With 2013 fast approaching, IT experts are weighing in on what the new year will bring for issues like big data, cloud computing and cybersecurity. Eleven executives from IT firm EMC shared their predictions in a Nov. 26 blog on the company's website. Many executives agreed that several key technologies will dominate the IT atmosphere in the coming months, with big data hogging much of the spotlight.
“Big data is on virtually everyone’s short list,” said Scott Yara, senior vice president for EMC's products division. “The combined effects of social and mobile technologies, the constant need for driving improved competitive advantage and the pervasiveness of analytics software and services will change the way vendors and end users consume information."
New technologies are making it possible for petabytes of data to be stored and processed in more cost-effective ways, leading to a host of innovations in application development fueled by big data.
The growing focus on big data is also reflected by IT investments. In 2009, venture capitalists invested $1.1 billion in startups related to big data. The following year saw $1.53 billion invested, and in 2011, investments reached $2.47 billion, according to information from Thomson Reuters.