Below is a chart from an IBM CIO study based on face to face conversations with 3,018 CIOs, spanning 71 countries and 18 industries.
It is pretty clear that Business Intelligence and Analytics is becoming a top initiative out there. I am seeing the same thing in my discussions with businesses across the UK. 2012 budgets have a lot of initiatives that are BI, Analytics and Data related. Ironnically the top four are all areas that C24 specialise in.
BI and Analytics are in demand because the data volume growth is stunning… 1.8 ZB will be created and replicated in 2011. The drivers are very strong:
Up 9x in the last five years
More than 90% of this data is unstructured
Enterprises have some liability for 80% of this data
Enterprises will spend $4T on managing data in 2011
Businesses of today, all sizes and shapes need to look at Bi and Analytics not just to be competitive but to remain competitive. For further information please call C24.