IDC estimates total spending on technology and services for big data, a catch-all phrase...

|By:, SA News Editor
IDC estimates total spending on technology and services for big data, a catch-all phrase covering analytics projects featuring huge datasets and non-traditional tools, will post a 40% annual growth rate between 2010 and 2016, and reach $16.9B. IBM, EMC, ORCL, RHT, and SAP are some of the major tech firms targeting the space (I, II, III). Big data software firm Spunk recently filed for an IPO.