Why Extracting Value From Data Will Get Tougher

In a world where almost everything is being transformed into a digital data point—and the volume, velocity and variety (3Vs) of data expand at a seemingly exponential rate—it’s apparent that the ability to govern big data increasingly separates winners and losers. A newly released study conducted by Pentaho, a Hitachi Services Company, in association with Forrester Research, found that extracting value from data is about to get a whole lot tougher, thanks in part to the Internet of things. It also identified marked differences between so-called “pacers” and “chasers” in regard to data governance and keeping up with business needs. The study of U.S. and U.K. enterprises found that the market leaders focused on data governance, interoperability and flexibility. In addition, there’s a need to better differentiate data and governance methods. This may seem like Data Science 101 to CIOs and other enterprise leaders, but executing on the concept is difficult. – See more at: http://www.cioinsight.com/blogs/why-extracting-value-from-data-will-get-tougher.html

Businessman and businesswoman analyzing data information of market
Businessman and businesswoman analyzing data information of market

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