Posts tagged ‘Foursquare’
Big Data Tools Need to Get Out of the Stone Age: Business Users and Data Scientists Need Applications, Not Technology Stacks
Things have been crazy at PatternBuilders recently. The excitement and positive reactions to FinancePBI, our Financial Services big data analytics solution, from media, analysts, venture folks, cloud infrastructure partners, and users has been amazing. Our new cross industry graphical big data correlation mashups are generating a lot of excitement as well—we like to call this feature Google Correlate on steroids. Check out how our newest partner analytics consultancy, InsightVoices, has used it to find relationships between stock prices and traffic sensor data.
Mary’s recent post on Strata West 2012 provides a great overview of how hot the hype cycle around big data has become (while managing to work in a plug for her favorite gory TV series as well). In case you’re still not convinced, here are some additional nuggets:
- The market for big data technology worldwide is expected to grow from $3.2 billion in 2010 to $16.9 billion in 2015, a compound annual growth rate (CAGR) of 40% (hat tip to IDC).
- The amount of big data being generated continues to grow exponentially, now being expected to double in two years. This is largely driven by social networks, smartphones, and really cool IP-enabled devices like the Fitbit and this IPhone-based brain scanning device by our new Strata buddy Tan Le at Emotiv Lifesciences. Yes, she is much smarter than us but we like her anyway!
- The White House is even doing its share, investing $200 million a year in access and funding to help propel big data sets, techniques, and technologies while giving a shout out to our friends at Data Without Borders.