The global big data market is forecasted to grow from $56 billion in 2020 to a whopping $103 billion by 2027. Across the board, enterprises are investing in technologies that help them process and leverage larger and larger data lakes.
However, at present, the ROI on these investments is mixed. In 2019 alone, losses attributed to cloud waste amounted to $14.1 billion. One major reason why overspending is extremely common is a lack of strategic optimization. At Pepperdata, internal data gathered from users prior to their onboarding confirms the scale of the waste and shows how autotuning can help.