2014: The Year Big Data Adoption Goes Mainstream In The Enterprise

by hmd_webmaster, 12th February 2014

Last week?IDG?published their latest big data?enterprise?survey and predictions for 2014 finding that on average, enterprises will spend $8M on big data ?related initiatives in 2014.

The study also found that 70% of enterprise organizations have either deployed or are planning to deploy big data-related projects and programs.? The study?2014 IDG Enterprise Big Data Research?is summarized?here.? The goal of the study includes gaining a better understanding of organizations? big data initiatives, investments and strategies.

IDG?s methodology includes interviews of 751 respondents randomly selected from CIO, Computerworld, CSO, InfoWorld, ITworld, and Network World subscribers, e-mail subscription lists and?LinkedIn?LNKD?-2.18%?forums.? An online survey of 46 questions was used.? To get the full study that includes a description of the methodology please contact IDG?s representatives listed on this?page.

For purposes of the study, IDG defined big data as large volumes of a wide variety of data collected from various sources across the enterprise including transactional data from enterprise applications/databases, social media data, mobile device data, unstructured data/documents, machine-generated data and more.

Key take-aways from this report include the following:

  • 70% of enterprise organizations already deployed/plan to deploy big-data projects versus 56% of small and medium businesses (SMBs).

70

 

  • Enterprises will average $8M in investments in big data-related initiatives and programs in 2014.? The following table provides a breakout of company spending on big data by number of employees.

big-data-investments

 

  • 74% predict that big data will be in mainstream use in at least one business unit or department.

big-data-is-here-to-stay

 

  • The most critical success factor serving as a catalyst of big data option is identifying business areas and processes where big data can have the greatest impact (37%), making sure the human capital exists to effectively extract value from big data initiatives (29%) and making sure storage, compute and networking resources are capable of supporting a big data initiative (25%).
  • Improving the quality of the decision-making process (59%), increase the speed of decision-making (53%), improving planning and forecasting (47%) and developing new products/services and revenue streams (47%) are the top four areas driving investment in big data initiatives today.

quality-and-speed

 

 

  • Storage (49%), servers (47%), cloud infrastructure (4%), discovery and analytics (43%) and applications (42%) are the top five areas of big data investment today.? Timeframes of investment plans by area are shown in the following graphic.

big-data-investments-2

 

  • Employment opportunities are bright in enterprises adopting big data, as the following graphic illustrates.? 19% of respondent companies plan on hiring data programmers in the next 12 to 18 months, followed by business analysts, data analysts, engineers and data architects.

staffing-up

 

 

Article Source

 

No Comments


Leave a Reply

Your email address will not be published Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*