Companies that collect a large amount of data but do not consistently maximize their value
Data wasters: companies that collect data, yet severely underuse them
Companies that understand the value of data and are marshalling resources to take better advantage of them
Companies that have well-defined data-management strategies that focus resources on collecting and analyzing the most valuable data
New Capabilities for the Long Run
Big Data's
Evolution:
How companies describe themselves
Data Grows Into a Strategic Role
14%
The respondents who say data has "completely changed" the way they do business. Up from 9% in 2011
FACT:
14%
The respondents who say data has "completely changed" the way they do business. Up from 9% in 2011
FACT:
63%
The share of Strategic Data Managers who say "We put nearly all of the data that is of real value to good use"
FACT:
63%
-- Alan Feeley, managing director of global shared services at Siemens, a global engineering firm.
“Data and analytics are no longer opportunistic. They are now formal research areas for our company.”
FACT:
Beyond Competitive Advantage: The Financial Edge From Strategic Use of Data
Almost 8 of 10 "Strategic Data Managers Hold an Edge Over Competitors”
How would you rate your organization’s financial performance in its most recent fiscal year compared with that of your competitors?
The 2011 and 2015 percentage of respondents who said the CIO is primarily responsible for all data initiatives
FACT:
The 2011 and 2015 percentage of respondents who said the CIO is primarily responsible for all data initiatives
FACT:
-- Greg Taffet, chief information officer, U.S. Gas & Electric
“Today, support from the business is strong. The business is asking for data and analytics—they have too much to do and can’t do everything in spreadsheets.”
FACT:
The Road Ahead
Challenges Remain for Every Type of Organization
Companies with financial performance on par or behind peers
Ensuring data security and privacy:
Collecting and managing vast amounts of data:
Maintaining data quality:
Companies with financial performance ahead of peers
Where are your company's most significant challenges related to big data initiatives?
26%
The number of companies rating themselves as "very competent" in data-related activities
FACT:
26%
The number of companies rating themselves as "very competent" in data-related activities
FACT:
--Mary Merkel, chief underwriting officer, Zurich Insurance
“Today, prioritizing has become very important. Business executives start by asking ‘what are the key business problems to solve’ ”
FACT:
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