Pushing out benefits of real-time analytics

MUCH has been made of the big data and analytics market, with many IT vendors proclaiming the inevitable growth of this market.

The benefits of having real-time insights to make critical business decisions, however, will not trickle down to local small and medium enterprises (SMEs) until there are cost-effective, subscription-based options offered by service providers.

According to IDC's worldwide Big Data Technology and Services 2013-2017 Forecast, the market is expected to grow 27 per cent annually to reach US$32.4 billion.

In the Asia-Pacific, excluding Japan (APJ), big data spending is predicted to reach US$1.02 billion this year and will grow at a compound annual growth rate (CAGR) of 34.1...

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