Frost & Sullivan: Big Data and Analytics in Brazil on the Road to Become a Billion Dollar Market by 2018

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Frost & Sullivan: Big Data and AnalyticsFrost & Sullivan: Big Data and Analytics in Brazil on the Road to Become a Billion Dollar Market by 2018 PR Newswire SAO PAULO, Feb. 17, 2014 - After investments to learn how to use big data, Brazilian companies start the run for competitive advantage The Brazilian big data and analytics market is still in the early development stage and, as an emerging industry, offers immense opportunities for new entrants and investments. Most companies in the country are unprepared to process the briskly growing amount of internal and external data. In fact, data volume growth is so high that some routine and important processes in enterprises now take too much time to run with traditional solutions. Therefore, Brazilian companies are pursuing new solutions that can integrate data and run processes faster, widening the potential for the big data and analytics market. As a result, market revenues for Brazil that stood at $243.6 million in 2013 are expected to reach $965.0 million in 2018, according to the new Frost & Sullivan (http://www.ITservices.frost.com) analysis, Insights into Big Data and Analytics in Brazil. "Big data projects enable firms to access relevant information that cannot usually be easily found or analyzed," said Frost & Sullivan Information and Communication Technologies Industry Analyst Guilherme Campos. "Solutions structured to process big data also allow companies to act predictively.

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• Publié par: frost-sullivan
• Publié le: 17 février 2014
• Nombre de lectures: 1
• Langue: English

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Frost & Sullivan: Big Data and Analytics in Brazil on the Road to Become a Billion Dollar Market by 2018

PR Newswire

SAO PAULO, Feb. 17, 2014

- After investments to learn how to use big data, Brazilian companies start the run for competitive advantage

The Brazilian big data and analytics market is still in the early development stage and, as an emerging industry, offers immense opportunities for new entrants and investments. Most companies in the country are unprepared to process the briskly growing amount of internal and external data. In fact, data volume growth is so high that some routine and important processes in enterprises now take too much time to run with traditional solutions. Therefore, Brazilian companies are pursuing new solutions that can integrate data and run processes faster, widening the potential for the big data and analytics market.