Data Science & Big Data Analytics New Budget Season 2015

With the economy slowly improving, IT leaders are more optimistic that the corporate purse string will loosen up in 2015, and they’re eager to bring new technologies into the world in addition to just keeping the lights on. Computerworlds annual forecast survey of IT executives shows that budgets are indeed continuing to make a nice recovery. Some 43% of the 194 respondents said that they expect their IT budgets to increase. That’s up from 36% in last year’s study.

This year’s average anticipated up is 13.1%, and overall, the expected changes in IT budgets reported by all respondents average out to 4.3 %. IT is expected to gain kick up spending on security tools, Customer-facing technologies and information exchange/collaboration technologies that comprise the so called SMAC stack – social and mobile tools, analytics systems and cloud computing.

The one trend that we can expect is not only the amount of data increasing, but also a great boost in the market, which will flaunt the solutions for Data Science & Big Data Analytics. Data Science & Big Data Analytics is expected to follow in the footsteps of cloud computing because, just as cloud computing has become conventional, it is expected that Data Science & Big Data Analytics will also become mainstream. However, the basic question that arises is usually centered on how long it will take for solutions to become practical as well as sustainable for traditional firms.

With that in mind if you have any further questions which may help in shaping the budget process for your team please contact me on bigdatasolutions@opusrs.com or call me on 02074481407 / 07881351363