My Top 10 "Facts" of Big Data and Analytics from IBMInsight Today!
There was an exciting start to IBM's Insight conference in Las Vegas starting first with our Outstanding Partners !!! And did you know that this is the LARGEST Big Data conference in the world!
As Bob Picciano said "Data is the WHAT; Cloud is the HOW, and Engagement is the WHY"
Here's are just some of the exciting Facts that we've learned on the first day!
- 71% of companies planning to increase budgets for analytic systems and 60% of leading companies – compared to just 29% of lagging organizations – are increasing big data and analytics investment by double digits over the next two years.
- 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? Are they missing out on data-driven insights hidden inside the 88% of data they're ignoring?
- >91% of big data deployments are planned to augment existing data warehouse not replace them
- From IBM's Business Tech Trend Study, nearly 70% of leading companies say analytics are integral to how their organizations make decisions, compared to fewer than 20% of lagging organizations
- 89% of leading companies have mature big data and analytics capabilities – 2x more than lagging companies.
- 74% of leading companies have most of the big data and analytics skills they need – 2 times more than lagging companies
- 33% of leading companies have an enterprise-wide analytics strategy – nearly 7 times more than lagging companies
- More than 80% of leading companies plan to increase use of social and mobile analytics over the next two years
- 80% of all data is geo-spatially managed in some way --Robin Jones
- A medical record is worth twice as much as a credit card on the black market.
And my 2 favorite quotes of the day. "Complacency is the early stage of irrelevance!" and "Innovation is key. Its engine sits on two pillars: Culture and Team".
Big Data and Analytics doesn't have to be Scary!!! Learn more!
Here's a non frightening way to learn about Big Data and Analytics! Hear from IDC analysts in a webcast as they share insight from the whitepaper they authored, "The Big Opportunity for IBM Business Partners in Big Data and Analytics."
And, just as a teaser, here's a sneak preview about the IDC findings:
- Projected revenue of over $32 billion by 2017
- Focus on Line of Business Decision Makers for sales
- Big Data and Analytics as a profitable "fast turn" business - potential of sales cycles lasting fewer than 90 days
The IDC whitepaper (requires IBM ID and password) includes the story of three IBM Business Partners (YaData, Aginity, and eCapital Advisors) as they approach the Big Data and Analytics market with their solutions.
This is such an important opportunity, that we've dedicated a webcast for this whitepaper. I can't stress enough how important it is that you attend the webcast to learn more about the market opportunities with Big Data and Analytics.
Big Data helps to Alleviate Diabetes with companies like Diabetizer
My brother has Diabetes. He has had it since he was young so I grew up with this disease in my family.
But a cure for diabetes could be imminent after scientists discovered how to make huge quantities of insulin-producing cells, in a breakthrough hailed as significant as antibiotics.
Harvard University has, for the first time, managed to manufacture the millions of beta cells required for transplantation.
It could eventually mean the end of daily insulin injections for the 347 million people globally living with Type 1 diabetes and it will provide new forms of treatment for those suffering with Type 2 diabetes.
In the meantime, take a listen to this set of BlueMix apps -- one of which is Diabetizer using "data" to help people with this disease. ( http://www.diabetizer.com/?lang=en )