Big data technologies are revolutionizing the technology sector, with companies like Robert Bosch Stiftung GmbH, Microsoft Corp, Broadcom Inc, Fractal Analytics Private Limited, and Hewlett Packard Enterprise Co leading the way. These companies are leveraging new patents to improve data processing, enhance machine learning capabilities, and streamline data lineage tracking. The advancements in big data technology enable businesses to make better decisions, improve operational efficiency, and drive innovation. The impact of big data extends beyond the technology sector, influencing various industries. GlobalData’s big data market report provides comprehensive analysis of the market. Buy the report here.
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This article presents a quarterly round-up of the latest trends in the technology industry regarding big data. It provides an overview of recent developments in big data-related deals, talent acquisition, and patent filings within the technology industry.
Diverse applications of big data in technology industry
Technology companies are increasingly leveraging innovative big data technologies to enhance their operations and customer experiences. Recent patents highlight advancements such as Elucid Bioimaging's hierarchical analytics framework for improved pathology analysis through quantitative imaging, which can lead to better diagnostic outcomes. Dell Technologies' proficiency analysis system optimizes customer service by matching issues with the most qualified agents based on data-driven rankings, enhancing resolution efficiency. Additionally, Marxent Labs is advancing 3D virtual environments, allowing for dynamic product placements based on 2D images, which can transform retail experiences. These innovations not only streamline processes but also provide significant competitive advantages in data management and customer engagement.
The industry experienced a 64% decline in the number of big data-related patent applications in Q2 2024 compared with the previous quarter. On an annual basis, the number of big data-related patent applications in the technology industry witnessed a drop of 14% compared with Q2 2023.
Strategic deal trends in big data in technology industry
Technology companies are not only focusing on innovation to enhance their patent portfolios but are also making strategic investments in big data. These investments aim to secure lucrative deals with partners and position themselves at the forefront of industry advancements. Some of the recent deals underscore the importance of big data in the technology industry.
In Q2 2024, the number of big data-related deals in the technology industry grew by 13% compared with Q2 2023. On a quarterly basis, there was 15% increase in the number of deals in Q2 2024 compared with the previous quarter.
Impact on hiring
In terms of new job posting, in Q2 2024, the technology industry experienced a 3% growth compared with the previous quarter. On an annual basis, job postings also grew by 45%. Notably, computer and mathematical occupations, with a share of 42%, emerged as the top big data-related job roles within the technology industry in Q2 2024, with new job postings drop by 10% quarter-on-quarter. Management occupations came in second with a share of 14% in Q2 2024, with new job postings dropping by 9% over the previous quarter. The other prominent big data roles include architecture and engineering occupations with an 8% share in Q2 2024, and business and financial operations occupations with a 5% share of new job postings.
Accenture, Microsoft, Amazon Web Services, Alphabet, and NTT DATA Group are among the top companies leading in big data hiring within the technology industry.
Countries driving adoption of big data in technology industry
The US is the leading country in big data adoption within the technology industry, boasting the highest number of big data-related patents, jobs, and deals. Meanwhile, China, the UK, India and Canada also maintain significant positions in big data adoption within the technology industry.
In conclusion, while patent applications for big data have declined, the sector shows resilience with increased strategic deals and job growth. Continued innovation and investment in big data will be crucial for sustaining industry advancements and competitive positioning.
To further understand GlobalData's analysis on big data in the technology industry, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData patent analytics tracks patent filings and grants across companies and themes. Proprietary databases on deals and job analytics are used to respectively monitor global deal activity and uncover insights from daily job postings to identify trends, company activities, and industry dynamics across different sectors globally.
