Most Companies Spend Very Little, A Few Spend A Lot
Most companies aren't spending a lot on their big data initiatives, but some are investing heavily. Tata Consultancy Services (TCS) found that large companies undertaking big data initiatives are spending a median of $10 million. Twenty-five percent of companies spent less than $2.5 million on their initiatives in 2012.
On the other hand, 15 percent of the companies surveyed by TCS spent more than $100 million on big data initiatives in 2012; 7 percent spent more than $500 million. TCS found that companies in the telecommunications, travel, high tech and banking sectors spent the most, while companies in life sciences, retail and energy/resources spent the least.