Big data adoption in the Asia-Pacific - Infographic

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Big data Infographic — the analysis of large quantities of data to gain new insights — has become an ubiquitous phrase in recent years. How far have businesses in the Asia-Pacific region progressed with this trend?

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Big data adoption in the Asia-Pacific - Infographic

  1. 1. The hype and the hope: An infographic by The Economist Intelligence Unit commissioned by Hitachi Data Systems Survey respondents The road to big data adoption in Asia-Pacific. Geographical location of respondents (% respondents) 30% ANZ 6% 29% Hong Kong Big data — the analysis of large quantities of data to gain new insights — has become an ubiquitous phrase in recent years. How far have businesses in the Asia-Pacific region progressed with this trend? 14% ASEAN 6% Rest of Asia-Pacific China 15% India There is a strong appetite for an increased use of data analytics within their companies. Asia-Pacific firms report limited success so far in implementing big data practices. Almost half think it can improve revenue by >25% More than a third say they are welladvanced, but more than half say they have made limited progress. 42% 58% Well-advanced >70% Limited progress 34% Not much progress 36% Fairly well-advanced believe it can deliver gains in productivity, profitability and innovation. 21% Not yet started 6% 2% Very advanced Don’t know Big data practices in Asia-Pacific businesses 9 91 % % A company’s biggest hindrance to gaining value from big data is often itself. Virtually all companies surveyed recognise internal roadblocks that prevent them or slow them from adopting big data. cite factors within their own firms as barriers to adoption. nothing hinders use of big data Lack of suitable software 42% Lack of in-house skills 40% Lack of willingness to share data 36% Lack of communication between departments Other 36% 4% Overly complicated reports 32% Lack of analysis yielding usable insights 31% Departmental divisions 22% No buy-in from management 18% Biggest barrier to adoption Failure to communicate Significantly, companies slow to adopt big data also tend to be poor in communicating to employees their big data strategies. Over 40 32% No, my company does not have a big data strategy. 27% Yes, my company has a big data strategy; it has been well communicated to me. 20% Yes, my company has a big data strategy but it has been poorly communicated to me. 18% Yes, I think my company has a big data strategy, but it has not been communicated to me. 3% of respondents were either not sure whether their company had a big data strategy or it had been poorly communicated. I don’t know whether or not my company has a big data strategy. Front-line managers 80% Believe improved access to data is critical, Only 19% can always access the data they need. % Information silos are stopping many firms from innovating but only 19 % Collaboration is essential to innovation. Information silos are the biggest hindrance to innovation in the ideas economy. can always access the data they need. 59% Agree China 39% Agree Hong Kong India 30% 41 Agree % The silo problem is acute in Malaysia, Singapore and India Agree Malaysia / Singapore 55% Lack of communication between departments as the major inhibitor to effectively using data in their organisations. Agree Australia / NZ 31% Agree

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