Big Data’s Biggest Challenges

Big Data’s Biggest Challenges

Big Data’s Biggest ChallengesBig Data’s Biggest Challenges

Few companies take full advantage of all the data that’s made available to them, and most business users spend more time gathering data than analyzing it.

Proper PathProper Path

94% of survey respondents said their company is “headed in the right direction” in leveraging big data efficiently.

Simple SequenceSimple Sequence

59% said unit leaders can easily access big data and use it to make business decisions quickly.

Additional AllocationAdditional Allocation

81% said their organization’s investment in big data resources will increase in the next five years.

Metric-MindedMetric-Minded

98% said their organization encourages employees to ground business decisions in data and evidence.

Underutilized AssetUnderutilized Asset

Just 23% said employees are using at least three-quarters of available big data to make business decisions.

Waiting GameWaiting Game

37% said it takes at least a day to access big data sources for analysis.

Top Challenges: HR FactorTop Challenges: HR Factor

66% said finding and hiring skilled big data analytics talent is difficult.

Top Challenges: Stalled SupportTop Challenges: Stalled Support

59% said the value of analytics is understood, but it isn’t quantified or articulated adequately enough to secure buy-in.

Top Challenges: High MaintenanceTop Challenges: High Maintenance

59% said their legacy data storage systems require too much processing to meet today’s business needs.

Top Challenges: In the DarkTop Challenges: In the Dark

59% said “shadow analytics” leads to data governance problems.

Top Challenges: Time ChallengedTop Challenges: Time Challenged

59% said business users spend more time gathering data than performing analytics.

Top Challenges: Analytical OversightTop Challenges: Analytical Oversight

42% said ad hoc analysis is not widely used and valued in their organization.

BMOCBMOC

63% said the chief data officer will drive organizational effectiveness and competitive success at large companies.

Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

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