Big data is all the rage. But with big data comes big problems. First, you need to store all this data. Next, you need to process it, which involves high performance hardware and sophisticated software.
Even worse, most of this is brand new to IT who sometimes doesn’t even know where to start.
Companies like Comrise argue you can eliminate all this complexity, and the capital expense of buying all these tools, by going with a big data service instead.
Now customers in China and Asia-Pacific can avail themselves of Comrise services thanks to a new deal with the Beijing Institute of Technology.
The partnership has two main goals. First, it will make Comrise’s “Big Data” service known and available throughout large parts of Asia.
It will also help budding Chinese computer scientists by giving students at the Beijing Institute of Technology access to big data analysis.
“The market in China possesses a vast number of opportunities, in terms of ‘Big Data.’ Therefore, with the support and experience of the team at Beijing University of Technology and our presence across the Asia-Pacific region, we hope to be able to further provide support and value to our local and multinational customers,” said Rob Bigini, VP of Business Development & Big Data for Comrise.
The Beijing Institute of Technology is giving big props to big data.
“This is an absolute win-win partnership for both organizations,” said Dr. Kevin Zhang, assistant dean and associate professor for the School of Computer Science at Beijing Institute of Technology. “Through this partnership, our faculty will be able to leverage Comrise’s extensive presence and experience in the Asia-Pacific markets to ensure that our undergraduate and graduate students continue to develop skills and knowledge that is relevant and impactful when they enter the workforce, especially in areas such as ‘Big Data.’”
The nearly 30-year-old Comrise has headquarters in both the U.S. and China from which its runs its global consulting practice, which besides Big Data includes workforce solutions, managed IT, payroll and recruiting.
Big Data Getting Bigger
Wikibon follows the big data market closely and found that last year overall revenue from software, hardware and services increased a rather whopping 59 percent compared to the previous year, hitting $11.4 billion.
“The big data market is projected to reach $18.1 billion in 2013, an annual growth of 61 percent. This puts it on pace to exceed $47 billion by 2017. That translates to a 31 percent compound annual growth rate over the five year period 2012-2017,” the researchers said.
Most of this growth will come from services. “Wikibon further expects the balance of revenue generation and value to shift from big data infrastructure and middleware to value-add services and software over the next five years,” Wikibon concluded.
Pushing the cloud aspect, the big Web players are investing heavily “in big data infrastructure by massive Web properties – most notable Google, Facebook, and Amazon – and government agencies for intelligence and counter-terrorism purposes,” the researchers’ most recent report found.
That growth should just keep on keeping on. “Looking beyond 2013, Wikibon forecasts the total big data market to approach $50 billion by 2017, which translates to a 31 percent compound annual growth rate over the five-year period 2012-2017. While the global economic outlook is for slow to stagnant growth over this period, Wikibon believes the big data market will not be severely impacted and may, in fact, benefit from enterprises needing ‘to do more with less,’ which effective Big Data analytics facilitates,” the researchers said.
Edited by
Alisen Downey
