10 Must-Know Facts about Big Data in India

Big data has matured and moved beyond its initial hype with many enterprises considering it as a strategic business advantage. To know where India stands in the big data league and how it is geared to cash in on the big data opportunity, let’s consider these 10 statistics and research findings:

1. By 2020, India will see a 25-fold growth in useful information that will make the adoption of big data technologies and practices a significant opportunity for enterprises.  

Source: Big Data, Bigger Digital Shadows, and Biggest Growth in the Far East – India, IDC study sponsored by EMC

2. Big Data technology and services market in India will witness a phenomenal compounded annual growth rate (CAGR) of 36.3% for the period of 2012–2017 to reach $191 mn from $40.7 mn in CY12. The huge growth potential is attributed to the inclination of the business functions to get meaningful insight out of the humongous data growth in their organizations.

Source: IDC India Big Data Spend & Adoption 2014-2017 Forecast and Analysis

3. Less than 20% of Indian organizations consider Big Data as “hype” or the latest technology buzzword.

Source: Ernst &Young

4. 91%  of Indian businesses agree that big data will lead to better decision making. Awareness about big data is pretty high among Indian enterprises, with 70% saying that it will be a key factor in determining winners and losers in their industry

Source: EMC

5. 62% of respondents agree that big data technology will prove vital in identifying and protecting against cyber-attack.

Source: EMC

6. 50% of large organizations plan to use data from social networks for sentiment analysis and customer tracking.

Source: Ernst &Young

7. India is ahead of most outsourcing destinations like China, Poland and Philippines, and follows closely behind the US in terms of Big Data talent availability. IT companies like EMC, Oracle, IBM, Infosys, etc., are leveraging their academic alliance programs, with universities in India and overseas to introduce courses in various areas of Big Data.

Source: NASSCOM

8. 75% of organizations are confident of driving new revenue streams using Big Data, however, only 35% of organizations plan to invest in building Big Data capabilities related - analytics, security software and real-time applications.

Source: Ernst &Young

9. Data security (41 %), lack of time to study Big Data (19%) and lack of solutions that fit need and expertise (11%) were the Top 3 concerns cited by Indian respondents that are hindering Big Data adoption.

Source: Cisco Connected World Technology Report

10. Complexity of data will continue to increase in future and less than 10% of organizations are currently equipped to manage these unstructured data sources effectively.

Source: Ernst &Young