A majority of companies already are involved with Big Data efforts. The survey found that 71 percent of mid-sized and large companies are actively working on Big Data initiatives or have plans in the works. Those companies have either deployed, are in the process of deploying projects, are beta testing, or plan to begin a Big Data initiative within 12 months.
In contrast, only 29 percent of mid-sized and large companies are in the early stages. These companies are either investigating Big Data initiatives or have assigned a task force to look into an initiative.
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.