2014 Big Data Outlook: Opportunities and Challenges

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How important is Big Data?

Many companies are interested in Big Data. That is no surprise. The survey found that a majority of respondents are not just mulling over how Big Data can help their companies, they consider Big Data to be a top priority. Overall, 77 percent of respondents feel that Big Data analytics is a priority for their organizations this year.

One point that stands out in our study is the large percent (57 percent) of mid-sized companies that rate Big Data analytics as a top/very high priority. This speaks to the competitive advantages organizations expect to get from their Big Data efforts.

Big Data has the potential to help companies improve operations and make faster, more intelligent decisions. As such, Big Data initiatives are poised for explosive growth. But like any new technology, there are obstacles that might prevent companies from realizing the full benefits that Big Data can provide.

To better understand the business drivers, expected benefits, and challenges of Big Data, QuinStreet Enterprise conducted a survey of 540 decision-makers involved in Big Data purchases.

The survey found that:

  • 77 percent of respondents consider Big Data analytics a priority
  • 72 percent cite enhancing the speed and accuracy of business decisions as a top benefit of Big Data analytics
  • 71 percent of mid-sized and large companies have plans for, or are currently involved with, Big Data initiatives.

However, even with this enthusiasm for Big Data and the expected benefits it might deliver, companies face numerous challenges in their Big Data efforts. Many are concerned about:

  • Big Data project and management costs
  • How to scale their infrastructures to accommodate the large volumes of data to be analyzed
  • Overcoming data silos and application integration.

Download Now: 2014 Big Data Outlook: Big Data Is Transformative – Where Is Your Company?


Related Topics : Vulnerabilities and Patches, Resellers, Broadcom, Broadband Services, Supercomputing

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