While big data is already a big business, it’s still in its early stages.
In 2013, information technology spending driven by big data functional demands will total $34 billion. By 2016, the industry-wide impact driven by big data will be $232 billion, estimates Gartner Inc., a technology research and advisory firm.
“A lot of the work up until now has been focused on how to collect, store and retrieve the huge flood of data,” said Charles Gillespie, founder of Semantic Research Inc.
