Last month we reported that Big Data was expected to hit $72bn (£54bn per annum) by 2020. Today we see another, global, report providing some vastly inflated figures: the Big Data and business analytics (BDA) market is predicted to hit $203bn (£159bn) in the year 2020, up from $130.1bn (£102bn) in 2016, according to research firm IDC.

Monday’s findings come from the IDC’s Semiannual Big Data and Analytics Spending Guide, and report that almost 50% of development is coming from the banking, manufacturing, government and professional services industries, with “respondents from organisations in these industries placing a high priority on BDA initiatives over other technology investments. Within banking, many of these efforts are focused on risk management, fraud prevention, and compliance related activities.”

Read the full article here.