The Potential and Challenge of Data
Potential and Challenges of Data
Jun 24, 2015
The 2012 Cisco Connected World Technology Report is based on a study commissioned by Cisco and conducted by InsightExpress, a market research firm based in the United States.
Enormous amounts of data are generated daily by smartphones, sensors, video cameras, monitors, and other connected devices, adding to the huge store of information already gathered. As more people, processes, data, and things interact on the "Internet of Everything," the volume and potential value of data generated by those connections grows exponentially.
While most companies are collecting, storing, and analyzing data, they continue to struggle with both the business and IT challenges of Big Data. Sixty percent of survey respondents agreed that Big Data will help countries improve decision making and increase their competitiveness.
But are companies ready? As they face the challenges of Big Data, many are discovering that it spans multiple lines of business, requiring collaboration, new roles, and perhaps new leadership.
Enormous amounts of data are generated daily by smartphones, sensors, video cameras, monitors, and other connected devices, adding to the huge store of information already gathered. As more people, processes, data, and things interact on the "Internet of Everything," the volume and potential value of data generated by those connections grows exponentially.
While most companies are collecting, storing, and analyzing data, they continue to struggle with both the business and IT challenges of Big Data. Sixty percent of survey respondents agreed that Big Data will help countries improve decision making and increase their competitiveness.
But are companies ready? As they face the challenges of Big Data, many are discovering that it spans multiple lines of business, requiring collaboration, new roles, and perhaps new leadership.
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The Potential and Challenge of Data
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 2
Methodology & Overview
The data in this presentation is based on a survey of 1800 Information Technology professionals. The online survey was translated into local languages and conducted in August 2012 across 18 countries to gain at least 100 completes for each subgroup in each country
18 Countries: United States, Canada, Mexico, Brazil, Argentina, United Kingdom, France, Germany, Netherlands, Russia, Poland, Turkey, South Africa, Korea, India, China, Japan, Australia
THE THIRD ANNUAL CISCO CONNECTED WORLD TECHNOLOGY REPORT
INFORMATION TECHNOLOGY PROFESSIONALS
1800 Based on a survey of
© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 3
Improve decision-making, increase discoveries
IT managers believe Big Data will increase global competitiveness
3 in 5 (60%)
say Big Data will be a strategic priority for my company in 2013 and for the next 5 years
2 in 3 (68%)
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How will Big Data affect your IT budget?
Budget increase in 2013
3 in 5 (60%)
Budget increase over next 3 years
Nearly 3 in 5 (57%)
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Big Data creates new job roles: special skill sets are needed
1 in 4 (22%)
predict significant impact
Half (56%)
predict some impact over
The data scientist combines creative imagination with IT skills to unlock the power of data
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IT becomes more of a strategic business partner
say IT will drive Big Data Globally, 3 out of 4 (73%)
… in partnership with other groups
Finance Sales &
Marketing Research &
Development Operations Engineering
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27%
16% 14%
14%
13%
10%
Security is the biggest concern globally
Data security and risk management
Lack of budget Lack of time to study Big Data
Lack of IT staff
Lack of expertise
Lack of solutions that fit our needs
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IT staffing and budget can’t keep up with the data load
Obstacles to Securing Data
Lack of trained IT staff or expertise to monitor data security
Too much data Too many ways to access data
Lack of budget to implement security solutions
32% 21% 20% 20%
010100101010101001010101010101010101010100110101101010011001010101
010100101010101001010101010101010100110101101010011001010101010011
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Driven by trends such as mobile communications, video, Big Data
48% say network loads will double
23% say network loads will triple
53% say video will make up 20-60% of their network traffic
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Projected data growth requires investment
Only 2 in 5 (41%)
say their network is ready
1 in 4 (27%) need better policies, improved security
1 in 5 (21%)
need more bandwidth
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Secure access to public clouds can help corporate clouds with peak loads
Cloud computing will be necessary for all or some of our Big Data projects
4 out of 5 say (81%)
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01010010101010100101
Lots of potential, but strategic value is elusive
4 in 5 (86%) analyze data today
1 in 4 (28%)
get strategic value from it
But only
Over
1 in 3 (38%)
say they need a strategic plan
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Dramatic Internet growth will come through new connections
Source: Cisco IBSG, 2013
“Fixed” computing (you go to the device)
Mobility/BYOD (the device
goes with you)
Internet of Things (age of devices)
Internet of Everything (people, process,
data, things)
200M
10B
50B
1995 2000 2011 2020
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40% are already using data in motion: real-time data
Global survey respondents cited these data sources for their companies:
74% current data
55% historical data
real-time data that is used and then discarded
unstructured data, such as video
data from monitors and sensors 48%
40%
32%
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New data sources for Big Data: Are we ready?
Say: our Big Data strategy will include data from digital sensors, meters, cars, video monitors, “smart devices”
have a plan today to use these new data sources
3 out of 4 (73%)
1/3 (33%)
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Data interacts in real time to provide value
Another type of new data is delivered by devices, sensors, video and monitors. This data provides the most value while it’s interacting in real-time: we call this “data in motion.”
* Source: Cisco Visual Networking Index Global Mobile Data Traffic Forecast for 2012 to 2017
For example: machine-to-machine communication used in factory automation Cisco estimates there will be more than 1.7 billion machine-to-machine connections by 2017*
Industries leading the way: Retail Smart Grid Healthcare Manufacturing Service Providers
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Real-time data supports real time events and decisions
Tele-Medicine Tele-Health Tele-Care Tele-Counseling
Thank you.
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