Big 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.
94% of survey respondents said their company is “headed in the right direction” in leveraging big data efficiently.
59% said unit leaders can easily access big data and use it to make business decisions quickly.
81% said their organization’s investment in big data resources will increase in the next five years.
98% said their organization encourages employees to ground business decisions in data and evidence.
Just 23% said employees are using at least three-quarters of available big data to make business decisions.
37% said it takes at least a day to access big data sources for analysis.
66% said finding and hiring skilled big data analytics talent is difficult.
59% said the value of analytics is understood, but it isn’t quantified or articulated adequately enough to secure buy-in.
59% said their legacy data storage systems require too much processing to meet today’s business needs.
59% said “shadow analytics” leads to data governance problems.
59% said business users spend more time gathering data than performing analytics.
42% said ad hoc analysis is not widely used and valued in their organization.
63% said the chief data officer will drive organizational effectiveness and competitive success at large companies.