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Global Big Data Analytics Market Assessment, By Component, By Enterprise Size, By End-user, By Deployment, By Region, Opportunities and Forecast, 2016-2030F

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New York, June 06, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Big Data Analytics Market Assessment, By Component, By Enterprise Size, By End-user, By Deployment, By Region, Opportunities and Forecast, 2016-2030F” – https://www.reportlinker.com/p06465597/?utm_source=GNW

Global Big Data Analytics Market size was valued at USD 187.38 billion in 2022 which is expected to reach USD 588.54 billion in 2030 growing at 15.38% CAGR for the forecast period between 2023 and 2030. Big data analytics involves the use of advanced technologies and techniques, such as machine learning, natural language processing, and data mining, to extract meaningful insights and patterns from vast amounts of data. The data analyzed by big data analytics can come from a variety of sources, including social media platforms, internet search engines, and customer transaction records.

The insights gained from big data analytics can be used to inform business decisions, improve operational efficiency, and gain a competitive advantage in the market. In the next years, it is expected that globally big data analytics industry will continue to expand quickly due to factors such the rising amount of data that organisations create, and the increasing significance of decision-making based on data.

Increasing Use of Cloud-Based Big Data Analytics Platforms

The increasing use of cloud-based platforms is a significant trend in the global big data analytics market owing to several advantages over traditional on-premises solutions, including greater scalability, flexibility, and cost-effectiveness. With cloud-based platforms, organizations can rapidly scale up or down their big data analytics capabilities as needed, without the need for significant upfront investment in hardware and infrastructure.

Cloud-based platforms can offer greater agility and faster time to value, as organizations can quickly spin up new environments and experiment with new analytics tools and techniques. Cloud-based platforms also offer the advantage of easy access to a range of data sources and applications, as well as the ability to easily integrate with other cloud-based services and tools. Overall, the increasing use of cloud-based big data analytics platforms is expected to continue to drive innovation and growth in the market, as organizations seek to harness the power of big data to drive insights and innovation in a cost-effective and scalable manner. For example, United Parcel Service (UPS), the world’s biggest package shipping company, uses cloud analytics to save a million gallons of fuel, to reduce miles from its routes.

Growing Demand for Real-time Analytics

Real-time analytics allows organizations to make faster and more informed decisions based on up-to-date information. With the increasing volume, variety, and velocity of data generated by the Internet of Things (IoT), social media, and other digital sources, real-time analytics is becoming increasingly critical for organizations across a range of industries, from finance and healthcare to retail and manufacturing. Real-time analytics can also enable organizations to identify and respond to emerging trends and opportunities more quickly, giving them a competitive advantage in the market. For instance, in 2022, Dublin Port Company (DPC), the operator of Ireland’s largest freight and passenger port, announced integration of Oracle Fusion Cloud Enterprise Performance Management (EPM) to enhance its operations and support its ongoing expansion. Compony will use real-time analytics provided by Oracle software to increase the accuracy of its planning, budgeting, forecasting to improve insights and decision-making across its organization.

Additionally, real-time analytics can be used to support real-time monitoring and alerting, enabling organizations to quickly detect and respond to potential issues or threats. Overall, the growing demand for real-time analytics is expected to continue to drive innovation, investment and growth of the global big data analytics market, as organizations seek to leverage the power of real-time data to drive insights and improve business outcomes.

Media and Entertainment to Show More Pace

The big data analytics sector is expected to experience substantial expansion in the entertainment and media industries. Through a variety of outlets, including social media, streaming services, advertising campaigns, and public interactions, the sector creates enormous volumes of data. Big data analytics helps media and entertainment organisations learn insightful information about customer behaviour and trends, enabling the development of more specialised content, individualised suggestions, and more effective marketing plans. Media and entertainment companies may streamline operations, improve audience engagement, and spur revenue development by using the potential of big data analytics.

Increasing Use of Technologies to Increase Demand for Software

Big data analytics are being widely used by businesses to get useful insights and make wise business decisions. As an outcome, there is an increasing need for software programmes that can process and analyse massive amounts of data effectively. Big data analytics software usage is being accelerated by developments in machine learning, artificial intelligence, and natural language processing. These technologies give businesses the ability to uncover important correlations, trends, and patterns from large, complicated data sets. Big data analytics is now more accessible and scalable because of the combination of cloud-based and edge computing technologies, which has helped the market expand.

Impact of COVID-19

The Covid-19 pandemic has had a significant impact on the global big data analytics market. On one hand, the pandemic has highlighted the importance of data analytics in managing public health and safety, as well as in supporting businesses and organizations to adapt to the changing economic landscape. As a result, there has been a surge in demand for big data analytics tools and services, particularly in the healthcare and pharmaceutical industries. The pandemic has also led to economic uncertainty and reduced investment in some industries, which has slowed down the growth of the big data analytics market in certain regions and sectors.

However, the shift to remote work and increased reliance on digital technologies during the pandemic generated vast amounts of data. Organizations needed to understand the performance, productivity, and well-being of their remote workforce. Big data analytics helped in monitoring and analysing employee behaviour, collaboration patterns, and overall productivity to optimize remote work strategies. Moreover, most organizations needed data analytics top optimize business model and its operational activities to mitigate challenges posed by lockdown restriction due to pandemic. Therefore, Covid-19 pandemic acted as a growth boosted for the Global Big Data Analytics market.

For example, The American government started a large-scale initiative aimed at speeding up the production and delivery of COVID-19 vaccinations, treatments, and diagnostic procedures. Oracle created a National Electronic Health Record database and a set of Public Health Management Applications to assist in that endeavour and make it easier for American public health organisations and healthcare providers to gather and examine COVID-19-related data.

Impact of Russia-Ukraine War

The Russia-Ukraine war has had a significant impact on the big data analytics market. The war has led to increased demand for big data analytics solutions in several areas, including cybersecurity, supply chain management, risk management, and decision making. In addition to increasing demand, the war has also led to increased investment in big data analytics. Governments and businesses are investing in big data analytics solutions to help them respond to the challenges posed by the war. Thus, the war had a positive impact on the big data analytics market, leading to growth in the market size and value.

Key Player Landscape and Outlook

The global big data analytics market is highly competitive, with several established players and new entrants competing for market share. These companies offer a range of big data analytics solutions, including software tools, hardware infrastructure, and cloud-based platforms. They also offer consulting and professional services to help organizations deploy and manage big data analytics solutions. To gain a competitive advantage in the market, many players are expanding big data cloud analytics solutions business in new geographies and new industries like banking, automotive, etc. to grab market share.

For instance, Oracle’s cloud business has become the main engine of development in India as more and more businesses choose Oracle Cloud. Kotak Mahindra Bank, Tata Motors, cognizant Bharti Airtel, Apollo Hospital, HDFC Bank, & Tata Sons are just a few of its clients. Over the previous five years, the company’s client base has quadrupled to 20,000 consumers.

Market Xcel’s reports answer the following questions:

• What is the current and future market size of the product/service in question globally or specific to different countries?

• How are the markets divided into different product/service segments and the market size and growth of each segment?

• What is the market potential of different product segments and their investment case?

• How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

• What is the business environment and regulatory landscape specific to the product/service?
Read the full report: https://www.reportlinker.com/p06465597/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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