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Big Data Journal: Article

Federal Big Data Spending Soaring

Agencies could set aside $7B by 2017

Federal agencies spent close to $4.9 billion on Big Data resources during fiscal year 2012 and that number could grow to $5.7 billion in 2014.

Research firm Deltek estimates federal big data spending will grow to $7.2 billion by 2017 as agencies strive to handle ever-increasing volumes of data, E-Commerce Times reports.

John Higgins writes that one initial challenge agencies face currently is coming up with a definition of "Big Data."

Alex Rossino, a Deltek principal research analyst at Deltek, told attendees at a March 14 conference that traditional analytics tools and computing resources are not able to keep up with the demands posed by the large amounts of data coming into agencies.

Greg Elin, the Federal Communications Commission's chief data officer, told E-Commerce Times the current procurement process could inhibit agencies' abilities to acquire big data tools such as hardware and software.

Elin compared federal procurement to the waterfall engineering concept, where the agency initially sets the design requirement then completes sequential steps toward the goal.

Higgins writes agencies could instead opt for the flexible agile method to acquire Big Data, where they change requirements frequently and develop projects in a modular manner.

More Stories By Tim Watson

Tim Watson supervises all media production at Executive Mosaic, a digital media company that provides insight, information and analysis on several industries, including government contracting.

He previously produced byline coverage with the economics team at USA Today and evaluated lending proposals for the Overseas Private Investment Corporation.

Tim was born and raised in Washington, DC and holds a bachelor’s degree in Business-Journalism from Washington and Lee University and a certificate in budgeting and finance from Georgetown University's School of Continuing Professional Education.