Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Montash blog: Big data market just keeps on getting bigger

10/07/2015 by

W1siziisijiwmtuvmdcvmtavmtuvntevmtevotk1l0jpzy1eyxrhlujpz2dlci1cb2xkzxityw5klvntyxj0zxiuanbnil0swyjwiiwidgh1bwiilci2mdb4ndawxhuwmdnlil1d

In recent years, companies have had to increasingly rely on technology to streamline their businesses and stay ahead of the competition. Business intelligence (BI), data analytics and big data tools have become essential for firms wanting to remain prosperous in the modern world. With this in mind, it seems as if 2015 is a year when most decision-makers are arriving at this conclusion.

In a recent survey, it was found that 89 percent of executives believe that big data will equal the internet’s arrival as a way to revolutionise business operations. In addition, 83 percent say they’ve already pursued projects with big data as a way to gain a competitive edge. Meanwhile, customer relationship management (CRM) giant, Salesforce, have said they expect the use of business intelligence (BI) tools and analytical solutions to add $13bn to their 2015 total addressable market (TAM).

Big data predictions

With big data becoming an essential information source, Forrester Research suggests that both SAS and IBM are expected to be major players in the big data predictive analytics market. Gartner’s latest Magic Quadrant highlighted that both companies are used to developing solutions from scratch and are, therefore, in a prime position to offer the right tools to modern businesses. With Frost and Sullivan expecting revenues for the big data market to reach $122bn by 2025, it’s an area that companies can’t afford to ignore. In fact, 79 percent of business leaders say that ignoring big data will likely result in a firm losing its competitive edge and, possibly, even facing extinction.

BI applications and analytics set to boost revenue

Meanwhile, global CRM giant Salesforce has said they expect TAM to be significantly boosted over the coming years by the use of BI tools and analytical solutions. It’s predicted that the most popular applications will be brand reputation, predictive analytics and CRM tools as companies look to engage with their customers in a more personal and efficient manner. Big data is set to be utilised largely for customer analytics, with Datameer revealing that 48 percent of poll respondents stated this use. Meanwhile, 21 percent said they’d use the information for operational analytics, whilst 21 per cent highlighted fraud and compliance.

Overall, it’s predicted by the IDC that the big data and analytical solutions market will rise to $125bn in services, software and hardware during 2015. With the Internet of Things (IoT) and increasingly complex system configurations needing to be rolled out across global firms, this figure is set to climb further in future years.

This article has been written by Colin McGill - Principal Consultant - BI, Data & Analytics Practice, if you would like a detailed discussion about your BI, Data & Analytics recruitment requirements, please contact Colin McGill on: +44 (0)20 7014 0230 or send an email to colinm@montash.com.

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP Recruitment, BI & Data Recruitment, Information Security Recruitment, Enterprise Architecture & Strategy Recruitment , Energy Technology Recruitment, Demand IT and Business Engagement Recruitment, Digital and E-commerce Recruitment, Leadership Talent, Infrastructure and Service Delivery Recruitment, Project and Programme Delivery Recruitment.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.




comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdkvmjkvmdgvmtmvmjkvmjgyl1vudgl0bgvkigrlc2lnbiaomjuplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Are PSLs a Blocker or an Enabler?

2017-10-02 11:00:00 +0100

The use of a Preferred Supplier List (PSL) was intended to support and strengthen relationships and performance between organisations and their third party suppliers. As the technical landscape continues to evolve at rapid rate recruitment and demand for new skills becomes more intense. Are PSLs still the solution or an obstacle to sourcing the right talent? The traditional PSL A dedicated list of partners intended to guarantee quality and availability ...

W1siziisijiwmtcvmdkvmjevmdgvndmvmduvmtmxl1vudgl0bgvkigrlc2lnbiaomjmplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Why do we punish the victims of hacking?

2017-09-21 09:00:00 +0100

Hacks occur every 39 seconds, with 95% of them targeting governments, retailers and the tech industry. If the hackers are caught, they'll face prison time under the Computer Misuse Act. More often than not, the businesses who are victims of those attacks expose themselves to punishment of their own. The laws that determine the duty of protection owed to businesses and their customers is both vague and broad, making them question just how much protection...