This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

New Survey Shows Federal Agencies Willing – But Not Ready – To Leverage Big Data

Stock quotes in this article: BAH

According to a study released today from the Government Business Council (GBC) and Booz Allen Hamilton, more than 75 percent of federal managers believe Big Data has the power to fundamentally transform federal operations. However, their confidence wanes when asked whether their agency is taking the appropriate steps to leverage this new method of collecting and using large amounts of information. A mere 37 percent agreed that their agency is moving in the right direction to implement Big Data.

The report, “ Turning Optimism into Reality: How Big Data Can Transform Government,” assesses the perceptions, attitudes and experiences of federal employees on the use of Big Data to improve operations. The study is supported by extensive primary and secondary research, including interviews with leading Big Data experts, a survey of federal employees and feedback from a random sample of 313 Department of Defense civilian and military Government Executive subscribers.

Mark Herman, executive vice president at Booz Allen Hamilton offers his insight on a Big Data strategy. “As organizations consider how to fully unlock the value of the massive amount of data available to them, an important – but often overlooked – element is defining a Big Data strategy. This roadmap will help ensure the right decisions are made in alignment with expectations for defined business or mission outcomes. Defining and implementing a strategy from this lens will help senior leaders engage in a productive dialogue that maximizes their Big Data and creates meaningful value.”

Key report findings include:

  • Only 18 percent of managers feel they have complete proficiency to use Big Data.
  • Agency skill set could explain managers’ lack of confidence. Fifty percent of program managers believe their agency could do more to capitalize on the opportunities Big Data offers, yet nearly the same number – 47 percent – responded that their agency does not have the technical skills to understand how to use Big Data.
  • Optimism abounds as 69 percent of federal leaders surveyed indicated that Big Data has the capacity to fundamentally transform federal operations.
  • Current Big Data capabilities were compared to agency Big Data goals; results show that while federal leaders may not leverage Big Data to create overall cost savings now, that it is a goal for their agency in the future.

“Big Data has very much become a buzzword for possibility in government, but identifying concrete steps to make it have a significant return on investment is a challenge. Our results show some fascinating insights on the gaps between the excitement about Big Data and the reality of making it work for federal agencies,” says Dana Grinshpan, research manager at the Government Business Council.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,804.71 -238.19 -1.40%
S&P 500 1,946.16 -26.13 -1.32%
NASDAQ 4,422.0850 -71.3050 -1.59%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs