November 9-12, 2014
2014 INFORMS Annual Meeting
San Francisco, CA
Industry NewsAnyLogic Conference to tackle complex business problems
AnyLogic simulation and modeling software is utilized by globally recognized organizations to ensure better, more profitable decision-making. These organizations gather each year to showcase their accomplishments at the AnyLogic Conference. The 2014 Conference program includes GE, PwC, Intel, CSX, Symbotic, Johns Hopkins University and more, covering topics such as supply chain, logistics, healthcare, marketing, rail, distribution, warehousing and pedestrian flow.Read More
Special ArticlesIBM announces $3 billion research initiative to tackle chip challenges
IBM recently announced it is investing $3 billion over the next five years in two broad research and early stage development programs to push the limits of chip technology needed to meet the emerging demands of cloud computing and big data systems. These investments will push IBM’s semiconductor innovations from today’s breakthroughs into the advanced technology leadership required for the future.Read More
Special ArticlesWSC 2014: Exploring big data through simulation
The Winter Simulation Conference (WSC) has been the premier international forum for disseminating recent advances in the field of system simulation for more than 40 years, with the principal focus being discrete-event simulation and combined discrete-continuous simulation. In addition to a technical program of unsurpassed scope and high quality, WSC provides the central meeting place for simulation researchers, practitioners and vendors working in all disciplines and in industrial, governmental, military, service and academic sectors. WSC 2014 will be held Dec. 7-10 in Savannah, Ga., at the Westin Savannah Harbor Golf Resort & Spa and the adjacent Savannah International Trade & Convention Center.Read More
IDC forecasts big growth for Big Data
International Data Corporation (IDC) recently released a worldwide Big Data technology and services forecast showing the market is expected to grow from $3.2 billion in 2010 to $16.9 billion in 2015. This represents a compound annual growth rate (CAGR) of 40 percent or about seven times that of the overall information and communications technology (ICT) market.
“The Big Data market is expanding rapidly as large IT companies and startups vie for customers and market share,” says Dan Vesset, program vice president, Business Analytics Solutions at IDC. “For technology buyers, opportunities exist to use Big Data technology to improve operational efficiency and to drive innovation. Use cases are already present across industries and geographic regions.
“There are also Big Data opportunities for both large IT vendors and start-ups,” Vesset continues. “Major IT vendors are offering both database solutions and configurations supporting Big Data by evolving their own products as well as by acquisition. At the same time, more than half a billion dollars in venture capital has been invested in new Big Data technology.”
Additional findings from IDC's study include the following:
• While the five-year CAGR for the worldwide market is expected to be nearly 40 percent, the growth of individual segments varies from 27.3 percent for servers and 34.2 percent for software to 61.4 percent for storage.
• The growth in appliances, cloud and outsourcing deals for Big Data technology will likely mean that over time end-users will pay increasingly less attention to technology capabilities and will focus instead on the business value arguments. System performance, availability, security and manageability will all matter greatly. However, how they are achieved will be less of a point for differentiation among vendors.
• Today there is a shortage of trained Big Data technology experts, in addition to a shortage of analytics experts. This labor supply constraint will act as an inhibitor of adoption and use of Big Data technologies, and it will also encourage vendors to deliver Big Data technologies as cloud-based solutions.
The study, Worldwide Big Data Technology and Services 2012-2015 Forecast (IDC #233485) examines the Big Data technology and services market for 2010–2015. IDC defines Big Data technologies as a new generation of technologies and architectures designed to extract value economically from very large volumes of a wide variety of data by enabling high-velocity capture, discovery, and/or analysis. Further, the study segments the Big Data market into server, storage, networking, software and services segments.