$7.2B: Big numbers for big data
By
Nick Wakeman
Spending on big data analytics is expected to grow as agencies look for efficiency and better decision making, according to a new Deltek study.
New research from Deltek Inc. pegs federal government spending on big data at $7.2 billion by 2017.
Currently, big data spending stands at $5 billion. The market research firm defines big data spending as hardware, software and services that are used for advanced analytics programs, data visualization and data management.
“Driving this spending surge is a critical need to turn big data into knowledge so it can be applied for better decision making about countless public safety matters, including thwarting terrorism and developing cures for communicable diseases,” the company said in a statement about its new research report: Federal Big Data Outlook, FY 2012-2017.
Other drivers include:
- Expanding data sets that cannot be analyzed using traditional computing and analytical tools.
- Desire to use data to increase efficiency, reduce costs and meet agency missions.
- Increased affordability of analytics solutions.
- The shift toward cloud computing, which enables greater computing and analytical capabilities.