Big Data Isn't As Scary As You Think

BIG DATA ISN'T AS SCARY AS YOU THINK WHY DO CIO'S NEED BIG DATA? The most important benefits of a big data solution: 59% 83% said the most important benefit is volume - the ability to collect more data 21%- said the most important benefit is variety - the ability to collect different types of data of CIOs plan to use big data solutions in the next 12 months 20% said the most important benefit of big data is velocity - the ability to analyze data faster CIOs currently consider these types of big data solutions 32% 16% 15% 15% ...consider high performance database ...consider traditional data warehouse solutions ...consider Hadoop based solution ...consider cloud based solutions solutions WHAT ARE THE CURRENT DRAWBACKS TO USING BIG DATA? Surveyed CIOs listed the following downsides to utilizing big data: 26% 22% 20% of CIOs said the complexity of CIOs said the need for a specialist of CIos said the high cost R.I.P. 28% of the data is unstructured data (log or text files) therefore difficult to analyze 36% of CIOs consider a mere "1TB - 9TB" of data to be classified as "big data" WHAT DO CIOS NEED? Fast analytical return results in order to satisfy big data analytics: Tools to exploit big data in their organization 29% 23% 22% of CIOs need data mining tools of CIOs need dashboards of CIOs need analytical query results to return results under a minute of CIos need big data analytics to be refreshed "near real time (under 1 minute)" 23% 22% of CIOs need ad-hoc of CIOs need predictive analytics reporting 77% 56% of CIOs need collaborative tools of CIOs want their big data solution to interact with mobile devices to give business partners access to their big data solution BROUGHT TO YOU BY actian. In July 2012, Actian surveyed 100 customer CIOs in the North America, EMEA and ANZ regions regarding big data best practices.