Big Data now being perceived as strategic

Survey shows that enterprises want control over information to drive competitive advantages

Enterprises are becoming increasingly interested in Big Data. A study commissioned by HP

has revealed that a vast majority of organizations in Asia Pacific believe that gaining insight

and effectively managing Big Data can be strategic to their cause.

The survey involving a mix of public and private sector enterprises showed that 62 per cent

of private organizations in the region indicated that an effective information optimization

strategy would provide them with a competitive advantage. While 56 per cent of public sector

respondents indicated that an effective information optimization strategy would allow them to

better serve citizens. Additionally, 60 per cent of respondents regard the skills of a chief data

officer as imperative to bridge the chasm between Big Data and driving enterprise insight.

However, while executives understand the importance of gaining command over the variety,

velocity and volume of information, they regard their organizations as unable to address the

associated challenges:

Only 15 per cent of executives said their organizations currently incorporate

unstructured data into their enterprise insights, processes and strategy.

More than half of business executives reported that their organizations are not

equipped with the right solutions to gain insight from Big Data.

Of the executives surveyed, only 12 per cent said that their IT department

immediately provides the right information to obtain actionable insight in order to drive

the right business outcome, up from two percent compared to last year.

More than half of executives admitted that their organizations are not currently

prepared with the right strategies, tools and policies to prevent data corruption and

unauthorized access to their data.

In a world where information is everywhere, enterprises are beginning to understand that

deriving actionable insights from all types of data is the key to driving success. In the next

three years, more than 80 per cent of organizations plan to incorporate unstructured data into

their enterprise insights, processes and strategy.

Enterprises are becoming increasingly interested in Big Data. A study commissioned by HPhas revealed that a vast majority of organizations in Asia Pacific believe that gaining insightand effectively managing Big Data can be strategic to their cause.

The survey involving a mix of public and private sector enterprises showed that 62 per centof private organizations in the region indicated that an effective information optimizationstrategy would provide them with a competitive advantage. While 56 per cent of public sectorrespondents indicated that an effective information optimization strategy would allow them tobetter serve citizens. Additionally, 60 per cent of respondents regard the skills of a chief dataofficer as imperative to bridge the chasm between Big Data and driving enterprise insight.

However, while executives understand the importance of gaining command over the variety,velocity and volume of information, they regard their organizations as unable to address theassociated challenges:

Only 15 per cent of executives said their organizations currently incorporateunstructured data into their enterprise insights, processes and strategy.

More than half of business executives reported that their organizations are notequipped with the right solutions to gain insight from Big Data.

Of the executives surveyed, only 12 per cent said that their IT departmentimmediately provides the right information to obtain actionable insight in order to drivethe right business outcome, up from two percent compared to last year.

More than half of executives admitted that their organizations are not currentlyprepared with the right strategies, tools and policies to prevent data corruption andunauthorized access to their data.

In a world where information is everywhere, enterprises are beginning to understand thatderiving actionable insights from all types of data is the key to driving success. In the nextthree years, more than 80 per cent of organizations plan to incorporate unstructured data intotheir enterprise insights, processes and strategy.

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