The Big Data technology and services market in the Asia-Pacific excluding Japan is expected to grow from US$258.5 million in 2011 to $1.76 billion in 2016 on the back of a 46.8 per cent five-year compound annual growth rate.
The Big Data market in Asia-Pacific is building the momentum that will deliver a strong acceleration in 2-3 years time. Organisations that start the process now may find themselves with a 12-18 month competitive advantage over those who wait, said Craig Stires research director of Asia Pacific Big Data and Analytics at IDC.
Big Data requires organisations to rethink their technology architectures, processes, and skill sets in order to attain the real value of this phenomenon. Organisations that have already developed an effective business analytics program are positioned to be the first adopters of Big Data technology and approaches.
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