Potential and Challenges of Data

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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.

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Potential and Challenges of Data

  1. 1. The Potential andChallenge of Data
  2. 2. Methodology & Overview THE THIRD ANNUAL CISCO CONNECTED WORLD TECHNOLOGY REPORT Based on a survey of 1800 INFORMATION TECHNOLOGY PROFESSIONALS The data in this presentation is based on a survey of 1800 Information Technology professionals. The online survey was translated into local languages and conducted in August 2012 across 18 countries to gain at least 100 completes for each subgroup in each country 18 Countries: United States, Canada, Mexico, Brazil, Argentina, United Kingdom, France, Germany, Netherlands, Russia, Poland, Turkey, South Africa, Korea, India, China, Japan, Australia© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 2
  3. 3. Improve decision-making, increase discoveries 3 in 5 (60%) 2 in 3 (68%) IT managers believe say Big Data will be a Big Data will increase strategic priority for my global competitiveness company in 2013 and for the next 5 years© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 3
  4. 4. How will Big Data affect your IT budget? Budget increase in 2013 3 in 5 (60%) Budget increase over next 3 years Nearly 3 in 5 (57%)© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 4
  5. 5. Big Data creates new job roles: special skill sets are needed 1 in 4 (22%) predict significant impact over Half (56%) predict some impact The data scientist combines creative imagination with IT skills to unlock the power of data© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 5
  6. 6. IT becomes more of a strategic business partner Globally, 3 out of 4 (73%) say IT will drive Big Data … in partnership with other groups Research & Sales & Development Finance Operations Engineering Marketing© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 6
  7. 7. Security is the biggest concern globally 10% Lack of expertise 27% Data security and risk management 13% Lack of IT staff Lack of solutions that fit our needs Lack of budget Lack of time 14% 16% to study Big Data 14%© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 7
  8. 8. IT staffing and budget can’t keep up with the data load Obstacles to Securing Data 01010010101 01010010101 01010010101 01010010101 01010101010 01010101010 10101010011 10011010110 01011010100 10100110010 11001010101 10101010011 32% 21% 20% 20% Lack of trained Too much data Too many ways Lack of budget IT staff or expertise to access data to implement to monitor data security solutions security© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 8
  9. 9. Driven by trends such as mobile communications, video, Big Data say network loads will double 48% 23% say network loads will triple© 2013 Cisco and/or its affiliates. All rights reserved. 53% say video will make up 20-60% of their network traffic Cisco Confidential 9
  10. 10. Projected data growth requires investment Only 2 in 5 (41%) say their network is ready 1 in 4 (27%) need better policies, improved security 1 in 5 (21%) need more bandwidth© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 10
  11. 11. Secure access to public clouds can help corporate clouds with peak loads 4 out of 5 say (81%) Cloud computing will be necessary for all or some of our Big Data projects© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 11
  12. 12. Lots of potential, but strategic value is elusive 4 in 5 (86%) analyze data 01010010101010100101 today But only 1 in 4 (28%) get strategic value from it Over 1 in 3 (38%) say they need a strategic plan© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 12
  13. 13. Dramatic Internet growth will come through new connections “Fixed” computing Mobility/BYOD Internet of Things Internet of Everything (you go to (the device (age of devices) (people, process, the device) goes with you) data, things) 50B 10B 200M 1995 2000 2011 2020© 2013 Cisco and/or its affiliates. All rights reserved. Source: Cisco IBSG, 2013 Cisco Confidential 13
  14. 14. 40% are already using data in motion: real-time data Global survey respondents cited these data sources for their companies: 74% current data 55% historical data data from monitors 48% and sensors real-time data that is 40% used and then discarded 32% unstructured data, such as video© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 14
  15. 15. New data sources for Big Data: Are we ready? 3 out of 4 (73%) Say: our Big Data strategy will include data from digital sensors, meters, cars, video monitors, “smart devices” 1/3 (33%) have a plan today to use these new data sources© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 15
  16. 16. Data interacts in real time to provide value Another type of new data is delivered by devices, sensors, video and monitors. This data provides the most value while it’s interacting in real-time: we call this “data in motion.” For example: machine-to-machine communication used in factory automation Cisco estimates there will be more than 1.7 billion machine-to-machine connections by 2017* Industries leading the way: Manufacturing Retail Smart Grid Healthcare Service Providers© 2013 Cisco and/or its affiliates. All rights reserved. * Source: Cisco Visual Networking Index Global Mobile Data Traffic Forecast for 2012 to 2017 Cisco Confidential 16
  17. 17. Real-time data supports real time events and decisions Tele-Medicine Tele-Health Tele-Care Tele-Counseling© 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 17
  18. 18. Thank you.

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