Big Data Vendor Revenue and Market Forecast 2012-2017

The Big Data market is on the verge of a rapid growth spurt that will see it near the $50 billion mark worldwide within the next five years.

The analysis in this in-depth research report highlights Wikibon’s five-year forecast for the Big Data market as a whole as well as vendor revenue estimates. It includes full analysis of the leading market growth catalysts and advice for enterprise CIOs and business leaders looking to capitalize on Big Data and business analytics.

Did the US Shutdown Affect the Global Economy?

Government shutdown, in American politics, refers to a temporary halt in government services when lawmakers cannot pass the necessary funding measures in time.

It's been the first Government Shutdown since United States federal government shutdowns of 1995–96 during Clinton presidency. 

After the US Government went into a shutdown on October 1st, 2013, and only essential services functioned for 2 weeks, the US Congress voted on the night of October 16th, 2013, to avert a debt default and allow the government to work again.

Have you tried Knoema Market so far?

It's been a month since we've launched Knoema Market and it is considered to be our biggest release of the year.

You might have seen or even tried to participate in some projects at some point, though since the first day of launch and till today we haven't made any post about our brand new marketplace, so here we go.

Global Competitiveness

"The Global Competitiveness Index (GCI) is a comprehensive tool that measures the microeconomic and macroeconomic foundations of national competitiveness. It is composed of 12 "pillars", or categories.

Competitiveness is the set of institutions, factors and policies that determine the level of productivity of a country taking into account its level of development", - World Economic Forum.

According to overall index, Switzerland is the most competitive country in the world retaining leading position since 2008 after it outpaced United States which, in turn, worsened its position and moved from the first to the fifth place over the same period. While competitiveness is positively related to the wealth of the nation expressed through the GDP per capita, the relation between competitiveness and happiness seems to follow negative square pattern: middle level of competitiveness corresponds to the highest level of happiness.

Global Petrol Prices

All world countries have an access to the same petroleum prices as on international markets though countries governments decide to impose different taxes according to their economic policies. As a result, the retail prices of gasoline differ considerably across countries.

Explore global petrol prices as for July 2013 on the charts and a map below and see how low gasoline can cost in producing countries in South America and Middle East in contrast with the other world.

In some cases, like in Venezuela, the government even subsidizes gasoline and therefore people over there pay close to nothing to drive their cars.

G20 Consumer Price Index

The G20 CPI provides a timely measure of inflation for the G20. In the future, the G20 CPI will become part of the regular OECD monthly News Release on CPI at around one month after the reference period.

Annual inflation in the G20 area was 3.0% in the year to August 2013, down from 3.2% in the year to July 2013.

The G20 CPI aggregate reflects diverging patterns among the world’s largest economies. India, Argentina, Indonesia and Turkey experienced the highest annual inflation rates (equal to or above 8.0%) in August 2013, while Japan, France, Canada and Italy had the lowest annual inflation rate (between 0.9% and 1.2%).

How to Predict Recession

Yesterday the world got to know that the 2013 Nobel Prize in economics was awarded to Eugene Fama, Lars Peter Hansen and Robert Shiller for their "empirical analysis of asset prices". According to the awarding committee, their work had "laid the foundation for the current understanding of asset prices".

And then we came up with our new viz of the day in which we actually empirically try to find the answer to the question: How to predict economic recession?

The analysis of yield curve may help to predict upcoming economic recession. Yield curve shows how interest rates of debt (usually government bonds) change with the increase of its term to maturity.

Usually it is considered by investors that lending money for the long term is more risky than lending for the short term, as it is harder to make any predictions for the longer time horizon, i.e. how the world will change say in 10 years. That is why long-term interest rates are usually higher than the short-term ones. Note, "usually" means “in good times” or when people have somewhat robust expectations about near future.

FDI at the Global Level

Foreign Direct Investment (or FDI) – is an investment made by a company or entity based in one country into a company or entity based in another county.

Open economies with skilled workforces and good growth prospects tend to attract larger amounts of foreign direct investment than closed, highly regulated economies.

Explore World Data Atlas in your native language

It's not a secret that users from all around the Globe have fall in love with our World Data Atlas so it's turned to be our most popular application. 

For a long time all the content of Atlas was in English. But nowadays, and it's more than just reasonably, we are on the way of making World Data Atlas multilingual. We do care that anyone could use Atlas with more comfort and profit.

Today we are glad to invite users to explore Atlas in Japanese, Chinese, French, Russian, and German

Moving towards Knowledge Economy

To what extent a country is prepared for the transition to knowledge-based economy, i.e. the economy that is able to efficiently stock, process and transfer knowledge, needed for a country to maintain competitiveness in today's modern world?

To shed some light on this complicated question and correspondingly to help country leaders to choose strategically right directions, the World Bank developed instrument known as Knowledge Economy Index. Based on 148 indicators which serve as proxies for 4 Knowledge Economy pillars, exactly, Economic Incentive and Institutional Regime, Education and Labor, Innovation and Information & Communications Technology, this index assesses 146 countries throughout the world on their ability to compete in international innovative environment and to supply new knowledge.