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".
London Welcomes Business Tech Trends! What are the European differences?
I will be in London this week for the Entrepreneur County event entitled "Follow the Entrepreneur!"with Julie Myers as well as spending a few days at Shoreditch ... especially highlighting some Europe differences of our Business Tech Trend Study.
So in prep for Europe, I wanted to know the specific differences that we were seeing in Europe! Here's the highlights! As a reference, European companies make up 47% of those who contributed to the study (primarily from UK, Germany, France, Italy, Spain, Russia)
Differences:
• Social adoption is lower in Europe:
64% of European enterprises have deployed social (vs. 70% of non-Europe enterprises)
• Plans for increasing Big Data and Analytics investment are lower:
66% of European enterprises are planning to increase investment over next 2 years, vs. 75% non-Europe
• Europeans report having the needed cloud skills needed:
63% Europe vs. 56% non-Europe
• European companies are less likely to be engaging academia and clients as a partner:
73% use for activities, vs. 81% of non-European enterprises
79% use clients for activities, vs. 84% of non-European enterprises
• They are less likely to use analytical insights in their decision making:
30% Europe vs. 43% non-Europe (vs. 7 in 10 Pacesetters)
• And Finally, European enterprises are less likely to report gaining major competitive advantage from their initiatives in these areas:
- Mobile: 66% in Europe gain major comp. advantage (vs. 77% non-Europe)
- Social: 63% in Europe (vs. 77% non-Europe)
- BDA: 65% in Europe (vs. 82% non-Europe)
- Cloud: 67% in Europe (vs. 82% non-Europe)
While here I found this cool app as well -- for seeing the sights ..not that I will get to this trip but it is a fascinating app!
Googling Around London [Infographic] by the team at Cheapflights
Namaste India... Happy Independence Day!
I wish all my friends from the land of innovation HAPPY INDIAN INDEPENDENCE DAY!
[youtube https://www.youtube.com/watch?v=dq29gDxRv3g]
Talking of innovation, if you want to see how the latest technologies set pacesetters apart, make sure you check out the August 21 webcast where I'll be releasing the findings of our latest Business Tech Trends Study!