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The New New Internet Spotlights the Rapidly Growing Big Data Market

DataCenterBig data is on the rise in the government contracting industry as the federal government stores more information and requests more tools so it can better serve the public using the increased amount of information.

Mark Gerenscer recently penned an article for University of Maryland, University College's Achiever Magazine where he stated, “we generate more data every two days than we did in aggregate from the dawn of early civilization through the beginning of the 21st Century. Moreover, this information explosion continues to accelerate each year by 40%.“ 

With all of the data being created, GovCon firms have been steadily building their offerings.

Last week, SAIC unveiled a big data software platform to help businesses make decisions by ingesting and processing data from several sources.

Cybersecurity products also factor into big data as the government must make sure information is kept secure for hackers.

Earlier this month, Lockheed Martin introduced several cyber products meant to facilitate and protect 150 data types for automatic exchange between the Defense Department, intelligence agencies and coalition partners.

In terms of storing the vast amounts of data, NetApp has been recognized as an industry leader holding 41.2 percent share of the billion-dollar market in fiscal 2011.

“For every IT dollar that was spent in products six years ago, about 8 cents was spent on storage.  Now, of that IT dollar, more like 25 cents of every IT dollar is spent on storage,” said Mark Weber, Mark Weber, senior vice president and general manager of NetApp's U.S. public sector subsidiary.

Check the Big Data section of the New New Internet to read industry news as it occurs. 

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