RELEVANCE OF BIG DATA IN BUSINESS

Abstract

The article presents the survey consisting the and author's study of analysis of the scale and structure of Big Data market worldwide within the period of last decade. The authors do perform the self made and forecast of the Big Data market volume and salary in this field for the coming years based on the provided statistics and Prais–Winsten statistics function. Further the authors do perform an attempt to interpret the results obtained taking into account the Figures of the Big Data market development and draw conclusions based on the results of the study. The authors' conclusions boil down to confirming the hypothesis about the growth of the Big Data market, the growth investments as well as growth of salaries level on this sphere within the future, especially for such countries as the People’s Republic of India and it’s neighbors, as well as the Russian Federation, other countries of the BRICS block. Another main idea is that the salary rate together with the speed of market development are the crucial factors influencing the supplement of the labor force in this segment.