Measuring Massachusetts' big data ecosystem
- By Derek Major
- Mar 10, 2016
Big data is being leveraged for everything from energy modeling to weather forecasting, but it can be hard for states to measure and determine the potential of big data-related growth on businesses and their state economies.
Now, however, the Massachusetts Big Data project at the Innovation Institute at Massachusetts Technology Collaborative (MassTech) has released a report on the recent development of the big data ecosystem in the Commonwealth.
The Massachusetts Big Data Indicators 2015 report updates the inaugural 2014 report with publicly reported data sources detailing public and private investment, issued patents and graduates from university science, technology, engineering and math (STEM) programs. Additionally, MassTech surveyed 60 big data companies in the state.
The report found that 53 analytics-focused companies have been created since 2013. Additionally, 200 new big data projects in the state have received federal investment, and there’s been a 46 percent increase in patents in big data-related categories between 2010 and 2014. Education has also fed the talent pipeline of the big data ecosystem in the state, with more than 6,000 university students have graduating from more than 70 data science programs in Massachusetts in 2013.
The Mass Big Data project was launched in 2012 to strengthen the state’s big data ecosystem. The full report can be seen here, and each section of the research study cites sources of the data in the footnotes.
Derek Major is a former reporter for GCN.