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Transforming I.T. Study for a closer look at the UK survey results and those of other countries as they become available. The series will conclude with an announcement of the global results in December.
Key Findings:
In the UK, Big Data is giving rise to markedly improved decision making and is already having an impact on companies’ competitive differentiation and ability to avert risk.
• 75% of respondents in the UK reported that decisions in their organization could be improved with a better use of data, and 37% agree that their senior teams trust Big Data insights to make truly transformative business decisions.
• 21% have achieved a competitive advantage as a result of Big Data analytics technology and 44% believe that industries that succeed will be the same ones using such tools.
• 37% of respondents agree that Big Data technology will prove vital in identifying and protecting against cyber-attacks – which could be crucial as only 56% of respondents in the UK are confident that they could fully recover all their data should they need to.
However, in the UK:
• 32% of companies surveyed have no current plans for implementing Big Data technology.
• While insight gathered from external third-parties, such as peers, partners and industry bodies (62%) was the most important factor for overall business decision making, the most common reason cited as the inhibitor to Big Data adoption was no clear business case or proven ROI (48%).
As companies in the UK continue to look to IT innovation to compete locally and on the global stage:
• The business priorities driving IT transformation in the UK are most commonly business process/operational efficiencies (51%) and enhancing customer experience/engagement/communications (39%).
• 70% report their business sees technology investment as a strategic way of achieving
its goals.
• 73% believe it will be a challenge to have skills keep pace with IT innovation over the next three years.
• 50% of respondents in the UK believe their organization has the right level of skills and knowledge to complete business priorities successfully.
• 57% of respondents in the UK agree that the biggest barrier to coping with business priorities is cultural.
