Massive amounts of data are being produced and stored, but less than 20% of the data is analyzed, and IT organizations cannot keep pace with the speed of data growth. Data monetization and business insights — core to effectiveness and efficiency — directly depend on the transformation of data into information and insight. To meet these new requirements, IDC suggests that data should be managed with a similar diligence that the business applies to financial or physical assets. Two important aspects to this management are a pan-enterprise strategy for collecting and analyzing information, and a framework that supports the consistent acquisition, storage, movement, transformation, reporting, and analysis of existing, traditional, and new forms of data.
A recent survey conducted by IDC of on Big Data Analytics highlighted that innovation tends to derived by organizations that
By 2018, 30% of CIOs of Global Organizations Will Have Rolled Out a Pan-Enterprise Data and Analytics Strategy