Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

MBN Big Data Survey Findings

by admin
April 30, 2014
in Uncategorized
Home Uncategorized
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

A big data survey conducted by MBN in 2013 has revealed some of the shifting attitudes toward big data in the industry.  Conducted with upwards of 135 companies, the trend appears to be towards integration of big data projects and initiatives.  “Surprisingly, some 93 percent of businesses with dedicated business analysts do not consider data analysts as part of their IT headcount. When explored as a whole, these findings point to an ever-increasing emphasis by businesses to embed data management and analysis throughout the business – getting data into the hands of many more users.”

Even though a vast majority of respondents already were using business insight tools of some form in their businesses, over half of these indicated that they would be further increasing their investment in this area.  The added expenditure seem to be less technological, but rather on the hiring side.  This augmented financial backing to the tech sector is also obviously correlated with an added expectation for return on the investment, which companies expect to see in the near future.   As the survey indicated:  “The vast majority of companies (92 percent) with dedicated data scientists and analysts have turned data into revenue. Among companies without dedicated analysts, less than 30 percent have successfully converted data into revenue.”

Aside from generating a revenue stream, the attitudes and implementation suggest there are other added benefits to adopting some form of big data strategy in a company.  According to the survey, “93 percent of respondents reported that using data has helped them make informed business decisions.”

This implementation of big data to analyze trends and draw more information-based conclusions about the best course of action for a business is only going to increase in future.  As the current obstacles and flaws with regards to storing and most effectively analyzing the massive quantities of data on hand are removed, big data will become the crux of all business insights and decision making processes.

(Image Credit:  Marja van Bochove)


Join the Partisia Blockchain Hackathon, design the future, gain new skills, and win!


Tags: Big Databig data analyticsbig data applicationsMBNsurvey

Related Posts

Data sourcing is still a major stumbling block for AI

Data sourcing is still a major stumbling block for AI

August 18, 2022
AI and data analytics COVID-19

How AI and Data Analytics Will Impact The Era of COVID-19

February 17, 2022
Medical field changing thanks to AI

The Medical Field is Changing Because of Artificial Intelligence

August 19, 2021
Zeni series B funding

AI-Powered Fintech Startup Zeni Raises $34m in Series B Round

August 6, 2021
Coming up LIVE: Can we have both Privacy and Security?

Coming up LIVE: Can we have both Privacy and Security?

June 4, 2020
How GDPR is Affecting Marketing Data

How GDPR is Affecting Marketing Data

July 5, 2018

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLES

AI Text Classifier: OpenAI’s ChatGPT detector indicates AI-generated text

A journey worth taking: Shifting from BPM to DPA

BuzzFeed ChatGPT integration: Buzzfeed stock surges after the OpenAI deal

Adversarial machine learning 101: A new cybersecurity frontier

Fostering a culture of innovation through digital maturity

Nvidia Eye Contact AI can be the savior of your online meetings

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy
  • Partnership
  • Writers wanted

Follow Us

  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.