Security is top hindrance for Big Data adoption in India
Enormous amounts of data are being generated daily by smartphones, sensors, video cameras, smart meters, and other connected devices, adding to the huge store of information from traditional sources. This “data avalanche” represents a potential gold mine of insights, but a new study commissioned by Cisco reveals that IT professionals and businesses are challenged to extract strategic value from their data.
The Cisco Connected World Technology Report (CCWTR) surveyed IT professionals across 18 countries to examine the IT readiness, challenges, technology gaps, and strategic value of implementing Big Data projects.
While most companies are collecting, storing and analyzing data, the report revealed that many are struggling with both the business and IT challenges of Big Data. For example, while 60 percent of survey respondents globally, agreed Big Data will help improve decision making and increase their competitiveness, only 28 percent report they are currently generating strategic value from their data.
Big Data, Big Potential: 82 percent of respondents in India agreed that Big Data will help countries improve decision-making and help them to be more globally competitive, globally 60 percent of the respondents believed so.
Big Data, Big Priority: Four in five IT managers in India (83 percent) agree that Big Data will be a strategic priority for their companies in 2013 and over the next five years as well compared to 68 percent globally.
Big Data Expected to Spur Investment in IT: 69 percent of IT managers surveyed in India predict Big Data will increase budgets over the next three years (Global: 57 percent).
Big Data expands the role of IT: More strategic, more partnership: Big Data presents an opportunity for IT to add value and create stronger relationships across lines of business that help the bottom line and increase revenue.
Data security (41percent), lack of time to study Big Data (19 percent) and lack of solutions that fit need and expertise (11 percent) were the top three concerns cited by Indian respondents that are hindering Big Data adoption.
Network traffic is doubling and tripling, driven by mobile devices, business applications, video, and Big Data - Almost half of IT managers surveyed in India (46 percent) estimated networks loads to double over the next 2 years; while one in four (26 percent) felt that this would triple in the next two years. However, only two out five surveyed (41 percent) report they are ready for the surge in network traffic.
Obstacles to gaining insights and realizing value
IT managers report several obstacles to adopting Big Data solutions: Security tops the list, followed by budget and staffing. More than one in four respondents globally (27 percent) said data security and risk management is a major concern. They cited the sheer volume of data, the number of ways to access data, and lack of budget for security as the top reasons why securing data in Big Data projects is such a challenge. Security concerns were most prevalent in China (45 percent), India (41 percent), the U.S. (36 percent) and Brazil (33 percent). Together, lack of budget (16 percent) and lack of time to study Big Data (14 percent) are cited by a third of respondents as their main obstacles.
Almost one in four (23 percent) said the lack of enough IT staff (13 percent) or Big Data staff expertise (10 percent) as main issues, especially in Japan (31 percent) and Brazil (30 percent).
Big Data Expected to Spur Investment in IT
More than half of the IT respondents believe Big Data will affect increase of their organizations’ IT budgets now and in the future based on technology, personnel and expertise requirements. Over half the respondents expect Big Data strategies to increase their IT budgets in 2013. Nearly three out of five (57 percent) say Big Data will increase their budgets over the next three years. Over four out of five surveyed (81 percent) said all or some Big Data projects will require cloud computing capabilities. This was especially true in China (78 percent) and India (76 percent). As a result, cloud adoption may affect the rate of adoption – and benefits – of Big Data efforts.
Big Data expands the role of IT: More strategic, more partnership
Big Data presents an opportunity for IT to add value and create stronger relationships across lines of business that help the bottom line and increase revenue. Big Data projects can help provide opportunities for the IT department to become more of a strategic partner within their organizations. Not surprisingly, three out of four respondents (73 percent) said that the information technology department will drive their Big Data strategy. However, survey respondents said other lines of business will join IT in Big Data leadership, including: Finance (24 percent), Research and Development (20 percent), Operations (20 percent), Engineering (19 percent), Marketing (15 percent), and Sales (14 percent).
In Argentina, a high percentage (58 percent) said finance will help drive Big Data. In China, a large number (61 percent) said Research and Development as well as Engineering (47 percent) will help lead Big Data.
Big Data and IT staffing
Many companies are discovering that Big Data projects need to span multiple lines of business requiring new levels of intercompany collaboration. And while technology is important to Big Data solutions, people are needed with the special skill set and creativity to imagine and realize data’s full potential. There is a growing need for more IT professionals to be trained in this specialized area: for example, the “data scientists” who transform raw data into information leading to discovery and insight, communicate what they’ve learned in creative and visual ways, and suggest business impact.
Almost one in four IT managers (22 percent) say Big Data projects will significantly affect IT staffing, and over half (56 percent) say it will have at least some impact. When asked if they were personally ready to take advantage of Big Data opportunities, 35 percent felt unreservedly ready, 36 percent expressed their readiness but felt the technologies and solutions were lacking, and one out of four (24 percent) did not feel ready at all.
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