The Big Data Analytics Services Opportunity for the Hardcopy Industry
This IDC study provides an overview of opportunities for hardcopy (HCP) ecosystem players to leverage document workflow expertise and resources to deliver Big Data analytics (BDA) services. Big Data analytics is a multibillion-dollar market with wide-ranging opportunities across infrastructure, software, and services, currently sized at over $117 billion. The BDA market offers hardcopy vendors some opportunities to leverage document technology competencies.
"Hardcopy vendors are well positioned to provide Big Data analytics on document-intensive processes. However, HCP vendors must first assess the market (e.g., healthcare, banking) they wish to target and the players in the space. Subsequently, they can engage in a playbook that can involve partnering or growing in-house competencies," said Dinesh Srirangpatna, research manager, IDC's Hardcopy Industry Transformation program. "There are various business models and delivery models that can be adopted to make HCP vendors participate in the growing Big Data market. Big Data revenue can help HCP vendors diversify beyond core HCP box business."
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