IDC FutureScape: Worldwide Big Data & Analytics 2016 Predictions. IDC Web Conference November 2015
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1 IDC FutureScape: Worldwide Big Data & Analytics 2016 Predictions IDC Web Conference November 2015
2 Logistics Today s Speakers Submit any questions to webconferences@idc.com You can download slides from the Resource List in the lower left hand corner of your console. To learn about other FutureScape 2016 Web conferences, visit and click on the Events tab. Dan Vesset Program Vice President, Business Analytics & Big Data Join the Conversation in the IDC Community: Ashish Nadkarni Program Director, Enterprise Servers and Storage IDC Visit us at IDC.com and follow us on 2
3 A single department or a business unit ORGANIZATIONAL IMPACT Multiple departments or business units Companywide IDC FutureScape: Worldwide Big Data & Analytics Self-service 6 Labor shortage 3 In-memory 4 Actionable information 9 Cloud BD&A 8 1 Analyzable data BDA value 10 Distributed micro analytics 5 Cognitive 7 2 Data monetization Through 2020 spending on cloud-based BD&A technology will grow 4.5x faster than spending for on-premises solutions. By 2020, 50% of all business analytics software will include prescriptive analytics built on cognitive functionality Shortage of skilled staff will persist and extend from data scientists to architects and experts in data management. Big data related professional services will have a CAGR of 23% through 2020 By 2020, 90% of databases (relational and non-relational) will be based on memory-optimized technology By 2020, distributed micro analytics and data manipulation will be part of all big data and analytics deployments Through 2020 spending on self-service visual discovery and data preparation market will grow 2.5x faster than traditional IT controlled tools for similar functionality By 2020 data monetization efforts will result in enterprises pursuing digital transformation initiatives increasing the marketplace s consumption of their own data by 100-fold or more By 2020, the high value data part of the Digital Universe that is worth analyzing to achieve actionable intelligence will double By 2020, 60% of information delivered to decision makers will be considered by them always actionable doubling the rate from the current (2015) level By 2020 organizations able to analyze all relevant data and deliver actionable information will achieve an extra $430 billion in productivity benefits over their less analytically oriented peers TIME (MONTHS) TO MAINSTREAM Note: The size of the bubble indicates complexity/cost to address. Source: IDC, 2015 IDC Visit us at IDC.com and follow us on 3
4 IDC FutureScape: Big Data & Analytics Predictions Highlights 1. Through 2020, spending on cloud-based BD&A technology will grow 4.5x faster than spending for on-premises solutions 2. By 2020, 50% of all business analytics software will include prescriptive analytics built on cognitive functionality 3. Shortage of skilled staff will persist and extend from data scientists to architects and experts in data management. Big data professional services will have a CAGR of 23% through To learn more about IDC s outlook for the big data and analytics market, please see the following report, to be published in early November 2015: IDC FutureScape: Worldwide Big Data and Analytics 2016 Predictions IDC Visit us at IDC.com and follow us on 4
5 A single department or a business unit ORGANIZATIONAL IMPACT Multiple departments or business units Companywide 1. Through 2020, Spending on Cloud-based BD&A Technology Will Grow 4.5x Faster Than Spending for On-premises Solutions IT Impact Complexity of managing on and off premises data and technology Security and privacy policies and regulations Self-service 6 Labor shortage 3 In-memory Actionable information 9 Cloud BD&A 1 BDA value 10 Cognitive 2 Guidance Understand the core components of the particular cloud service Data prep requirements for hybrid cloud 4 Analyzable data 8 Distributed micro analytics 5 Data monetization TIME (MONTHS) TO MAINSTREAM Note: The size of the bubble indicates complexity/cost to address. Source: IDC, 2015 IDC Visit us at IDC.com and follow us on 5
6 A single department or a business unit ORGANIZATIONAL IMPACT Multiple departments or business units Companywide 2. By 2020, 50% of All Business Analytics Software Will Include Prescriptive Analytics Built on Cognitive Computing Functionality IT Impact Consumer expectations will enter the enterprise IT realm Involvement in the training of cognitive systems Self-service 6 Labor shortage 3 In-memory Actionable information 9 Cloud BD&A 1 BDA value 10 Cognitive 2 Guidance New relationships with vendors and providers Governance and transparency 4 Analyzable data 8 Distributed micro analytics 5 Data monetization TIME (MONTHS) TO MAINSTREAM Note: The size of the bubble indicates complexity/cost to address. Source: IDC, 2015 IDC Visit us at IDC.com and follow us on 6
7 A single department or a business unit ORGANIZATIONAL IMPACT Multiple departments or business units Companywide 3. Shortage of Skilled Staff Will Persist and Expand. Big Data Professional Services Will Have a CAGR of 23% Through 2020 IT Impact Business process changes Unfulfilled end user expectations Self-service 6 Labor shortage 3 In-memory Actionable information 9 Cloud BD&A 1 BDA value 10 Cognitive 2 Guidance A team approach External services 4 Analyzable data 8 Distributed micro analytics 5 Data monetization TIME (MONTHS) TO MAINSTREAM Note: The size of the bubble indicates complexity/cost to address. Source: IDC, 2015 IDC Visit us at IDC.com and follow us on 7
8 Drivers for Big Data & Analytics DX: Accelerating Business Disruption from Digital Transformation Cloud Life: The Merging of Real Life with Digital Identity Options Abundance: Cloud x Open Source x Value Added IP Promise of Predictability: The Desire to Analyze the Future Demand for Self Service: From Data Preparation to Visualization Talent Quest: High Demand for Next Generation Business/IT Skills Scarce Supply To learn more about IDC s outlook for the big data and analytics market, please see the following report, to be published in early November 2015: IDC FutureScape: Worldwide Big Data and Analytics 2016 Predictions IDC Visit us at IDC.com and follow us on 8
9 A single department or a business unit ORGANIZATIONAL IMPACT Multiple departments or business units Companywide IDC FutureScape: Worldwide Big Data & Analytics Self-service 6 Labor shortage 3 Cloud BD&A Cognitive In-memory Distributed 4 micro analytics Analyzable data 8 Actionable information BDA value 7 2 Data monetization Through 2020 spending on cloud-based BD&A technology will grow 4.5x faster than spending for on-premises solutions. By 2020, 50% of all business analytics software will include prescriptive analytics built on cognitive functionality Shortage of skilled staff will persist and extend from data scientists to architects and experts in data management. Big data related professional services will have a CAGR of 23% through 2020 By 2020, 90% of databases (relational and non-relational) will be based on memory-optimized technology By 2020, distributed micro analytics and data manipulation will be part of all big data and analytics deployments Through 2020 spending on self-service visual discovery and data preparation market will grow 2.5x faster than traditional IT controlled tools for similar functionality By 2020 data monetization efforts will result in enterprises pursuing digital transformation initiatives increasing the marketplace s consumption of their own data by 100-fold or more By 2020, the high value data part of the Digital Universe that is worth analyzing to achieve actionable intelligence will double By 2020, 60% of information delivered to decision makers will be considered by them always actionable doubling the rate from the current (2015) level By 2020 organizations able to analyze all relevant data and deliver actionable information will achieve an extra $430 billion in productivity benefits over their less analytically oriented peers TIME (MONTHS) TO MAINSTREAM Note: The size of the bubble indicates complexity/cost to address. Source: IDC, 2015 IDC Visit us at IDC.com and follow us on 9
10 Appendix IDC Visit us at IDC.com and follow us on 10
11 The IDC Difference Experienced IDC is the most experienced and trusted IT advisory firm in the market Global 1,100 analysts worldwide covering technology issues 110 countries covered in 54 offices located throughout world Insightful Decision making content based on methodologies built for 3 rd Platform Unbiased, fact-based, research you can trust Experienced technology and industry experts Personalized Concierge client service Client driven research agendas Inquiries addressed in a timely manner and tailored to your business 11
12 Global Footprint 12
13 Industry Innovation IDC s Insights Practices Helps You Drive Industry Innovation Smart Mining Smart Oil and Gas Smart Utilities Developing Innovative Treatments Improving Health Delivery Transforming Consumer Engagement Engaging Consumers Improving Performance Managing Risk Innovating Product Development Optimizing the Supply Chain Transforming Manufacturing Building Smart Cities Transforming Government Prioritizing Government Investments Creating the Omni-Channel Experience Maximizing Retail Investment 13
14 IDC s IT Executive Programs IDC's IT Executive Programs help today's time-constrained technology professionals make more effective technology decisions. Our IDC IT Executive Program offers you: Technical expertise matched to line of business challenges Personalized analyst access A dedicated CIO Advisor Personal dedicated analyst account manager Open access to all IT professional events & web conferences 14 14
15 IDC s CIO & Tech Exec Forum Join IDC s exclusive LinkedIn forum designed for IT executives for learning opportunities, direct access to IDC s industry experts and complimentary research. Please note: Membership is restricted to technology executives (i.e., CIOs, CSOs, CISOs, VPs, etc) or their equivalent involved in the purchase, evaluation or recommendation of IT products/services within their organizations. IDC Visit us at IDC.com and follow us on 15
16 International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit Follow IDC on Twitter Terms of Use: Except as otherwise noted, the information enclosed is the intellectual property of IDC, Copyright Reproduction is forbidden unless authorized; contact permissions@idc.com for information. All rights reserved. 16
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