What is keeping big data from being effectively utilized by business in their decision making?
mstrauss 2 years ago
Only 1/3 of companies are making their business decisions by informed use of Big Data, according to an EMC Data Science Study. EMC asked 500 business intelligence decisions and data scientists from across the world about the state of big data in the business environment, and these individuals cited a number of obstacles to big data being leveraged to its potential, the most often noted being lack of skills/training, insufficient budgeting, and incompatible organizational structure. The problem of incompatible organizational structure is one that I can agree with; it can be so challenging to even discuss topics with "superiors" when their idea of cutting edge technology is something like an Apple Newton or a Palm Pre. I am only exaggerating slightly. Are we generationally limited in our adoption of new technology until the previous generation of executives age out and are replaced in their positions and replacement by younger, more tech savvy execs? Or are we still at the leading edge of a big data revolution, and more time is needed for businesses to determine how to effectively leverage the flood of information?
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