50% of Aussie orgs to lift big data budgets

By Dylan Bushell-Embling
Friday, 27 October, 2017

50% of Aussie orgs to lift big data budgets

Half of Australian organisations plan to ramp up their investment in big data analytics in 2018, research from IDC indicates.

A survey of IT decision-makers in APAC markets including Australia found that more than four in 10 (41%) Australian organisations have already deployed some form of big data analytics initiative.

“To add in a bit of context, cloud deployment models, which is another hot topic among IT executives, has a rate of 48% that will increase investment on it,” IDC Senior Market Analyst John Feng indicated.

“On the top spot we have infrastructure and security software, on which 53% will increase investment in the next 12 months. Not surprising for the relatively more matured Australian market, where compliance and governance cannot be stressed enough.”

IDC attributes the growing interest in big data to three major factors, including the increasing involvement of lines of business in technology adoption.

The other major factors are the development of edge computing allowing the collection and more rapid analysis of richer data sets and the growing popularity of flexible cloud consumption models that can bring the costs down.

“To take advantage of the demand for data analytics, vendors must ensure the data generated is ready for aggregated analysis and automatic processing,” Feng added.

“From a solution point of view, capability to integrate with multiple data sources and perform real-time, reiterative business-specific analytics that feeds back to the production process will be very appealing to end users. Customers will be demanding analytics capabilities that can provide a simple, flexible, unified view of multiple data sources that ultimately lead to measurable business outcome.”

Image credit: ©stock.adobe.com/au/TSUNG-LIN WU

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