On :August 9, 2018
We can see there are three big areas of opportunity:
♦ Personalized services for customers
♦ Empowering and inspiring employees
♦ Using finite resources in real time
♦ Instantly identifying the sales fraud
♦ Doctors to expedite machines for organ transplants
The influx of data putting in the big data 55% of response that will slow down IT systems and 47% will be scared of security reasons. Across the globe, many industries like, Government, hospitals, media, Information Technology, Garments, oil, Civil etc… 61% of the data entering will lead to getting them better business opportunities. Real-time analytics will take the center stage, particularly for both consumers and business. All the business will retool from breaking down the barrels of traditional businesses. This will need to deliver bona fide business value for the entire stakeholders.
Many industries across the globe with large scale and small scale will always have a report on the exponential growth in data and the ability to get accessed to all the critical information which will always create the bona fide business challenges.
Almost 56% of the IT executives reported that they were overwhelmed by the data that their company manages. Many employees have reported that they will often delay in making the important decisions this is because of too much information. About 62% of the C- level employees whose time is most valuable in organizations has been reported that they are being frequently interrupted by irrelevant from incoming data. According to Avanade’s research that one in three executives were regularly unable to find the right people which can provide the information that they need when they need it. According to the industry report, in the last session, about one-third of executives have lost their business because that they couldn’t get accessed into the right information. It was always clear that the information which was overloaded is real and causing many problems for the business leaders. Due to excess of data which was put in mainly in getting a strain of its infrastructure. About 55% of IT executives have reported that there is a slowdown in Information Technology system and 47% have been cited security problem for their data.
Despite all these challenges, all the executives should recognize that there is a value in the flood of data which will be improved from the business forecasts to reduce the uncertainty in making a decision and improve competitive positioning. Across the globe, all industries like education, healthcare, government, media, gasoline, Information Technology etc… data is becoming more central to all their business operations. Almost 61% have believed that the flood of data entering the business will fundamentally affect in getting changes to their enterprise operations.