Middle East facing big data challenge

Skills and infrastructure in demand for big data projects

Tags: International Data CorporationUnited Arab Emirates
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Middle East facing big data challenge Market research firm IDC predicts that the global big data market will grow 40% per year, which is around seven times as fast as the rest of the IT industry.
By  ITP.net Staff Writer Published  October 20, 2013

The Middle East is facing a challenge from the demands of big data projects, which is putting pressure on both skills and physical infrastructure, as the race to unlock value from massive, exponentially increasing datasets heats up.

Market research firm IDC predicts that the global big data market will grow 40% per year, which is around seven times as fast as the rest of the IT industry.

According to IDC, most of that cost will come from infrastructure-investment-calibre storage projects that are set to drive spending in the storage market to growth rates above 61% through 2015.

With big data sets growing by an average of 60% per year or more, based on IDC figures, business research specialists Aberdeen Group suggest that many companies will have to double the volume of their data storage every 2.5 years just to keep up.

IDC's 2012 Digital Universe Study, which was sponsored by data storage service and product giant EMC, estimates that the digital universe will reach 40 zettabytes (ZB) by 2020. The amount exceeds previous forecasts by 5ZBs, resulting in a 50-fold growth from the beginning of 2010.  Machine-generated data is a key driver in the growth of the world's data, which is projected to increase 15x by 2020.

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