Oracle sponsored a survey which asked 333 C-level executives in North America to respond on how they are faring in the data deluge. TDWI reported on the information in the publication Oracle released in their article "Enterprises Failing at Big Data Management."
It's not a good sign when 93 percent of enterprises believe their company loses an average of $71.2M in profits a year because they cannot fully leverage the data they collect and attempt to analyze.
One third of companies surveyed rated preparedness for the data deluge as a "D" or "F". It is no surprise that they see change as necessary.
The article continues sharing the numbers:
Another 31 percent rated preparedness with a grade of "C". Not having the right systems in place to gather the information they need is the biggest gripe of 38 percent of executives. Following close behind, 36 percent said their organizations weren't able to provide their business managers access to the information, and 29 percent said they were using systems that weren't designed to meet their industry's unique needs.
These enterprises that responded in this survey simply do not have the right tools in place. Innovative infrastructure components will save the day in terms of creating an agile system and connectiving silos in the enterprise created by the massive amounts of data.
Megan Feil, August 10, 2012