SkyQuest Technology seems to think so as they predict that the global Big Data Analytics Market at USD 272.80 billion in 2022 is slated for astounding growth with a projected CAGR of around 13.40% and rise up to USD-Proceeds… That has been fueled by the increase in computer power, data availability and infrastructure to now put big data into operation for competitive advantage and strategic insight.
These are essentially the fruits that feed data management systems, analytics tools, and processing frameworks spawning operational efficiency and innovation in domains of BFSI to healthcare to retail.
The BFSI sector employs analytics to manage risk and detect fraud, and healthcare uses it for better patient care applications and personalized treatments. Consulting, implementation and support services back the growth of the market which in return maximizes ROI & business strategy evolution continuously.
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