Every where we look we are hearing more and more about the growing connectedness in our lives. You’ve likely heard something from Cisco Systems CSCO +1.9% about the Internet of Everything. From the smartphones and tablets we carry to the cars we drive and the homes we live in. It’s not just around us in our personal lives, but also in our work lives. Put those together and there is a significant amount of information that companies can use to improve the customer experience as well as fend off attacks. This move is going to create waves of opportunity for many companies — from wireless chip companies like Qualcomm QCOM +1.27% to database and information systems companies like Oracle ORCL +1.98% and SAP as well as software and services companies like IBM IBM +0.62%.
To sort through all of this and discuss the opportunity to be had with what is increasingly called Big Data, I recently spoke with Bob Picciano, senior vice president of IBM’s Information and Analytics Group. While some people still think of IBM IBM +0.62% as computers and cash registers, the company has been busy transforming itself into a Big Data and Analytics powerhouse during the last few years, and that investment is paying off. The combination of more than $24 billion invested to date to build IBM’s Big Data capabilities, through a combination of R&D initiatives and more than 30 acquisitions, has led to more than 40,000 service engagements for IBM. Recently, the growth in Big Data recently led to IBM upsizing its 2015 revenue target to $20 billion. The original target was $16 billion, but IBM hit that in 2013. That should give you an idea of how fast Big Data is growing and how IBM is performing.