by Angela Guess
Loraine Lawson recently ran the numbers on Big Data. She reports, “As companies unveil their quarterly earnings reports, I can’t help but notice a common trend: Many are crediting Big Data with their big earnings numbers. The most recent — oddly enough — was security vendor Symantec, which credited Big Data, along with a “toxic” security environment, with its $165 billion in revenues for the first quarter. IBM, Informatica and EMC pointed to Big Data as either a boost to existing revenue jumps or anticipated growth projects in the near future. Though analysts warn the Big Data market is still unstable, I thought it’d be fun today to share some stats I’ve collected on Big Data’s costs, adoption and potential.”
The stats include the following: “(1) 94 percent. Hadoop users who perform analytics that weren’t previously possible on large amounts of data, according to a recent survey by Ventana Research. (2) 82 percent. Hadoop users from the same survey who say they can now retain more of their data. (3) 60 percent. Amount Big Data can help retailers improve operating margins, according to a McKinsey & Company report. (4) $300 billion. Additional value each year for the U.S. health care system, two-thirds of which would come in reduced expenditures, according to the same report. (5) $165 billion. Amount Big Data could potentially be worth in clinical data, according to a GetSatisfaction.com graph based on the McKinsey findings. (6) 40 out of 4,000. Forrester Research clients who were able to finish a May survey about understanding and using Big Data. Forrester analyst Boris Evelson report that’s an unprecedented abandonment rate.”
photo credit: laura padgett
