The mushrooming growth of data generated by government agencies will drive federal IT investment in the necessary tools for managing colossal amounts of bits and bytes. As a result of the explosion in information, the government will be spending increasing amounts of its funds on Big Data capabilities. Federal agencies spent about $4.9 billion on Big Data resources in fiscal 2012, according to estimates from Deltek, an IT consultancy. The annual amount of such spending will grow to $5.7 billion in 2014 and then to $7.2 billion by 2017.
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Feds to Spend Big on Big Data
Posted by: John K. Higgins April 3, 2013 05:00 AMThe mushrooming growth of data generated by government agencies will drive federal IT investment in the necessary tools for managing colossal amounts of bits and bytes. As a result of the explosion in information, the government will be spending increasing amounts of its funds on Big Data capabilities. Federal agencies spent about $4.9 billion on Big Data resources in fiscal 2012, according to estimates from Deltek, an IT consultancy. The annual amount of such spending will grow to $5.7 billion in 2014 and then to $7.2 billion by 2017.