GovWin IQ Publishes Federal Big Data Market Analysis, 2024-2028

The Federal Big Data Market, 2024-2028 report by Deltek’s GovWin IQ analyzes the policies, research and development, strategies, and technologies driving the federal big data marketplace. They project federal spending on big data products and services will increase from $9.1 billion in FY 2024 to $12.3 billion in FY 2028, marking a 35% growth over five years.  The 107-page report can be purchased for $2,900 on the GovWin IQ website.

The report’s key points include:

• Market Growth: AI and Automation: Agencies are improving data management practices to leverage AI and automation in their operations and missions.
• Technology Convergence: Initiatives involving AI, zero trust, Internet of Things (IoT), and edge computing are driving the need for better data tagging, labeling, and integration, often using cloud computing.
• Chief Data Officers’ Priorities: Key priorities include implementing data strategies, enabling data-driven decisions, and improving data management infrastructure.
• Data Challenges: Agencies face challenges such as understanding existing data sets, ensuring data integrity, and fostering a data-centric culture.
• Cloud-Based Analytics: There is a growing trend towards using cloud-based analytics for convenience and advanced capabilities.