The fourth annual Big Data Executive Survey was conducted by NewVantage Partners.
It revealed that that reducing time-to-insight rather than saving money is the primary driver for their Big Data business investment.
The survey was conducted in November and December 2015. It was published on January 11, 2016,
The survey confirms that Fortune 1000 firms believe that Big Data will deliver competitive advantage by enabling their firms to act faster when it comes to analyzing data, gaining insights, making critical decisions, and bringing new capabilities to market.
The fourth survey reveals that, it has taken only four short years for Big Data to assert itself as an essential component of the corporate practice. Among the Fortune 1000 firms surveyed by NewVantage, 62.5% reported having Big Data initiatives in the enterprise — nearly double the 31.4% of firms at this stage in 2013. While only 5.4% of firms reported Big Data investments in excess of $50 million in 2014, the number of firms that project investments in Big Data of greater than $50 million leaps to 26.8% by 2017. For the first time, a majority of firms (54%) reports having appointed a Chief Data Officer, up from just 12% in 2012.
TCS 2015 Survey
THE INTERNET OFTHINGS A Manufacturing Industry Perspective
The manufacturing industry leads the way as an early adopter of the Internet of Things (IoT). The respondents in the survey have an annual revenue of $10 bn or more. Of the 140 manufacturing companies TCS surveyed, $108 mn average spend per company in 2015 $120 mn average projected spend per company in 2018. 0.45% revenue is spent on the IoT initiatives in 2015.
26 companies are planning #1 billion investment/expenditure in IoT systems in 2016. GE is one of them.