There are some very interesting findings, such as the following:
- 94% of C-level executives say their organization is collecting and managing more business information today than two years ago, by an average of 86% more
- 29% of executives give their organization a “D” or “F” in preparedness to manage the data deluge
- 93% of executives believe their organization is losing revenue – on average, 14% annually – as a result of not being able to fully leverage the information they collect
- Nearly all surveyed (97%) say their organization must make a change to improve information optimization over the next two years
- Industry-specific applications are an important part of the mix; 77% of organizations surveyed use them today to run their enterprise—and they are looking for more tailored options
Not surprisingly, the public sector, healthcare, and utilities industries appear to be least prepared to handle the data deluge with with 41% of public sector executives, 40% of healthcare executives, and 39% of utilities executives giving themselves a "D" or "F" preparedness rating. I am surprised at seeing utilities dumped in this group. Smart metering and smart grids have been the poster child for big data projects over the last 2-3 years so it is a little surprising to read that utility companies are not ready yet to receive and process all this new data - which they claim they desperately need.
It is no surprise to read that the communications, manufacturing, and retail industries lose the lowest estimated percentage of annual revenue from their current data management processes – 10%.
You can download the full report from here: http://www.oracle.com/us/industries/industry-scorecard-1683398.html
So if you have not started thinking about how big data is going to transform your business now would be a good time to start thinking about all that data that is going to be arriving very shortly and may be you would like to call your Oracle account team and ask them for a briefing on our big data platform.