10 Powerful Facts About Big Data - InformationWeek

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IoT
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Data Management // Big Data Analytics
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6/10/2014
07:06 AM
Jeff Bertolucci
Jeff Bertolucci
Slideshows

10 Powerful Facts About Big Data

Big data means many things to many people, but how broad is its impact? Consider these figures on big data and the gurus who splice it.
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How much data is ignored?
Most companies estimate they're analyzing a mere 12% of the data they have, according to a recent study by Forrester Research. Is this good or bad? Well, these firms might be missing out on data-driven insights hidden inside the 88% of data they're ignoring. Or perhaps they're wisely avoiding a resource-gobbling, boil-the-ocean strategy. A lack of analytics tools and 'repressive' data silos are two reasons companies ignore a vast majority of their own data, says Forrester, as well as the simple fact that often it's hard to know which information is valuable and which is best left ignored.
(Source: Chinaemail.com)

How much data is ignored?
Most companies estimate they're analyzing a mere 12% of the data they have, according to a recent study by Forrester Research. Is this good or bad? Well, these firms might be missing out on data-driven insights hidden inside the 88% of data they're ignoring. Or perhaps they're wisely avoiding a resource-gobbling, boil-the-ocean strategy. A lack of analytics tools and "repressive" data silos are two reasons companies ignore a vast majority of their own data, says Forrester, as well as the simple fact that often it's hard to know which information is valuable and which is best left ignored.

(Source: Chinaemail.com)

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D. Henschen
50%
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D. Henschen,
User Rank: Author
6/11/2014 | 12:41:30 PM
Follow the business
Great slide show with lots to think about from the technology/data perspective. From the business perspective, Forrester's recent advice has been to build the business case first, before deploying the technology. Make the business case (or cases) and the right tech choices will follow. Don't do it the other way around: build a platform, collect data and hope something will come of it.
ChrisMurphy
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50%
ChrisMurphy,
User Rank: Author
6/11/2014 | 8:27:54 AM
Re: Video is the biggest "big data"
Big data a bubble? Only if you define bubble as a phenom where some people will lose a lot of money and some will make a lot of money. Some will spend well, with focus and clear goals on big data efforts, and some will chase the dream without discipline and not get a return. Big data initiatives won't lift all boats, but the value to the winners will be undeniable. 
David F. Carr
100%
0%
David F. Carr,
User Rank: Author
6/10/2014 | 7:17:27 PM
When does big data = big confusion?
Isn't big data less useful if it's too big, too random? The analytics technologies are powerful, but wouldn't they be even more powerful in combination with a strategy for selecting and organizing the data we collect? Instead of letting the tech make the data collection process sloppy.
Shane M. O'Neill
50%
50%
Shane M. O'Neill,
User Rank: Author
6/10/2014 | 11:41:58 AM
Re: IoT data
Bit if a mystery to me why IT pros are investing in the software and application side of the Internet of things, but blowing off purchasing the hardware: sensors, video equipment, projectors, and other peripherals. 
Laurianne
50%
50%
Laurianne,
User Rank: Author
6/10/2014 | 10:47:40 AM
IoT data
More than half of IT pros not preparing for onslaught of data from IoT sensors. Does this surprise you, or not? Companies in the energy sector are preparing now. This % must vary wildly by industry, of course.
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