Startup companies that develop big data technologies and services will see rapid revenue growth and more market opportunities – if they can keep pace with the flood of data and make it more useful. Information technology companies that can integrate big data solutions into their offerings will give clients a new reason to invest more in computer hardware and software. Firms in sectors ranging from finance and telecommunications to petroleum and agriculture could reduce the cost of operations, improve marketing, reduce risk and launch new data-driven services. For many businesses, data could soon be as important to the bottom line as labour and capital.
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Michael R Nelson, Senior Technology Analyst, Bloomberg Government
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