The spread of the cloud has been one of the biggest changes in the way that people share information over the past decade. With internet speeds increasing and the cost of storing data online decreasing, it certainly hasn’t been a surprise. It has opened the door to huge changes in how people work together and a great deal of the world’s most popular enterprise software is now exclusively available through the cloud. For instance, programs like Adobe and Microsoft Office are now almost exclusively accessed through the cloud. Companies like Dropbox and Box have reached billion dollar valuations through giving people the ability to easily share files from wherever they are working in the world.
However, this is only a drop in the ocean as more and more companies are looking at big data as a service (BDaaS) offerings with Forrester forecasting a 39.5% annual growth in the market through to 2021. In fact, according to Forrester, over 50% of enterprises will embrace a public-cloud-first policy for data and analytics in 2018, and by 2021 the BDaaS market is predicted to be worth over $30 billion.
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