Big future for big data

May 13, 2015 by John Hatcher
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Big future for big data

Memoori’s new report entitled Big Data for Smart Buildings: Market Prospects 2015 to 2020 explores the role of Big Data within the increasing smart building adoption. Interviewing leading BAS manufacturers, technology firms, software providers, middleware companies, consultants and end users of building systems; the report identifies the improved business case for smart buildings with the addition of Big Data systems. 

Big Data describes a set of complex data that is difficult to process using traditional database management tools. The processing includes capturing, storing, searching, sharing, transferring, analysing and visualisation. The fundamental advantage of current Big Data architectures is the ability to process unstructured data.

Memoori’s report estimates that the market for Big Data and Cloud Based Software and Services in Smart Buildings will grow from $9.17 Billion in 2015, at a rate of 33.2% CAGR to nearly $30 Billion by 2020.

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