Forget sequestration. According to a recent poll of 150 federal IT executives, federal agencies could potentially save almost six times as much — or nearly $500 billion — by tapping into big data technologies.

Such savings would amount to 14 percent of agency budgets across the federal government on an annual basis. But while almost one out of four of the executives surveyed report that they are already involved in at least one big data project, less than one-third of them believe that their agencies have a strategy in place to deliver on big data’s full potential.

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