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A Presentation of the 2014 Massachusetts Big Data Report
1. The 2014 Massachusetts Big Data Report
A Foundation For Global Leadership
W W W. M A S S B I G D A T A . O R G
2. THE MASS BIG DATA INITIATIVE
• Mass Big Data Initiative launched
by Governor Patrick in 2012
• Mass Big Data Industry Analysis
and Research Project yields 2014
Mass Big Data Report
• First-ever baseline research
report on the big data ecosystem
and opportunities for sector
growth and leadership in the
Commonwealth
• Over 50 big data companies
surveyed; 16 industry
stakeholders interviewed; and
extensive analysis via public,
academic and social media
resources.
3. REPORT FINDINGS: A STRONG FOUNDATION
FOR EXPANSION AND LEADERSHIP
• Close to 500 companies participate and define the
Mass Big Data ecosystem
• Ten leading research centers differentiate the
Commonwealth for advancement in big data via life
sciences, healthcare, and other disciplines.
• Massachusetts colleges and universities graduate close
to 5,600 students annually from 14 data science-
related programs in the region.
• Investment funding in Massachusetts big data
companies topped $2.5B
• Massachusetts’ big data talent density is among the
highest in the US
5. THE COMPETITIVE LANDSCAPE
• Big data companies in Massachusetts are successful in attracting VC
and other investments
– 75% of the firms providing VC funds are located outside of
Massachusetts
– More than 240 investment firms have poured $2.5B into 123 big data-
related companies in MA since 2000
• The Commonwealth has a high degree of specialization and strength
in innovation, particularly in:
– data integration tools
– data analysis software
– data management
• Technical strength and the advancement of data science on all fronts
yielded 5,250 big data patents awarded to Massachusetts inventors
and organizations between 2008 and 2012.
• $20M+ in federal funding for big data –related research & training
efforts since 2006
6. MASS BIG DATA: PROSPECTS FOR GROWTH
• The overall global big data market is expected to top $48 billion by
2017, up from $11.6 billion in 2012
• Over 50 local big data related firms in the 2013 Mass Big Data
Survey reported that they are seeking to fill almost 400 big data-
related jobs in Massachusetts over the next 12 months
• Mass Big Data Survey respondents view applications in healthcare,
life sciences and financial services as “very promising” or
“extremely promising” in terms of prospects for substantial growth
in Massachusetts.
• Study respondents ranked “data integration tools” as the highest
growth area within big data technology
7. RETAINING BIG DATA TALENT
• Massachusetts is a clear leader in big
data talent density and data science
graduates per capita
• Among those data science grads
leaving the state, many go to the San
Francisco Bay area, followed by New
York City, and Austin, Texas
• Data Science curriculum and education
is exploding with defined programs at
Bentley, BU, Harvard, MIT,
Northeastern, and a recent MS in Data
Science announced at WPI
• By 2018, the big data skills gap will be
significant, leaving a shortage of
140,000 to 190,000 people with “deep
analytical talent,” and a shortage of 1.5
million “data-savvy managers and
analysts” who have the skills to be
effective consumers of big data*
*McKinsey Global Institute, “Big Data: The Next Frontier for
Competition” 2011
Location of “Data Scientists” Graduated
from MIT and Harvard
CIP Title US MA CA IL NC NY TX WA
11 Computer and Information Sciences 23.15 32.79 17.74 33.72 19.09 29.4 14.91 15.83
14.09 Computer Engineering 2.71 4.6 3.9 1.52 2.25 2.61 1.93 1.59
27 Mathematics and Statistics 9.57 18.49 8.69 12.39 10.47 16.37 6.98 9.51
40.08 Physics 3.12 8.94 2.95 3.27 2.96 4.23 1.97 3.45
26.0203, 26.0206 Biophysics and Molecular Biophysics 0.09 0.33 0.13 0.24 0.04 0.2 0.07 0
40.0202,
40.0403, 40.0603
Astrophysics, Atmospheric Physics and
Dynamics, and Geophysics and Seismology
0.15 0.44 0.28 0.12 0 0.06 0.33 0.22
Graduates in Data Sciences per 100,000
population in Massachusetts
8. REPORT IDENTIFIES MASS BIG DATA PRIORITIES
• Strengthen opportunities for data science
education and training
• Increase regional talent retention and industry
recruitment efforts
• Expand access to public data
• Increase awareness efforts and outreach
throughout the Mass big data ecosystem
• Accelerate regional innovation and company
growth via cross-sector collaboration
9. SUMMARY
MASSACHUSETTS BIG DATA ECOSYSTEM
• Close to 500 big data firms in region
• Significant specialization in data analysis,
management + integration software
• Global leader in big data-driven health, life
sciences, financial services technologies
INVESTMENT CONCENTRATION
• VC + investments groups have pumped $2.5
billion into MA big data firms since 2000
• $20M+ in federal funding for big data –
related research & training efforts since
2006
TALENT HUB
• An estimated 5,600 students graduate
annually from MA colleges with degrees in CS,
engineering, math, statistics, and other
relevant fields
• 14 data-science related programs are available
in Massachusetts universities and colleges
EXCEPTIONAL ASSETS
• MGHPCC
• hack/reduce
• Big Data @ CSAIL (MIT)
• Hariri Institute @ BU
• MassTLC Big Data Cluster
10. MASS BIG DATA RESOURCES:
• masstech.org | @Mass_Tech
• massbigdata.org | @MassBigData