) applications for big data today is limiting growth. Researchers expect that the applications are on the way, however. Wikibon gathered its data by conducting scores of interviews with big data vendors earlier this year and incorporating extensive user surveys conducted over the past two years. Interviews at trade shows, media reports and other unstructured information was also considered.”

He goes on, “One of the reasons big data in the cloud is so popular in advertising technology, social networks, e-commerce and other customer-facing applications is that the cloud is a good place to merge proprietary data with public data that is already being gathered in the cloud. The cloud is also a good place to experiment with analytics without incurring large capital expenses. The biggest users of cloud-based big data so far have been departments within organizations, which appreciate the rapid deployment advantages.”

Read more here.

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