That’s according to IDC, which said reveues increased to $2.3 billion, generating over 898 petabytes of storage capacity shipments, up by 46.6 percent compared to Q3 2013.
IDC research director Jed Scaramella said that over the past year IT vendors invested heavily in product portfolio and that’s resulted in more adopting in customers’ IT.
IDC defines integrated platforms as those sold with pre-integrated packaged software and customised system engineering for software development, databases, testing and integration tools. Integrated infrastructure are for general purpose workloads.
In the first category, Oracle was the leader in the pack, followed by IBM, and HP. Oracle showed revenue growth of 7.1 percent, IBM’s revenue growth fell by 18 percent, while HP showed a massive revenue growth of 285 percent.
In the second category, VCE saw a 45.7 percent growth in the quarter, Cico/Netapp showed a 32.2 percent growth while HP surprised with a 273.3 percent revenue growth in the third quarter of 2014.
The Chartered Institute of Management Accounts (CIMA) and the American Institute of CPAs (AICPA) surveyed 2,000 finance professionals – including CEOs and chief financial officers – and found to their dismay that 86 percent of organisations struggle to make sense of the data they’re storing.
And nearly half (44 percent) surveyed said their organisations don’t have the right tools in place to understand the trend. Only 53 percent are investing in tech to harvest and get insight into the data.
The main reasons organisations are struggling is that they can’t bring the data together; aren’t sure if the data is good quality; are unable to get information from non-financial dta and identifying trends and insights.
Nevertheless, according to Peter Simons, an analyst at CIMA, companies do understand that big data is a real business asset. He said as many as 93 percent of the respondents think finance has an important part to play to help their organisations benefit from data.