By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    construction analytics
    5 Benefits of Analytics to Manage Commercial Construction
    5 Min Read
    benefits of data analytics for financial industry
    Fascinating Changes Data Analytics Brings to Finance
    7 Min Read
    analyzing big data for its quality and value
    Use this Strategic Approach to Maximize Your Data’s Value
    6 Min Read
    data-driven seo for product pages
    6 Tips for Using Data Analytics for Product Page SEO
    11 Min Read
    big data analytics in business
    5 Ways to Utilize Data Analytics to Grow Your Business
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: Large Portion of Fortune 500 Companies Are Unprepared for Big Data Growth
Share
Notification Show More
Latest News
cloud-centric companies using network relocation
Cloud-Centric Companies Discover Benefits & Pitfalls of Network Relocation
Cloud Computing
construction analytics
5 Benefits of Analytics to Manage Commercial Construction
Analytics
database compliance guide
Four Strategies For Effective Database Compliance
Data Management
Digital Security From Weaponized AI
Fortifying Enterprise Digital Security Against Hackers Weaponizing AI
Security
DevOps on cloud
Optimizing Cost with DevOps on the Cloud
Development
Aa
SmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Large Portion of Fortune 500 Companies Are Unprepared for Big Data Growth
Big Data

Large Portion of Fortune 500 Companies Are Unprepared for Big Data Growth

Roman Vladimirov
Last updated: 2014/03/09 at 9:00 AM
Roman Vladimirov
3 Min Read
Image
SHARE
- Advertisement -

ImageAs technology grows and adapts, its in-depth integration into nearly every industry continues to change the needs of companies in terms of big data management and analysis.

ImageAs technology grows and adapts, its in-depth integration into nearly every industry continues to change the needs of companies in terms of big data management and analysis. However, many enterprises may not be putting the necessary efforts into this aspect of their operations, which could lead to major issues in a few years.

- Advertisement -

Fortune 500 companies likely to be hit hard
Gartner, an IT research and advisory company, recently released a report that analyzed the current and future needs surrounding enterprise information management. Based on the findings, the researchers predicted that roughly one-third of Fortune 500 organizations will encounter major issues with their business intelligence by 2017. Andrew White, Gartner’s research vice president, explained in a release that many companies may be disorganized or unwilling to focus their efforts on big data management, particularly because they may not “effectively value, govern and trust their enterprise data.”

Making efforts now can improve business over time
White pointed out that companies will need to manage and use their data effectively to reap the most benefits. Enterprise information management and other data analysis tools will be necessary to not only help businesses sort through the information, but also determine the best possible uses for that information to give a company insights that will boost growth and productivity.

More Read

data visualization for small business

Data Visualization Boosts Business Scalability with Sales Mapping

Data-Driven Marketing Offers Huge Benefits for Landscapers
What Role Does Big Data Have on the Deep Web?
Fascinating Changes Data Analytics Brings to Finance
Why Data-Driven SEO is Crucial for SMEs in This Recession

“With effective information governance, business users will understand the impact of poor quality data on the outcome of desired business processes,” White said in the release. “This understanding leads to a desire, on behalf of the end user, to assure or ‘steward’ the data so that it supports their day-to-day business activities.”

Data analysis software will prove useful
Having the right tools to analyze big data is of utmost importance, and these days there are many different options to choose from. TechTarget suggested investing in more than one BI solution to handle the various sectors of data being collected. Companies that have already invested in SQL business intelligence software need not worry, as the source pointed out that SQL interfaces can still play a functional role in data management going forward. By choosing multiple analysis software options, companies can fine-tune their business analytics for each sector to get the best possible results.

“What we’re saying is, ‘Give the things that belong to a certain task a certain database,'” Pramod Sadalage, a consultant for a Chicago-based software development company, told Tech Target. “If you have, for example, a [product] catalog, put it in a database that is well-suited for that – then searches go faster.”

- Advertisement -
Roman Vladimirov March 9, 2014
Share this Article
Facebook Twitter Pinterest LinkedIn
Share
- Advertisement -

Follow us on Facebook

Latest News

cloud-centric companies using network relocation
Cloud-Centric Companies Discover Benefits & Pitfalls of Network Relocation
Cloud Computing
construction analytics
5 Benefits of Analytics to Manage Commercial Construction
Analytics
database compliance guide
Four Strategies For Effective Database Compliance
Data Management
Digital Security From Weaponized AI
Fortifying Enterprise Digital Security Against Hackers Weaponizing AI
Security

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

data visualization for small business
Data Visualization

Data Visualization Boosts Business Scalability with Sales Mapping

7 Min Read
landscape marketing secrets
Big Data

Data-Driven Marketing Offers Huge Benefits for Landscapers

8 Min Read
big data technology has helped improve the state of both the deep web and dark web
Big Data

What Role Does Big Data Have on the Deep Web?

8 Min Read
benefits of data analytics for financial industry
Big Data

Fascinating Changes Data Analytics Brings to Finance

7 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?