CIOs Look to Big Data to Drive Innovation and Growth
In IBM’s Global Chief Information Officer Study– “The Essential CIO” – based on a poll of 3,000 global CIOs, 83 percent of CIOs surveyed identified analytics, the ability to extract actionable insights from “Big Data,” as their top-priority investment area.
The IBM study looked at what constitutes the fundamental tasks of the CIO and what traits define the outperforming CIOs as they infuse technology into products, services and processes to transform their business, drive profitability and expand into new areas. CIOs are facing an increasingly complex business environment defined by sweeping changes and the need for gaining greater intelligence, insight and visibility. These CIOs increasingly view tackling “Big Data” as a key imperative to both gaining insight and to expanding relationships with customers and partners.
CIOs are looking to invest in technologies such as analytics and data mining that not only help them better utilize structured data, but also unstructured data in the form of videos, blogs and tweets that can be obtained through the social web.
Top trends from the CIO Study:
- CIOs are focused on gaining deeper insight and intelligence (77 percent), people skills (68 percent) and client intimacy (67 percent) over the next five years.
- 72 percent of CIOs are focused on integrating business and technology to drive innovation.
- CIOs are harnessing the following tools and methods to turn data into actionable information: data warehousing (64 percent), visual dashboards (64 percent), master data management (63 percent), client analytics (63 percent).
Big Data is often defined as multi-terabyte data sets, but also implies big complexity, many diverse data sources, types and indexing schemes, and big processing to achieve useful analytic results. Big Data can become cumbersome without specialized systems for capture, I/O and storage, search, sharing, analytics and visualizing. Companies often struggle with drawing intelligence from multiple sources of disparate information. Managers can spend the lion’s share of their time just gathering data and less time acting upon it. With an optimized approach to Big Data, managers can spend more of their time focusing on the data that can make a difference to the business, avoiding excessive costs and duplicating efficient practices throughout the business.
Each of us are affected by the explosion of Big Data – whether it’s through the massive amounts of information generated and aggregated through social networks, the personalization that businesses can achieve from in-depth knowledge of our preferences and buying behaviors or the impact that compelling visualizations can have on business decisions. And as Big Data technologies improve how data is structured, stored, organized and retrieved, and, how complex analytics can help discover entirely new things, Big Data will have a big impact on the way we live, work and progress.
To those of us at IBM System Networking
, amidst all the complexity associated with Big Data, one thing stands clear. The rise of Big Data drives faster and more efficient network connectivity. For example, IBM BNT RackSwitches are vital components of Netezza’s TwinFin Data Warehouse Appliance
. Spend enough time with Big Data, and you’ll need the fastest and most highly optimized networking possible. And you’ll want that speed and intelligence at the edge of the network, close to users, applications and innovation. At IBM System Networking, that’s what we’re all about.