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Biztech Jan 5, 2013

Over 50% Cos Not Equipped To Gain Insight From Big Data

By Biztech2.com Staff

HP has disclosed research that shows more than half of all respondents feel that gaining insight and effectively managing Big Data is strategic to their organisations.

According to a study from Coleman Parkes Research, commissioned by HP, 62 percent of private organisations in Asia Pacific and Japan indicated that an effective information optimisation strategy would provide them with a competitive advantage. Fifty-six percent of public sector respondents indicated that an effective information optimisation strategy would allow them to better serve citizens. Additionally, 60 percent of respondents regard the skills of a chief data officer as imperative to bridge the chasm between Big Data and driving enterprise insight.

However, while executives understand the importance of gaining command over the variety, velocity and volume of information, they regard their organisations as unable to address the associated challenges:

  • Only 15 percent of executives said their organisations currently incorporate unstructured data into their enterprise insights, processes and strategy.

  • More than half business executives reported that their organisations are not equipped with the right solutions to gain insight from Big Data.

  • Of the executives surveyed, only 12 percent said that their IT department immediately provides the right information to obtain actionable insight in order to drive the right business outcome, up from two percent compared to last year.

  • More than half of executives admitted that their organisations are not currently prepared with the right strategies, tools and policies to prevent data corruption and unauthorised access to their data.

In a world where information is everywhere, enterprises are beginning to understand that deriving actionable insights from all types of data is the key to driving success. In the next three years, more than 80 percent of organisations plan to incorporate unstructured data into their enterprise insights, processes and strategy.

by Biztech2.com Staff

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