Survey: Nearly three-quarters of businesses plan to invest in Big Data 

According to the findings, investment in Big Data technology and innovations are on the rise, with 73 per cent of businesses stating that they have already invested or are planning on doing so within a two-year timeframe. This represents an increase over last year’s result of 64 per cent.

“Big Data investment continues to be led by North America, with 47 per cent of organizations reporting investment, up from 37.8 per cent in 2013,” Nick Heudecker, research director at Gartner said in a press release. “All other regions experienced increases in investment over the last year.”

As Big Data continues its climb in popularity, the number of companies who are undecided or have no plans about adopting it is steadily declining. The survey showed that 24 per cent of respondents do not currently have plans in place for Big Data implementation for 2014, down from 31 per cent the year before.

Gartner also found that some vertical industries have been more willing to consider Big Data investments than other. The communications and media industry accounted for 53 per cent of interested industries, while a further 33 per cent are planning to invest in Big Data.