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In India, the analytics market is expected to double between 2011 and 2018 reaching a figure of $2.3 billion by 2018, according to a report published by Nasscom and Blueocean Market Intelligence.
Three premier institutions of IIT Kharagpur, IIM Kolkata and Indian Statistical Institute (ISI) Kolkata, have come together for the first time to offer a joint course in business analytics.
The overall five-year CAGR for the project-based business analytics services will be 14.3 percent.
Of the three primary segments of the business analytics software market, the data warehousing platform software segment experienced the fastest growth in 2012, finds IDC.
IDC forecasts a five-year compound annual growth rate (CAGR) of 14.3 percent for global business analytics services spending.
Emerging verticals such as Retail, Healthcare along with Manufacturing and Telecom to drive the IT budget growth this year.
Dan Somner, Principal Research Analyst, Gartner explains that analytics today is no more nice-to-have, but a must-have for every organisation.
Oracle has announced its Engineered Systems driven strategy to help organisations place analytics into the hands of decision-makers faster and more efficiently.
Growth driven by the attention-grabbing headlines for Big Data and evolutionary and revolutionary developments in technology and best practices.
Vikas Sarangdhar, Research Director, Gartner talks about the role of IT and hence the role of the CIO in maintaining an effective supply chain management process.
The collaboration would focus on data management and predictive analytics in the key verticals of BFSI, Retail, Telecom, Manufacturing and Public Sector.
Growth driven by Big Data hype and accelerated R&D efforts, says IDC.
Key objective is to provide solutions to the telecom service providers for their business problems using the combined approach.
This represents a CAGR of about seven times that of overall ICT market, says IDC.