Rise of Big Data: In need of better Data Visualization Products
Posted: Jun 19, 2015
We know that Big Data is the future. It is a powerful tool for organizations, which seek business insights, based on data. With the rise of ‘Internet of Things’ and ‘Wearable Technology’, the amount of data that is getting generated everyday is expanding. It is crucial for an organization to use this data and develop business strategies. But, without proper tools and techniques, most of the data from which insights can be derived would be lost. Proper Data Visualization solutions are needed to uncover the true potential of Big Data.
The business analytics market is overcrowded with traditional and emerging players. To stay ahead in competition, the data visualization software providers must evolve continuously. Most of the data such as Facebook likes, YouTube videos, and tweets are unstructured. If the providers of data visualization software can find ways to analyze this unstructured data and generate insights, it would revolutionize the market. The Data Visualization Applications Market is expected to reach $6.4 billion by 2019 at a CAGR of 9.21%.
SaiKiran Kadam is an Analyst working with Mordor Intelligence, a market research consulting firm which specializes in Market Research Consulting, Market Research Reports, Market Sizing Reports, Industry Research Reports.