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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Even Though 79% Think Big Data Will Improve Decision Making, One-Third Have No Big Data Plans





HOPKINTON, Mass., Dec. 12, 2013 /PRNewswire/ -- EMC ® Corporation (NYSE: EMC)  today released the findings of its global survey that asked thousands of IT decision makers from 50 countries for their perspective on the challenges and opportunities that Big Data and IT transformation – and related skills – can present to their companies. Over the last six months this research polled more than 10,700 business and IT management and executives, technical architects, data scientists and storage/infrastructure managers from a range of industries who registered to attend their local EMC ® Forums.

Visit http://www.emc.com/campaign/global/forum2013/survey.htm for a closer look at the global and country-level survey results. Highlighted below are examples of countries and topics for which a strong divergence of views were revealed.

Key Findings

Companies continue to look to IT innovation in order to compete locally and on the global stage:

  • 76% of respondents report that their business believes technology investment is a strategic way to achieve its goals. (92% India vs. 65% England)
  • The top three drivers for the transformation of IT systems and infrastructure are:
  1. Better Business Processes
  2. Innovating Products & Solutions
  3. Enhancing Customer Experience
  • 66% of respondents report that they have the correct level of skills and knowledge in place to complete their business priorities successfully. (82% Singapore vs. 52% Ireland)
  • Three quarters of respondents report that ensuring skills keep pace with the rate of IT innovation will be a challenge for their organizations over the next three years.
  • 68% of respondents agree that IT is now equipped to handle the most essential business priorities – and that now, the biggest barrier is cultural. (90% Korea vs. 39% Poland)

Big Data is giving rise to markedly improved decision making and is having a significant impact on companies' competitive differentiation and ability to avert risk.

  • 79% of businesses surveyed reported that better uses of Big Data will lead to better decision making. (84% North America vs. 56% Germany)
  • 58% of respondents believe that Big Data will be a key factor in determining winners and losers in their industry. (81% Korea vs. 29% Sweden)
  • 36% have already achieved a competitive advantage as a result of Big Data analytics technology. (79% Taiwan vs. 16% Japan)
  • 56% of respondents also agree that Big Data technology will prove vital in identifying and protecting against cyber-attacks. (74% China vs. 36% Finland)
  • Nearly one-third (29%) of companies surveyed have no current plans for implementing Big Data technology. (43% Italy vs. 9% China)
  • While budget was the most important factor for overall business decision making, the most common reason cited as inhibitors to Big Data adoption were no clear business case or proven ROI (35%), relevancy to business (23%), and business culture being unready for Big Data (22%).

EMC Quote

Helene Barnekow, Senior Vice President of World Wide Field & Partner Marketing , EMC Corporation

"We weren't surprised to see that three-quarters of businesses see IT as key to meeting their goals in the next two years – after all, IT can help businesses find efficiencies in a challenging economic climate while providing a platform for innovation for products and customers. It was surprising however to see that one-third of businesses are not considering Big Data solutions – we expect this to change in the near-term as individuals and companies hear more about the transformative benefits that are achievable with Big Data analytics technology. The survey also reminds us that to realize the full benefits of IT Transformation, organizations must transform the technology layer while transforming the people and process layers."

Stock quotes in this article: EMC 

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.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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