The Big Data analytics market is gaining ground the world over. “Big data” refers to huge data sets that are generated from several sources. This data is complex to process and analyze for traditional data processing applications. Therefore, multiple data analytics techniques are used to make it understandable for data-driven organizations. According to Wikibon, the big data market is expected to grow with a compounded annual growth rate (CAGR) of 11%. The forecast shows that the market will be worth a staggering $103 billion by 2023.
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