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Why most businesses are failing to draw value from big data

From Information Age

"The capability to blend information from data centres, cloud apps and even Excel spreadsheets on desktops is vital. With surging quantities of business data, leaders must free their analysts with the proper tools and processes to deliver insights in minutes or hours, rather than the days or even weeks that data blending has traditionally taken.

This will unleash a company’s analysts to achieve ever-greater things, while reducing the burden on its technical team and unlocking business possibilities that would otherwise have lain unnoticed. 2015 will be the year that companies realise this.

There’s an urgent problem when it comes to data analytics. According to Alteryx research, 72% of business and analytics leaders aren’t satisfied with how long it takes to retrieve the insights they need from data. Nine out of every ten of these dissatisfied leaders point the finger of blame at the inability to efficiently combine data from multiple sources.

The issue is only set to worsen for those businesses that don’t act quickly, as organisations grapple to extract value from a surging amount of data. An IDC report released in December estimated the total volume of digital data, globally, will continue to double every two years. This phenomenal scale was echoed by Gartner, which predicted that the volume of enterprise data alone will increase by 650% between 2014 and 2019.”

Read more at Information Age


NCC Weekly News Update 19 February 2015

 

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