10 Big Data Trends Driving the Future of Business




Big spending: According to research done by TCS, they have estimated an increase in spending on Big Data initiatives. Most companies have not spent a lot on this front but some companies have spent upto $10 million in this initiatives. In 2012, fifteen percent of companies had spent more than $100 million on this initiative. The companies Iike transportation, telecommunications and banking sectors have spent more in this avenue than companies into life sciences, retails spending the least.

Return of Investment: when it comes to spending for initiatives in Big Data, the ROI is very important. According to the survey, sales and marketing have generated the highest ROI but in the future finance and logistics are expected to earn and benefit the most. Logistics were listed the most when companies were asked to rate the sector that would make the most returns from this is initiative.

Big Data implementation: Many organizations and big data houses have already started using their data collection to get revenue. Not only revenue but also allows it to help in research or data monitoring. Vestas, a Danish company, uses super computers and its huge resource of data to help give solutions for optimal locations for planting a wind turbine, thus helping it enhance the utmost use of wind from that region.