How to Overcome Big Data Barriers

How to Overcome Big Data Barriers

Deciding FactorDeciding Factor

65% of global C-suite level execs and senior decision-makers surveyed said that their organizations will risk becoming irrelevant or uncompetitive if they do not embrace big data.

Budget AllocationBudget Allocation

56% anticipate higher investment in big data over the next three years, and 15% said this increase will be significant.

Developmental Delay, Part IDevelopmental Delay, Part I

45% said the current development cycle for new analytics insights takes too long, and doesn’t match their business requirements.

Developmental Delay, Part IIDevelopmental Delay, Part II

52% said the IT development process causes constraints with respect to arriving at insights more quickly.

Ill-EquippedIll-Equipped

47% said their IT systems are not optimized to enable business decision-makers in all departments to effectively do their jobs.

Border CrossingBorder Crossing

64% believe that big data is changing traditional business boundaries and enabling non-traditional providers to move into their industry.

Nimble NewcomersNimble Newcomers

53% said their organizations face increased competition from data enabled start-ups.

Strategic OverhaulStrategic Overhaul

Three-quarters said their company is either restructuring/reorganizing to exploit big data opportunities, or is planning to do so.

Repositioning PlanRepositioning Plan

63% said their organization is either introducing new C-level roles to exploit big data opportunities, or is planning to do so.

Biggest Barriers to Big Data ImplementationBiggest Barriers to Big Data Implementation

Shortage of skilled people: 37%, Time needed to analyze: 32%, High cost of data storage and manipulation: 33%

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

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles