Closing the Gap between Data Availability and Insight
While data volumes are growing by leaps and bounds, firms are only analyzing 12% of the data that is being captured and stored, according to a recent Forrester survey. Several reasons for this shortfall were given by survey respondents:
� The inflexibility of their existing BI tools to handle the volume, velocity and disparate formats of Big Data
� Enterprise and externally sourced data changes faster than organizations can process into actionable insights
Providing effective business analytics tools and technologies to the enterprise is a top priority of CIOs and for good reason. Effective business analytics � from basic reporting to advanced data mining and predictive analytics � allows data analysts and business users alike to extract insights from corporate data that, when translated into action, deliver higher levels of efficiency and profitability to the enterprise.
ise practitioners believe the potential value of Big Data is significant, but many are struggling to derive maximum value from their investments in related technology. While a majority a Fortune 500 companies have Big Data deployments in production, and a significant percentage of mid-sized enterprises have proof-of-concept and pilot projects underway, We estimate that close to half have not realized the level of value anticipated at their onset.
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Big Data Training for FastTrack Session!
5 Days Classroom Training on - 29th March 2014 to 2nd April 2014