New Deltek Report: Federal Big Data Market, 2024-2028

Deltek published the updated Federal Big Data Market, 2024-2028 on Oct. 24, which forecasts the spending trends, drivers, and inhibitors shaping the federal big data environment. Deltek anticipates federal spending on big data products and services will increase 35% in the next five years.

The report would be insightful for federal data, AI, and IT leaders who want to ensure their multi-year strategies factor in the new technologies and approaches outlined in the report.  According to Deltek, the report includes:

• Analysis of the policies, legislation, leadership and strategies impacting federal big data acquisitions.
• Understanding of the technologies intersecting and helping shape federal big data strategies and initiatives.
• Assessment of historical spending patterns.
• Addressable contractor-addressable market forecasts across the federal sector, big data solutions areas and top agencies for the next five years.
  Insight to agency initiatives and priorities.
• Recommendations to help contractors evaluate the impact of trends on their businesses.

The Deltek announcement included the following top 5 findings from the new market analysis:

• AI Influence. Agencies continue to improve data management practices and data hygiene as part of the drive to leverage AI and automation in operations and missions.
• Technology Convergence. AI, zero trust, Internet of Things and edge computing initiatives are driving data tagging/labeling, while cloud computing is being used to scale and integrate data.
• CDO Priorities. Top priorities for Chief Data Officers include implementing data strategies, enabling data-driven decisions, improving data management infrastructure and data organization.
• Top Data Challenges. Key data challenges at agencies include understanding the data sets that exist within the organization, ensuring data integrity and creating a data-driven culture.
• Cloud-Based Analytics. Driven by convenience and the availability of cutting-edge capabilities, agencies are turning to cloud-based analytics more than ever.