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.