Harvard Business Review, with the sponsorship of Verizon, just published a new report on IoT. This time the focus is on big data strategy.
The report shows that most companies are taking a largely ad hoc approach to big data today, according to a September 2016 survey of 306 business leaders conducted by Harvard Business Review Analytic Services. Nearly half of respondents said they pursue big data initiatives on a per-project basis, with just 18 percent saying they have an enterprise big data strategy and approach. Some findings:
- 44% aim to use IoT to transform their business model.
- 78% are acting on only a limited amount of IoT data—or aren’t using any at all.
- 42% say lack of skills/capabilities is preventing them from acting on more big data.
- 51% are struggling with big data variety and complexity.
- 78% say that new networking technologies are important to their big data strategies.
Many of the other findings in the report are pretty dour, but also notes that business leaders have high hopes for IoT technology and that their expectations for the business benefits of IoT implementation are significant. Still worth a read.
Get the full report here.