Enterprises today realize big data is relevant to the way they do business. Measured in terms of volume, velocity and variety, big data can represent a major disruption in business intelligence and data management, upending fundamental notions about information governance.
Impacting enterprises in every market and industry, the plight of managing escalating data volume is understandable. Businesses are simply generating, processing, analyzing, interpreting and storing data on a massive scale.
The 2015 Big Data and Analytics survey by IDG Enterprises highlights data-driven initiatives and strategies driving data investments within IT organizations. In order to gain a deeper understanding of organizations’ big data goals and tactics, the research shows data deployment trends, future investment growth and opportunities for vendors.
Targeting, organizations are currently implementing, planning or considering big data projects, the survey was conducted online among the audience of six IDG Enterprise brands – CIO, Computerworld, CSO, InfoWorld, ITworld and Network World, as well as select IDG brands in the UK and Australia, via LinkedIn groups and email invitations. Results were based on 1,139 respondents.
Big Data Findings
- Over the past year, the number of organizations with deployed/implemented data-driven projects has increased by 125%.
- Enterprise organizations invest significantly more in data-driven initiatives than SMBs; $13.8 million compared to $1.6 million.
- Organizations place greater priority on structured data initiatives compared to unstructured data, as 32% of organizations state that managing unstructured data is not on their to-do list.
- Majority of organizations will invest in data analytics as they expect to gain the most business value from its solutions.
- Confidence in security solutions and products for company data rises, increasing from 49% in 2014 to 66% this year.
- Business analysts and data architects are hot. Organizations are looking for employees with these skill sets, followed by data analysts and data visualizers.
- Data and analytics vendors must be able to integrate into existing infrastructure, provide ease of use and be able to meet security requirements.
- The reality is, more and more corporate IT departments around the world are straining under the weight of unnecessary software applications and an ever-expanding digital waistline. The weight of application landscapes for today’s enterprises is reaching critical mass, leading to the emergence of disruptive technologies.
Implementing an active archive technology can alleviate data bloat and free up performance resources to streamline applications. An active archive strategy supports an organization’s compliance objectives and regulatory mandates for retention.
Why? Archiving provides a way to address the challenges of IT application portfolio optimization, data governance and the reduction of IT spend. More businesses are including a comprehensive archiving strategy and associated technologies into their information management vision.
For today’s data bloated enterprises, enterprise archiving facilitates:
- A single point of entry for all users who need access to critical data.
- Stringent requirements for enterprise scalability.
- Queued and ingested data in accordance with business rules.
- Storage of potentially hundreds of billions of records, managed and accessible.
- Decommissioning of legacy applications for a reduction in costs.
The sheer volume of data enterprises must manage today carries severe downstream implications on the cost of legal, regulatory and internal investigations. Data has to be located and collected, preserved and maintained. Gartner estimates that every single gigabyte of data that can be justifiably removed from the collection saves the company an average of more than $18,000. With typical data storage running into the terabytes and petabytes these days, that savings could amount to millions of dollars for the average company.
The need for change is escalating. In the war against data bloat, today’s enterprises are recognizing the importance of archiving by including an archive strategy in their overall information management vision and strategy. By adding archive technology, organizations preserve the value of enterprise information, satisfy retention policies and ensure regulatory compliance.