Appreciating Big Data Analytics’ Business Value

Appreciating Big Data Analytics’ Business Value

Technology Making Biggest Impact in Last Five YearsTechnology Making Biggest Impact in Last Five Years

Mobile computing topped the list, at 66%, followed by data analytics, at 51%, and cloud computing, at 45%.

Technology Expectations in the Next Five YearsTechnology Expectations in the Next Five Years

Just over half (55%) said customers will demand 24/7 access and connectivity, closely followed by faster access to services (53%).

A Brave New Digital WorldA Brave New Digital World

A full 68% said the combination of mobile, social, analytics and the cloud is changing the world as we know it.

Digital Impact on the BusinessDigital Impact on the Business

Almost three-quarters (73%) said digital technologies will have a direct impact on business in the next five years, while 68% said they already have.

Turning Information Into Actionable IntelligenceTurning Information Into Actionable Intelligence

A full 71% claim they are good or very good at turning data into useful information, while only 6% said they are poor or very poor at doing so.

Impact of Massive Amounts of DataImpact of Massive Amounts of Data

Only 36% said access to an abundance of data is making a significant difference in their business, versus 38% that said it helps some. Conversely, 14% said it makes things harder.

Drivers of Better Data UsageDrivers of Better Data Usage

More than half (54%) said customers are forcing the issue, followed by 39% that said competitors are doing so.

Technology Drivers of Business ChangeTechnology Drivers of Business Change

Big data analytics was cited most by 43%, followed by automation (37%) and cyber-security (36%).

Areas of Predictive Analytics SuccessAreas of Predictive Analytics Success

Finding cost savings comes in first, at 43%, followed by identifying consumer trends, at 40%.

Ability to Innovate in an Agile WayAbility to Innovate in an Agile Way

A quarter (25%) said they can do this across the organization, versus 58% that claim to be able to innovate quickly in parts of the business.

Ability to Operate in Real TimeAbility to Operate in Real Time

Less than a third (29%) claimed to be able to do this organization-wide, versus 52% that said they can operate in real time in pockets of the business.

Availability Products and ServicesAvailability Products and Services

A full 43% currently provide access 24/7, while 23% plan to in the next 12 months. Another 18% plan to do so in a year or more.

Access to Data ScientistsAccess to Data Scientists

A little less than a quarter report having access to data scientists, while 40% have a wealth of data and tools but no data scientists.

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