Top 10 Big Data Trends For 2024
What are the five 5 of big data?
- Volume
- Velocity
- Variety
- Veracity
- Value
What is the big data statistics for 2024?
Global predictive analytics market to hit $21.5B by 2024, growing at 24.5% CAGR. BFSI sector leads. Big data analytics market to soar from $307.52B in 2023 to $745.15B by 2030, with a 13.5% CAGR. Data generation to spike 150 times by 2027, projected to reach 300 times by 2032, defining big data trends for 2024 and beyond.
What is the next big thing in big data in 2024 ?
In 2024, the big thing in big data is democratizing data—making it accessible to all in the organization. This empowers employees to use data for added business value. Other trends include quantum computing, stronger cybersecurity, and the rise of Chief Data Officers.
Will AI replace data analysts?
AI transforms business operations, automating repetitive tasks in data analysis workflows. Yet, it won’t fully replace human data analysts. Instead, it empowers them for more efficient and accurate roles.
What are the data engineering trends in 2024?
In 2024, data trends include the transformative impact of large language models, data teams adopting software team practices, and software teams becoming adept data practitioners.
Top 10 Big Data Trends For 2024
Today, we live in a new digital age where things like Artificial Intelligence and Machine Learning have changed how businesses and society work. Big data trends have become important for understanding what’s happening in the market and making decisions for businesses. With so much data available, companies want to find better ways to use it. Big data trends have been especially helpful during the COVID-19 pandemic, boosting sectors like healthcare and online shopping.
It is expected that the big data market is going to shoot up to 200 USD Billion by 2025. So, let’s check out the Top 10 Big Data Trends for 2024.
List of Upcoming 10 Big Data Trends For 2024
- Growing IoT Networks
- More Approachable Artificial Intelligence
- The Rise of Predictive Analytics
- Cloud Migration of Dark Data
- The Rise of Chief Data Officers
- Quantum Computing
- Smarter and Tighter Cybersecurity
- Endpoint Security
- Cloud Security
- Open Source Data
- Data Democratization
- Data Ethics