There has been so much hype around Big Data and now finally there is a $ amount associated with it – Jeff Kelly form Wikibon, an open-source-style community of industry analysts, delivered the much anticipated forecast estimating Big Data market will reach the $50 billion mark worldwide by 2017, growing from $5 billion in 2012. IDC with a more modest forecast still predicts 40% a year growth rate reaching close to $17 billion by 2015.

Wikibon expects a significant growth for Big Data as “the new definitive source for competitive advantage across all industries”. There are plenty of examples of where data-driven decision making has made a significant impact in retail, financial services, logistics, consumer packaged goods and even sports with the well-known Moneyball Big Data story. Shipping companies use data on delivery times and traffic patterns for route optimization while retailers leverage data analysis for predictive targeting to increase number of shoppers, store visits and spend per visit.
Our customers are turning blogs, forums and social media commentary as actionable predictors for stock performance allowing them to make significant economic gains by being the first to buy certain stocks before prices go up. Others in the logistics space are leveraging real-time data from multiple sources to better compete for business in a timely and more economical way. The possibilities for agility, innovation and overall business growth are infinite and will drive more investments, as indicated by the analysts’ estimates.
While a lot of the focus in Big Data is driven by the new economical ways to store and process large volumes of data, getting the data is the first step to any Big Data initiative and can be equally challenging. This data is often scattered across unlimited number of internal and external data sources. These include a long tail of social feeds, review sites and news sources, cloud applications, government web-based applications (federal regulations, public data on housing, marriages, foreclosures etc.), channels, suppliers and competitor’s sites. A majority of these sources are difficult to connect to and the data they contain is constantly changing.
Removing this barrier with access to relevant data regardless of source or format will open up even greater opportunities for growth in this new wave of technology revolution called “Big Data”. I can’t wait to see what other game-changing use cases and applications are on the horizon.
By: Hila Segal, Director, Product Marketing




While web data, especially social media data, grows exponentially, the vast array of opportunities for using real-time web data to improve analysis and decision making is limited only by your imagination. These days, companies must incorporate Web data into their intelligence and analysis tools in order to compete. In some industries it’s a matter of survival.