Only 33% Report Value From Big Data
- by Saida Ayupova
According to a recent survey of big data professionals conducted by SAS enterprises are investing significantly in big data initiatives. 83% of the respondents call their company’s investment “moderate” or “significant.”
However, many of these projects are still in the early stages: Just 33% say that they have derived value. Another 49% say it’s just too soon to tell.
Matthew Magne, Global Product Marketing Manager for Data Management at SAS, commented on the findings of the survey: “The good news is that large organizations understand the importance of big data solutions and are taking steps in the right direction. But while the trend is encouraging, many of these companies still have a long way to go; data access and quality remain challenges.”
Some of the key findings of the survey are:
- For many organizations, data access belongs to the "data crunchers" – data scientists and business analysts. Only 13 percent have self-service access without IT supervision.
- About a third of respondents have instant access to the data they need. But 28% say it can take up to a week, 8% a month, and 3% a month or more.
- Just under half of companies surveyed have a chief data officer. Others in IT are typically in charge of the organization's data.
- About one in five companies have implemented machine learning or artificial intelligence (AI) technology.
- Another 23% have tried machine learning or AI on an experimental basis.
- The largest segment, 42%, are exploring AI solutions but have yet to invest.