Subscribe to our Newsletter | To Post On IoT Central, Click here


Report: The Enterprise Lacks a Big Data Strategy for IoT Transformation

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

E-mail me when people leave their comments –

David Oro is the Editor at IoT Central

You need to be a member of IoT Central to add comments!

Join IoT Central

Upcoming IoT Events

More IoT News

Arcadia makes supporting clean energy easier

Nowadays, it’s easier than ever to power your home with clean energy, and yet, many Americans don’t know how to make the switch. Luckily, you don’t have to install expensive solar panels or switch utility companies…

Continue

Answering your Huawei ban questions

A lot has happened since we uploaded our most recent video about the Huawei ban last month. Another reprieve has been issued, licenses have been granted and the FCC has officially barred Huawei equipment from U.S. networks. Our viewers had some… Continue

IoT Career Opportunities