13 April, 2017
No Digital Transformation Without Big Data
Big Data is likely to be a key element in the digital transformation taking hold in the enterprise, but there are still questions as to how it will influence future business processes and what steps to take now to ensure it provides optimal support in a fast-changing economy.
According to a recent report by Verizon and the Harvard Business Review, most organizations are looking forward to dramatic improvements in services and business models through Big Data, but few are implementing technology and infrastructure as part of a strategic approach to transformation. The study found that 52 percent expect Big Data to lead to new services for the Internet of Things (IoT), while 44 percent say it will transform their business models. However, upwards of 78 percent are currently leveraging only limited amounts of IoT data or none at all, while an equal percentage say they need new networking technologies to fully implement Big Data operations. In fact, most Big Data initiatives today are being carried out on an ad hoc basis, not as part of a strategic imperative.