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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.