“Data and analytics are no longer opportunistic. They are now formal research areas for our company.”
New Capabilities for the Long Run
FACT:
The share of Strategic Data Managers who say "We put nearly all of the data that is of real value to good use"
14%
The 2011 and 2015 percentage of respondents who said the CIO is primarily responsible for all data initiatives
Companies that have well-defined data-management strategies that focus resources on collecting and analyzing the most valuable data
FACT:
“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.”
Maintaining data quality:
Almost 8 of 10 "Strategic Data Managers Hold an Edge Over Competitors”
26%
FACT:
Challenges Remain for Every Type of Organization
Data Grows Into a Strategic Role
Ensuring data security and privacy:
Big Data's
Evolution:
“Today, prioritizing has become very important. Business executives start by asking ‘what are the key business problems to solve’ ”
How companies describe themselves
63%
The number of companies rating themselves as "very competent" in data-related activities
The respondents who say data has "completely changed" the way they do business. Up from 9% in 2011
The Road Ahead
FACT:
FACT:
The 2011 and 2015 percentage of respondents who said the CIO is primarily responsible for all data initiatives
-- Greg Taffet, chief information officer, U.S. Gas & Electric
14%
Companies that understand the value of data and are marshalling resources to take better advantage of them
The respondents who say data has "completely changed" the way they do business. Up from 9% in 2011
FACT:
63%
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
FACT:
Companies with financial performance ahead of peers
FACT:
How would you rate your organization’s financial performance in its most recent fiscal year compared with that of your competitors?
FACT:
Beyond Competitive Advantage: The Financial Edge From Strategic Use of Data
26%
-- Alan Feeley, managing director of global shared services at Siemens, a global engineering firm.
Where are your company's most significant challenges related to big data initiatives?
FACT:
The number of companies rating themselves as "very competent" in data-related activities
Collecting and managing vast amounts of data:
Companies with financial performance on par or behind peers
--Mary Merkel, chief underwriting officer, Zurich Insurance
Click here to view full report