Big Data – Is It Producing Big Returns On Investment?

Big Data – Is It Producing Big Returns on Investment?

Big-data is more and more commonplace in the domain of information technology nowadays – many entrepreneurs and experts are extremely curious about this question whether data produces the desired return on the investments made for managing it. A survey conducted by the Avanade IT Research Company.

According to the findings of this research study, the majority of companies are satisfied with the ROI produced by the investments on big data in their organizations. This study reveals that more than 73% of the senior management of the companies who participated in this survey believe that their investment in big data tools and business intelligence has increased the revenue of the company – Meanwhile, as much as 27% of these C-level people are not satisfied with the investment in big data.

If we look at the issues related to managing the big data, we would find that there are many problems that cause opposing effects on proper care of big data; subsequently, many companies may not be able to get the returns on their investment as per their desired targets. This fact can be verified by the results obtained from this study – more than 85% of the participants believe that it is difficult to handle big data for better results due to many obstacles like overwhelming of data volumes, shortage of experienced and dedicated staff and security of big data.

Similarly, more than 58% of managers report that it is extremely difficult to find a suitable tool for big data management – although, many these managers are also satisfied with the progress in this area in recent years.

A majority of the companies, as many as 58% have reported that they have already implemented big data management into their business plans and future product lines.

From these research results, it is abundantly clear that the investment returns produced by the investment on big data management are big ones – many companies are in the process of implementing the same. Although, there are many obstacles that are retarding the achievement of better results – these obstacles can be removed with the use of effective tools, merger of the structured and unstructured data, empowerment of the staff and optimization of the data and many other such factors.

By Walter Bailey

About Walter

Walter has been a technology freelance writer for several years. His focus is on Cloud Computing and Big Data.

View All Articles

Sorry, comments are closed for this post.

What Do You Do With A Drunken Sailor? Look To The Cloud

What Do You Do With A Drunken Sailor? Look To The Cloud

Saferide App Petty officer Michael Daigle of the US Navy has rolled out an app to curb drunken driving in the Navy ranks. His Saferide ride-sharing service runs on Voxox’s Cloud Phone service which costs just $15 a month and is popular among US Service members abroad, where mobile phones are not permitted for use…

Red Hat Offers Container Native Persistent Storage for Linux Containers

Red Hat Offers Container Native Persistent Storage for Linux Containers

Red Hat Offers Container Storage Latest Red Hat Gluster Storage release enables greater agility and efficiency for OpenShift developers deploying application containers in production SAN FRANCISCO – RED HAT SUMMIT – June 28, 2016 – Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced new storage innovations designed to enable developers to…

Controversial Chinese Cybersecurity Law Under Review Again

Controversial Chinese Cybersecurity Law Under Review Again

Cybersecurity Law BEIJING. The National People’s Congress, the equivalence of the Chinese Parliament, moved forward in drafting a second version of a controversial cybersecurity law first introduced almost a year ago. This means the law is thought to be closer to passing and will bring greater censorship for both foreign and domestic citizens and businesses.…

How You Can Improve Customer Experience With Fast Data Analytics

How You Can Improve Customer Experience With Fast Data Analytics

Fast Data Analytics In today’s constantly connected world, customers expect more than ever before from the companies they do business with. With the emergence of big data, businesses have been able to better meet and exceed customer expectations thanks to analytics and data science. However, the role of data in your business’ success doesn’t end…

Data Protection and Session Fixation Attacks

Data Protection and Session Fixation Attacks

Keeping the man out of the middle: preventing session fixation attacks In a nutshell, session fixation is a type of man in the middle attack where an attacker is able to pretend to be a victim using a session variable. For instance, let’s say you have an application that uses sessions to validate the user.…

Three Factors for Choosing Your Long-term Cloud Strategy

Three Factors for Choosing Your Long-term Cloud Strategy

Choosing Your Long-term Cloud Strategy A few weeks ago I visited the global headquarters of a large multi-national company to discuss cloud strategy with the CIO. I arrived 30 minutes early and took a tour of the area where the marketing team showcased their award winning brands. I was impressed by the digital marketing strategy…

4 Different Types of Attacks – Understanding the “Insider Threat”

4 Different Types of Attacks – Understanding the “Insider Threat”

Understanding the “Insider Threat”  The revelations that last month’s Sony hack was likely caused by a disgruntled former employee have put a renewed spotlight on the insider threat. The insider threat first received attention after Edward Snowden began to release all sorts of confidential information regarding national security. While many called him a hero, what…

Cloud Infographic: IoT For Automotive Deconstructed

Cloud Infographic: IoT For Automotive Deconstructed

IoT For Automotive Deconstructed The IoT automotive industry is moving rapidly with many exciting growth opportunities available. We’ve written about some of the risks and benefits as well as some of the players involved. One thing for certain as that the auto industry is starting to take notice and we can expect the implementation of a…

Most Active Internet Of Things Investors In The Last 5 Years

Most Active Internet Of Things Investors In The Last 5 Years

Most Active Internet Of Things Investors A recent BI Intelligence report claimed that the Internet of Things (IoT) is on its way to becoming the largest device market in the world. Quite naturally, such exponential growth of the IoT market has prompted a number of high-profile corporate investors and smart money VCs to bet highly…

Cloud Computing Services Perfect For Your Startup

Cloud Computing Services Perfect For Your Startup

Cloud Computing Services Chances are if you’re working for a startup or smaller company, you don’t have a robust IT department. You’d be lucky to even have a couple IT specialists. It’s not that smaller companies are ignoring the value and importance of IT, but with limited resources, they can’t afford to focus on anything…

Are Women Discriminated Against In The Tech Sector?

Are Women Discriminated Against In The Tech Sector?

Women Discriminated Against In Tech Sector It is no secret that the tech industry is considered sexist since most women are paid less than men; there are considerably fewer women in tech jobs; and generally men get promoted above women. Yet the irony is twofold. Firstly, there is an enormous demand for employees with skills…

15 Cloud Data Performance Monitoring Companies

15 Cloud Data Performance Monitoring Companies

Cloud Data Performance Monitoring Companies (Updated: Originally Published Feb 9th, 2015) We have decided to put together a small list of some of our favorite cloud performance monitoring services. In this day and age it is extremely important to stay on top of critical issues as they arise. These services will accompany you in monitoring…