2014 Big Data Outlook: Opportunities and Challenges

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Organizations today have high expectations for the role Big Data will play in their future success. Through mining and analysis of Big Data, the goal is to quickly derive valuable insight to make faster, more intelligent decisions. This will give organizations a competitive edge that will allow them to grow the business, improve customer service, and increase revenues.

However, burgeoning data growth and variety of solutions that must be selected and seamlessly integrated, represent major challenges that IT and business managers must face today before their organizations can reap the benefits of Big Data analytics.

Learn more now: 2014 Big Data Outlook: Big Data Is Transformative – Where Is Your Company?

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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