Whenever New Year celebrations kick start, news stations run their yearly recap montages in a thrilling, cinematic fashion. So while we may lack some of the pyrotechnics of those broadcasts, you can still anticipate a lot of excitement from this 2014 Big Data recap. After all, Big Data is such a hot topic of conversation, even the White House is talking about it – but more on that in a bit.
Back when the year started, we discussed how much organizations were spending on Big Data compared to other IT areas (the tally was $34 million according to Gartner). While we are still waiting on the financial figures to come across to draw a direct comparison, there are some other interesting numbers to chew on.
In June, Gartner ran a survey that showed a gradual upward trajectory on Big Data investments from a corporate angle. 73% of the 302 Gartner Research Circle members have already invested in or plan to invest in the next 24 months.
The slight catch here is that deployment of these planned projects hasn’t taken off at the same rate of capital spending. According to Nick Heudecker, research director at Gartner, “The fact is, we are still at the budding stages of deployment and there is a long way to go and a lot to understand before we can fully utilize the true potential that Big Data brings forth.”
Outside of spending trends, there is also the attention Big Data received from the government. The White House released a recommendations report in May at the behest of President Barack Obama to get a clearer understanding of what Big Data represents to society. Led by John Podesta and a panel of experts, the report outlined the positive impact Big Data is having to help save lives, improve strategic decision-making, and determine new economic efficiencies.
What are some of the other Big Data developments to remember from 2014?
- Sport Techie revealed how Big Data has turned into a “game-changer” for NBA teams looking to gain insight into player performance and value
- ChicagoCurbed discussed the influence Big Data is having on Chicago urban city planning and development
- Forbes and Bloomberg covered how Big Data can help healthcare professionals better track Medicaid patient visits to the ER
With 2014 behind us the year ahead has endless opportunities. Imagine for just a moment how having the right knowledge could shape the future of 2015. Be sure to check out our next blog “A look ahead to Big Data advances in 2015”.