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Hadoop recently celebrated its 10th birthday, advanced analytics have become even more sophisticated, and a plethora of startups have arisen to help organizations wrangle all the data and pull out insights. With all that in mind, here are nine big data and analytics startups to watch.
Big data and analytics are hot growth areas, not only for IT organizations, but for businesses across all industries.
Visionary executives are finding opportunities beyond existing and traditional data repositories, such as on-premises CRM and ERP systems. Today’s data can include social media posts, customer journey information, Internet of things (IoT) data, and more.
Indeed, market research firm IDC released a new prediction for the market in November 2015. The firm said the big data technology and services market is expected to increase at a compound annual growth rate (CAGR) of 23.1% over the 2014-2019 forecast period, with annual spending reaching $48.6 billion in 2019.
“The ever-increasing appetite of businesses to embrace emerging big data-related software and infrastructure technologies while keeping the implementation costs low has led to the creation of a rich ecosystem of new and incumbent suppliers,” said Ashish Nadkarni, IDC program director, enterprise servers and storage, in a prepared statement.;