| | DECEMBER 20236CIOReviewBig data is fundamentally changing how businesses operate, driving opportunities to create new products and improve bottom line. Big data analytics has become the most optimized method for companies to distribute resources and drive business growth rather than relying on trial and error techniques.According to a report by Fortune Business Insights, the global big data analytics market is valued at $307.52 billion in 2023 and is projected to reach $745.15 billion by 2030, exhibiting a CAGR of 13.5 percent from 2023 to 2030. One of the latest trends in big data analytics is data as a service, which uses cloud technology to provide users and applications with on-demand access to information, irrespective of location. Predictive methods are being implemented to analyze both historical and current data to forecast future events, such as predicting customer response. There is also edge computing, which allows for latency-free real-time data streaming and processing. This edition of CIOReview delivers a bird's eye view of the recent developments in the big data arena and insights into how organizations are aligning with these trends and driving value for organizations.We have curated thought leadership articles from industry experts, including Ron Adams, Vice President Risk Management at Baker Roofing Company and Gerardo Herrera Barrios, Corporate Head Data Analytics & CDO at Banco Ripley.We also took a deep dive into the market trends to narrow down the list of companies delivering innovative big data solutions and services. Equipped with innovative technological capabilities, companies like Actian help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of CIOReview helps you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts!EditorialUnleashing the Potential of Big DataCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com December - 13 - 2023, Vol 11, Issue - 138 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasVisualizersChris LynnBrian Harding*Some of the Insights are based on our interviews with CIOs and CXOsJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin Smith
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