The powerful dynamics fueling henceforth the Big Data Enabled Market

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The cloud computing is henceforth at the core of the Big Data industry where cloud-enabled solutions bring up the flexibility, agility, efficiency, scalability, performance and productivity companies and organizations of all sizes need to streamline their processes, make fact-based decisions and to unlock valuable business insights from increasing data volume.
 
Cloud-computing technology enables organizations to access data and information from anywhere and at anytime.

The big data enabled market has an exciting future, as technologies mature and businesses of all size are increasingly aware of the enhanced productivity and efficiency that can offer the Big Data industry. 

Big data can inter alia helps organizations derive powerful customer insights and offer new innovative products and services. 

However, the lack of awareness is a major challenge faced by the market that can hamper the growth and emergence of newer business models, revenue generating opportunities, and hence big data enabled markets. 

According to Research and Markets, the inherent advantages of big data help organizations improve their customer experience while reducing costs; and the growing adoption of analytics and the cloud technologies help obtain powerful, actionable insights at lower costs.

Industries including manufacturing, healthcare, oil and gas, BFSI, and retail are enjoying these emerging technologies.

One can also recall that, Structured data is derived from traditional applications such as ERP, SCM, and CRM tools while unstructured data is derived from web-based searches, social networks, and cloud-based applications. Within this environment, it is practically impossible to analyze such large volumes of data manually. Therefore, organizations are increasingly implementing big data technology and solutions.

According to Research and Markets, Smart manufacturing is currently trending in the market. In fact, by combining information technology, industrial automation, and human intelligence Smart manufacturing is transforming traditional factories from cost centers into profit centers.

Unfortunately, the market is witnessing a shortage of skilled professionals like statistical data scientists, big data analysts, infrastructure professionals with data virtualization experience, and solution architects with knowledge of handling the data in Hadoop and other big data related platforms.

Leading vendors according to Research and Markets include:
- IBM
- HP
- Dell
- SAP