SlideShare a Scribd company logo
DATA MASTERY:
THE DRIVER OF GLOBAL REVENUE
Businesses around the world are trying to figure out
how to turn data into capital
IN COLLABORATION WITH
GAINING THE DIGITAL ADVANTAGE
©2015 WSJ. Custom Studios, a unit of The Wall Street Journal Advertising Department. The Wall Street Journal news organization was not involved in the creation of this content.
IN COLLABORATION WITH
Introduction & Methodology
Data is now a form of capital. Organizations can use the massive amounts of
business information they collect to raise revenue with new products, services and
ways to work. But they need help. And they know it.
WSJ. Custom Studios in collaboration with Oracle set out to understand the
unique challenges several key industries face when dealing with data. In an Ipsos
North America Market Research survey, we queried 742 executives around the
world about the opportunities big data presents and the journey companies are
taking to benefit from them.
Respondent Profile
Corporate Titles
›› 7% Owner/Partner
›› 4% President/CEO/COO
›› 20% CIO/CTO/CFO
›› 46% General Manager/Managing Director/VP
Company Size
›› Average $372MM in annual revenue
›› Average 3.915 employees
Respondent’s Employment by Industry
Manufacturing
HealthCare/
LifeSciences/
Pharmaceuticals
FinancialServices/
Insurance
Retail
Telecommunications
Utilities
IN COLLABORATION WITH
Whether it’s from clinical drug trials, social media
conversations or customer purchase records, organizations
have evermore data to manage and translate into insights.
Key Findings
96%
have seen an increase in data in the past two years.
Close to a quarter have seen the data volume double
during that period.
86%
consider the ability to garner insight from business a
top three priority. For 32%, it’s the #1 item.
81%
plan to expand their business analyst team. That
means more staff to parse data and put it to good use.
IN COLLABORATION WITH
The Bottom Line
 Lack of preparation costs money.
98%of industry executives believe they
are losing revenue as a result of
not effectively managing and
leveraging business information.
 Industry-specific applications are a key element to improving
the ability to translate data into insight.
IN COLLABORATION WITH
Several years into the data explosion, companies continue to be overwhelmed. Only 6% of senior management across all
industries feel completely prepared for continued data growth — data that will come from a variety of sources.
Predicted Data Growth
WHERE DATA WILL COME FROM THE NEXT 2 YEARS (EST.)
External
Data
Sources
Internal Data Sources
Social
Media
Market
Data
Customer
Information
Sales/
Marketing
Operations Finance Service/
Support
Research 
Development
Regulatory
Management
Manufacturing/
Supply Chain
27%
25%
32%
29%
27%
21% 21% 20% 18%
15%
Q: In what areas have you seen biggest increases in variety and volume in the last two years? In the next two years?
IN COLLABORATION WITH
Biggest Challenges
Our systems are
not designed to
meet the specific
needs of our
industry.
Information
is no longer
timely when
our business
managers
receive it.
Business
managers need
to rely on IT
to compile
and analyze
information.
Don’t have the
right systems in
place to gather
the information
we need.
Can’t make sense
of the data we
have, or translate
into actionable
insights.
37% 32% 31% 28% 28%
85%of industry executives use software built for their specific needs. Still, inefficient systems and lack of
timeliness pose significant obstacles. (It’s difficult to make good decisions with out-of-date and incomplete information.)
Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational insight from information?
IN COLLABORATION WITH
Industry-Specific
Software Is Essential
84%
rank these applications as essential or important to their operations.
85%of industry executives use software built for their specific needs.
ManufacturingRetail Health Care/
Life Sciences/
Pharmaceuticals
Financial Services/
Insurance
72%91% 91% 90% 88% 78%
Utilities Telecommunications
Q: Does your organization use industry-specific applications/software to help you to run your business and leverage your business? Q: How important are these applications to your
operations? Ranked 4 or 5 out of 5 where 5 is critical.
IN COLLABORATION WITH
More Investment Projected
Almost all (98%) of the industry executives surveyed plan investments to improve information optimization over the
next two years. They’re investing in:
Technology
infrastructure
(e.g., databases,
middleware)
Business
intelligence
tools/analytics
Business
applications
Industry-specific
applications
Hardware (e.g.,
servers, storage)
53% 48% 44% 43% 43%
Q: Looking ahead, what IT infrastructure, systems or solutions will your organization invest in to help improve information optimization over the next two years?
IN COLLABORATION WITH
Data Mining Is Mission Critical
Garnering insight from data is a top three priority for 87% of manufacturing
executives.
Sales and marketing data jumped 43% over the last two years, more than any other industry.
Unsurprisingly, social media (25%) is gaining ground.
MANUFACTURING
40%
of manufacturing
executives say
that garnering
insight from data
is their #1 priority,
the highest
of measured
industries.
Q: Where does the ability to draw intelligence from data rank in terms of your organization’s priorities? Q: In what areas have you seen biggest increases in variety and volume in the
last two years? In the next two years?
IN COLLABORATION WITH
48%
Nearly half complain that their systems are not designed to
meet their specific needs, higher than any other industry.
26%
Can’t find data once its collected, a bigger gripe for retail than
other industries.
Although more than three-quarters of retail
executives say they are planning to expand their
analyst team, this is well below average.
78%
Data on the Rise
RETAIL
Retailers expect data growth in the next
two years to come primarily from:
Highest
vs.
other
industries
Social Media 42%
Sales and Marketing 41%
Customer Information 38%
Q: In what areas have you seen biggest increases in variety and volume in the last two years? In the next two years? Q: For the coming year, which of the following best describes
your organization’s plans regarding your business analyst team? Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational
insight from information?
IN COLLABORATION WITH
Data Warriors
Telecommunications executives rate their organizations highly effective in nearly every aspect of
data management. They also place a high priority on drawing intelligence from data.
TELECOMMUNICATIONS
rank analyzing
data their #1
priority, second to
manufacturing
at 40%
39%
feel that data
doesn’t reach
business managers
promptly, the
highest percentage
of any industry
43%
plan to expand
business analyst
teams, tied
for first with
manufacturing
89%
Q: Where does the ability to draw intelligence from data rank in terms of your organization’s priorities? Q: What are your biggest gripes in terms of your organization’s current ability to
manage and draw operational insight from information? Q. For the coming year, which of the following best describes your organization’s plans regarding your business analyst team?
IN COLLABORATION WITH
Trying to Make Sense of Data
This sector isn’t satisfied with its ability to translate
information into actionable insights. Executives also say they
lack the right systems to gather the information they need.
use industry-specific applications — above-
average (the average is 85%), yet utilities rank
last in rating these apps business-critical.
plan to expand their business analyst team over
the coming year, less than manufacturing and
telecommunications but more than the other
industries.
use an outside organization to host and manage
business-critical information, second only to
financial services/insurance.
88%
83%
64%
UTILITIES
Q: Does your organization use industry-specific applications/software to help you to run your business and leverage your business? Q: How important are these applications to your operations?
Ranked 4 or 5 out of 5 where 5 is critical. Q: For the coming year, which of the following best describes your organization’s plans regarding your business analyst team? Q: Please think about
your organization’s use of outside organizations to manage your business critical information (such as cloud services), which statement most closely fits with your organization’s use?
IN COLLABORATION WITH
Least Likely to Succeed?
HEALTH CARE/LIFE SCIENCES/
PHARMACEUTICALS
Respondents in health care, life sciences and
pharmaceuticals have few “gripes” compared with other
industries, which might explain why they’re least likely to
be aggressive about data.
Lower
than
other
industries
Compared
to 41% for
telecoms
73%
plan to expand their analyst team
72%
use industry-specific applications
62%
have seen dataflow more than double in the last
two years
Q: From your perspective, how much more business information is your organization collecting and managing today than it did two years ago, across all business areas? Q: For the
coming year, which of the following best describes your organization’s plans regarding your business analyst team? Q: Does your organization use industry-specific applications/
software to help you to run your business and leverage your business?
IN COLLABORATION WITH
Data Doubles Down
FINANCIAL SERVICES/INSURANCE
Financial services and insurance
executives have a high propensity
to use industry-specific
applications to leverage business
information.
Highest
vs.
other
industries
Use outside services such as the
cloud to host and manage at least
some business-critical information.
66%
Can’t give business managers
access to the information they
need; they rely on IT to compile and
analyze information.
Systems aren’t designed to meet
the specific needs of their industry.
33%
31%
Lowest
vs.
other
industries
Highest
vs.
other
industries
Q: Please think about your organization’s use of outside organizations to manage your business critical information (such as cloud services), which statement most closely fits with
your organization’s use? Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational insight from information?
IN COLLABORATION WITH
Around the World: APAC
83%of executives in the Asia-Pacific (APAC) region put the ability to garner insight from business
data on their list of priorities. Helps explain why nearly all (99%) plan to make additional technology
investments over the next two years, primarily in:
Tech
infrastructure
55%
Business
intelligence tools
and analytics
53%
Industry-specific
applications
51%
Hardware
investments
49%
Q: Looking ahead, what IT infrastructure, systems or solutions will your organization invest in to help improve information optimization over the next two years?
IN COLLABORATION WITH
Around the World: EMEA
Nearly half (43%) of executives in Europe, the Middle East and Africa (EMEA) region say the volume of
business information acquired has grown by more than half relative to two years ago. Some believe they are
prepared to handle more data; others have doubts.
55%of organizations feel their companies are relatively well-prepared for a data doubling
44%believe they are not
Another gap:
39%feel confident in safeguarding data
19%feel their organization is highly effective in translating business information into actionable intelligence
Q: Say the amount of information your organization collects suddenly doubled, how prepared is your organization to manage this kind of potential information deluge? Q: On a scale
of 1-10, where 1 is poor and 10 is excellent, how would you rate your organization’s effectiveness in the following areas? — Securing/safeguarding data. Translating information into
actionable intelligence.
IN COLLABORATION WITH
Around the World: North America
Executives are concerned about how well their organizations manage and draw operational insight from the
data they already have.
The biggest areas of concern:
38%existing systems are not designed to meet their industry’s specific requirements
29%lack the right systems to gather information they need
Still, 61% have increased their usage of industry-specific tools in the past two years, and 37% plan to invest in these
tools over the next two years.
Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational insight from information?
IN COLLABORATION WITH
Around the World: Latin America
99%of executives in the region consider the ability to garner insights from business data a top three
priority — 100% have seen an increase in business information in the past two years, especially in:
When asked where they expect to see the biggest growth in information in the next two years, they cited financial
information (43%) and operations (37%), particularly in health care where operations data is projected to grow by 48%.
Financial data
64%
Operations
58%
Regulatory
management
24%
Q: Where does the ability to draw intelligence from data rank in terms of your organization’s priorities? Q: In what areas have you seen biggest increases in variety and volume in the
last two years? In the next two years?
IN COLLABORATION WITH
Turn Data Into Capital
Investing in data solutions, industry-specific applications, analyst teams
and different types of analytics can help businesses overcome
common challenges.
From Australia to the U.S., in factories and high-rise offices, competitive businesses know they need to gather, analyze
and leverage data effectively to stay ahead of rivals. That’s how you turn data into capital.

More Related Content

What's hot

Not waving-but-drowning
Not waving-but-drowningNot waving-but-drowning
Not waving-but-drowning
Claire Samuel
 
How to Create a Data Culture
How to Create a Data CultureHow to Create a Data Culture
How to Create a Data Culture
Cognizant
 
The-Virtuous-Circle-of-Data
The-Virtuous-Circle-of-DataThe-Virtuous-Circle-of-Data
The-Virtuous-Circle-of-Data
Roderick Morris
 
Scale Innovation and Achieve Value with Future Systems
Scale Innovation and Achieve Value with Future SystemsScale Innovation and Achieve Value with Future Systems
Scale Innovation and Achieve Value with Future Systems
Accenture Insurance
 
CIO Agenda 2018
CIO Agenda 2018CIO Agenda 2018
CIO Agenda 2018
VIJAY MUTHU
 
Beyond spreadsheets: How the new breed of CFO makes decisions
Beyond spreadsheets:  How the new breed of CFO makes decisionsBeyond spreadsheets:  How the new breed of CFO makes decisions
Beyond spreadsheets: How the new breed of CFO makes decisions
The Economist Media Businesses
 
Big and Fast Data: The Rise of Insight-Driven Business
Big and Fast Data: The Rise of Insight-Driven BusinessBig and Fast Data: The Rise of Insight-Driven Business
Big and Fast Data: The Rise of Insight-Driven Business
Michael Bailey
 
2016-state-of-the-cio-executive-summary
2016-state-of-the-cio-executive-summary2016-state-of-the-cio-executive-summary
2016-state-of-the-cio-executive-summary
Michael Jenkins
 
Winning with a data-driven strategy
Winning with a data-driven strategyWinning with a data-driven strategy
Winning with a data-driven strategy
Strategy&, a member of the PwC network
 
Network Computing's 2016 Infrastructure Salary Survey
Network Computing's 2016 Infrastructure Salary SurveyNetwork Computing's 2016 Infrastructure Salary Survey
Network Computing's 2016 Infrastructure Salary Survey
John Slesinski
 
Qlik executive summary final
Qlik executive summary   finalQlik executive summary   final
Qlik executive summary final
Alice Tong
 
Job One: Reimagine Today's State Government Workforce
Job One: Reimagine Today's State Government WorkforceJob One: Reimagine Today's State Government Workforce
Job One: Reimagine Today's State Government Workforce
accenture
 
Analytics in-action-survey
Analytics in-action-surveyAnalytics in-action-survey
Analytics in-action-survey
Anjan Das
 
AI: From Data to ROI
AI: From Data to ROIAI: From Data to ROI
AI: From Data to ROI
Cognizant
 
Who's big on big data?
Who's big on big data?Who's big on big data?
Who's big on big data?
The Economist Media Businesses
 
Addressing India's Reskilling Challenge - A Report By AIM
Addressing India's Reskilling Challenge - A Report By AIMAddressing India's Reskilling Challenge - A Report By AIM
Addressing India's Reskilling Challenge - A Report By AIM
Richa Bhatia
 

What's hot (16)

Not waving-but-drowning
Not waving-but-drowningNot waving-but-drowning
Not waving-but-drowning
 
How to Create a Data Culture
How to Create a Data CultureHow to Create a Data Culture
How to Create a Data Culture
 
The-Virtuous-Circle-of-Data
The-Virtuous-Circle-of-DataThe-Virtuous-Circle-of-Data
The-Virtuous-Circle-of-Data
 
Scale Innovation and Achieve Value with Future Systems
Scale Innovation and Achieve Value with Future SystemsScale Innovation and Achieve Value with Future Systems
Scale Innovation and Achieve Value with Future Systems
 
CIO Agenda 2018
CIO Agenda 2018CIO Agenda 2018
CIO Agenda 2018
 
Beyond spreadsheets: How the new breed of CFO makes decisions
Beyond spreadsheets:  How the new breed of CFO makes decisionsBeyond spreadsheets:  How the new breed of CFO makes decisions
Beyond spreadsheets: How the new breed of CFO makes decisions
 
Big and Fast Data: The Rise of Insight-Driven Business
Big and Fast Data: The Rise of Insight-Driven BusinessBig and Fast Data: The Rise of Insight-Driven Business
Big and Fast Data: The Rise of Insight-Driven Business
 
2016-state-of-the-cio-executive-summary
2016-state-of-the-cio-executive-summary2016-state-of-the-cio-executive-summary
2016-state-of-the-cio-executive-summary
 
Winning with a data-driven strategy
Winning with a data-driven strategyWinning with a data-driven strategy
Winning with a data-driven strategy
 
Network Computing's 2016 Infrastructure Salary Survey
Network Computing's 2016 Infrastructure Salary SurveyNetwork Computing's 2016 Infrastructure Salary Survey
Network Computing's 2016 Infrastructure Salary Survey
 
Qlik executive summary final
Qlik executive summary   finalQlik executive summary   final
Qlik executive summary final
 
Job One: Reimagine Today's State Government Workforce
Job One: Reimagine Today's State Government WorkforceJob One: Reimagine Today's State Government Workforce
Job One: Reimagine Today's State Government Workforce
 
Analytics in-action-survey
Analytics in-action-surveyAnalytics in-action-survey
Analytics in-action-survey
 
AI: From Data to ROI
AI: From Data to ROIAI: From Data to ROI
AI: From Data to ROI
 
Who's big on big data?
Who's big on big data?Who's big on big data?
Who's big on big data?
 
Addressing India's Reskilling Challenge - A Report By AIM
Addressing India's Reskilling Challenge - A Report By AIMAddressing India's Reskilling Challenge - A Report By AIM
Addressing India's Reskilling Challenge - A Report By AIM
 

Similar to Find out What Businesses Around the World are Doing to Turn Data into Capital

Data Science Leaders Outlook In India 2019: By AIM & Simplilearn
Data Science Leaders Outlook In India 2019: By AIM & SimplilearnData Science Leaders Outlook In India 2019: By AIM & Simplilearn
Data Science Leaders Outlook In India 2019: By AIM & Simplilearn
Richa Bhatia
 
From big data overload to business impact
From big data overload to business impactFrom big data overload to business impact
From big data overload to business impact
Miguel Garcia
 
Not Waving but Drowning - The State of Data in 2015
Not Waving but Drowning - The State of Data in 2015Not Waving but Drowning - The State of Data in 2015
Not Waving but Drowning - The State of Data in 2015
Melanie Rowbotham was Larbalestier
 
The state of data in 2015
The state of data in 2015The state of data in 2015
The state of data in 2015
KDR Talent Solutions
 
Big_data for marketing and sales
Big_data for marketing and salesBig_data for marketing and sales
Big_data for marketing and sales
CMR WORLD TECH
 
SAP SME - The Agility Engine think piece - partner - July 10.pdf
SAP SME - The Agility Engine think piece - partner - July 10.pdfSAP SME - The Agility Engine think piece - partner - July 10.pdf
SAP SME - The Agility Engine think piece - partner - July 10.pdf
AGSanePLDTCompany
 
State of Analytics 2018 -Study preview
State of Analytics 2018 -Study preview State of Analytics 2018 -Study preview
State of Analytics 2018 -Study preview
Avaus
 
2014 TECNA National Survey of Techncology, Policy & Strategic Issues
2014 TECNA National Survey of Techncology, Policy & Strategic Issues2014 TECNA National Survey of Techncology, Policy & Strategic Issues
2014 TECNA National Survey of Techncology, Policy & Strategic Issues
TECNA - Technology Councils of North America
 
Imarticus Roundtable Analytics Conference Summary
Imarticus Roundtable Analytics Conference SummaryImarticus Roundtable Analytics Conference Summary
Imarticus Roundtable Analytics Conference Summary
Narasimhalu Senthil
 
MTBiz February 2014
MTBiz February 2014MTBiz February 2014
MTBiz February 2014
Mutual Trust Bank Ltd.
 
Cracking the Data Conundrum: How Successful Companies Make #BigData Operational
Cracking the Data Conundrum: How Successful Companies Make #BigData OperationalCracking the Data Conundrum: How Successful Companies Make #BigData Operational
Cracking the Data Conundrum: How Successful Companies Make #BigData Operational
Capgemini
 
Cracking the Data Conundrum: How Successful Companies Make #BigData Operational
Cracking the Data Conundrum: How Successful Companies Make #BigData OperationalCracking the Data Conundrum: How Successful Companies Make #BigData Operational
Cracking the Data Conundrum: How Successful Companies Make #BigData Operational
Subrahmanyam KVJ
 
Cracking the data conundrum - how successful companies make big data operational
Cracking the data conundrum - how successful companies make big data operationalCracking the data conundrum - how successful companies make big data operational
Cracking the data conundrum - how successful companies make big data operational
Rick Bouter
 
Driving a data-centric culture
Driving a data-centric cultureDriving a data-centric culture
Driving a data-centric culture
The Economist Media Businesses
 
Driving A Data-Centric Culture: The Leadership Challenge
Driving A Data-Centric Culture: The Leadership ChallengeDriving A Data-Centric Culture: The Leadership Challenge
Driving A Data-Centric Culture: The Leadership Challenge
Platfora
 
Caspio Low-Code Report, 2020
Caspio Low-Code Report, 2020Caspio Low-Code Report, 2020
Caspio Low-Code Report, 2020
Brian Metzger
 
PCQuest CIO Tech Priorities Survey 2014
PCQuest CIO Tech Priorities Survey 2014PCQuest CIO Tech Priorities Survey 2014
PCQuest CIO Tech Priorities Survey 2014
Anil Chopra
 
Accelerating transformation hmg - pa
Accelerating transformation   hmg - paAccelerating transformation   hmg - pa
Accelerating transformation hmg - pa
Matt Mandich
 
state-of-it-report-salesforce
state-of-it-report-salesforcestate-of-it-report-salesforce
state-of-it-report-salesforce
Alexandra Legend Siegel
 
Digital iq-survey-2015 pwc
Digital iq-survey-2015 pwcDigital iq-survey-2015 pwc
Digital iq-survey-2015 pwc
Umberto Tessitore
 

Similar to Find out What Businesses Around the World are Doing to Turn Data into Capital (20)

Data Science Leaders Outlook In India 2019: By AIM & Simplilearn
Data Science Leaders Outlook In India 2019: By AIM & SimplilearnData Science Leaders Outlook In India 2019: By AIM & Simplilearn
Data Science Leaders Outlook In India 2019: By AIM & Simplilearn
 
From big data overload to business impact
From big data overload to business impactFrom big data overload to business impact
From big data overload to business impact
 
Not Waving but Drowning - The State of Data in 2015
Not Waving but Drowning - The State of Data in 2015Not Waving but Drowning - The State of Data in 2015
Not Waving but Drowning - The State of Data in 2015
 
The state of data in 2015
The state of data in 2015The state of data in 2015
The state of data in 2015
 
Big_data for marketing and sales
Big_data for marketing and salesBig_data for marketing and sales
Big_data for marketing and sales
 
SAP SME - The Agility Engine think piece - partner - July 10.pdf
SAP SME - The Agility Engine think piece - partner - July 10.pdfSAP SME - The Agility Engine think piece - partner - July 10.pdf
SAP SME - The Agility Engine think piece - partner - July 10.pdf
 
State of Analytics 2018 -Study preview
State of Analytics 2018 -Study preview State of Analytics 2018 -Study preview
State of Analytics 2018 -Study preview
 
2014 TECNA National Survey of Techncology, Policy & Strategic Issues
2014 TECNA National Survey of Techncology, Policy & Strategic Issues2014 TECNA National Survey of Techncology, Policy & Strategic Issues
2014 TECNA National Survey of Techncology, Policy & Strategic Issues
 
Imarticus Roundtable Analytics Conference Summary
Imarticus Roundtable Analytics Conference SummaryImarticus Roundtable Analytics Conference Summary
Imarticus Roundtable Analytics Conference Summary
 
MTBiz February 2014
MTBiz February 2014MTBiz February 2014
MTBiz February 2014
 
Cracking the Data Conundrum: How Successful Companies Make #BigData Operational
Cracking the Data Conundrum: How Successful Companies Make #BigData OperationalCracking the Data Conundrum: How Successful Companies Make #BigData Operational
Cracking the Data Conundrum: How Successful Companies Make #BigData Operational
 
Cracking the Data Conundrum: How Successful Companies Make #BigData Operational
Cracking the Data Conundrum: How Successful Companies Make #BigData OperationalCracking the Data Conundrum: How Successful Companies Make #BigData Operational
Cracking the Data Conundrum: How Successful Companies Make #BigData Operational
 
Cracking the data conundrum - how successful companies make big data operational
Cracking the data conundrum - how successful companies make big data operationalCracking the data conundrum - how successful companies make big data operational
Cracking the data conundrum - how successful companies make big data operational
 
Driving a data-centric culture
Driving a data-centric cultureDriving a data-centric culture
Driving a data-centric culture
 
Driving A Data-Centric Culture: The Leadership Challenge
Driving A Data-Centric Culture: The Leadership ChallengeDriving A Data-Centric Culture: The Leadership Challenge
Driving A Data-Centric Culture: The Leadership Challenge
 
Caspio Low-Code Report, 2020
Caspio Low-Code Report, 2020Caspio Low-Code Report, 2020
Caspio Low-Code Report, 2020
 
PCQuest CIO Tech Priorities Survey 2014
PCQuest CIO Tech Priorities Survey 2014PCQuest CIO Tech Priorities Survey 2014
PCQuest CIO Tech Priorities Survey 2014
 
Accelerating transformation hmg - pa
Accelerating transformation   hmg - paAccelerating transformation   hmg - pa
Accelerating transformation hmg - pa
 
state-of-it-report-salesforce
state-of-it-report-salesforcestate-of-it-report-salesforce
state-of-it-report-salesforce
 
Digital iq-survey-2015 pwc
Digital iq-survey-2015 pwcDigital iq-survey-2015 pwc
Digital iq-survey-2015 pwc
 

Recently uploaded

Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
LuanWise
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
CA Dr. Prithvi Ranjan Parhi
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
Adnet Communications
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
How MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdfHow MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdf
MJ Global
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
Corey Perlman, Social Media Speaker and Consultant
 
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
ABHILASH DUTTA
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
my Pandit
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
taqyea
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
bosssp10
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
SOFTTECHHUB
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
Kirill Klimov
 
buy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accountsbuy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accounts
Susan Laney
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
my Pandit
 
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
hartfordclub1
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
 

Recently uploaded (20)

Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta MatkaDpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
 
Income Tax exemption for Start up : Section 80 IAC
Income Tax  exemption for Start up : Section 80 IACIncome Tax  exemption for Start up : Section 80 IAC
Income Tax exemption for Start up : Section 80 IAC
 
Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024Lundin Gold Corporate Presentation - June 2024
Lundin Gold Corporate Presentation - June 2024
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
How MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdfHow MJ Global Leads the Packaging Industry.pdf
How MJ Global Leads the Packaging Industry.pdf
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
 
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
Hamster Kombat' Telegram Game Surpasses 100 Million Players—Token Release Sch...
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
 
buy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accountsbuy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accounts
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
 
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf2024-6-01-IMPACTSilver-Corp-Presentation.pdf
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
 
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel ChartSatta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
Satta Matka Dpboss Matka Guessing Kalyan Chart Indian Matka Kalyan panel Chart
 

Find out What Businesses Around the World are Doing to Turn Data into Capital

  • 1. DATA MASTERY: THE DRIVER OF GLOBAL REVENUE Businesses around the world are trying to figure out how to turn data into capital IN COLLABORATION WITH GAINING THE DIGITAL ADVANTAGE ©2015 WSJ. Custom Studios, a unit of The Wall Street Journal Advertising Department. The Wall Street Journal news organization was not involved in the creation of this content.
  • 2. IN COLLABORATION WITH Introduction & Methodology Data is now a form of capital. Organizations can use the massive amounts of business information they collect to raise revenue with new products, services and ways to work. But they need help. And they know it. WSJ. Custom Studios in collaboration with Oracle set out to understand the unique challenges several key industries face when dealing with data. In an Ipsos North America Market Research survey, we queried 742 executives around the world about the opportunities big data presents and the journey companies are taking to benefit from them. Respondent Profile Corporate Titles ›› 7% Owner/Partner ›› 4% President/CEO/COO ›› 20% CIO/CTO/CFO ›› 46% General Manager/Managing Director/VP Company Size ›› Average $372MM in annual revenue ›› Average 3.915 employees Respondent’s Employment by Industry Manufacturing HealthCare/ LifeSciences/ Pharmaceuticals FinancialServices/ Insurance Retail Telecommunications Utilities
  • 3. IN COLLABORATION WITH Whether it’s from clinical drug trials, social media conversations or customer purchase records, organizations have evermore data to manage and translate into insights. Key Findings 96% have seen an increase in data in the past two years. Close to a quarter have seen the data volume double during that period. 86% consider the ability to garner insight from business a top three priority. For 32%, it’s the #1 item. 81% plan to expand their business analyst team. That means more staff to parse data and put it to good use.
  • 4. IN COLLABORATION WITH The Bottom Line Lack of preparation costs money. 98%of industry executives believe they are losing revenue as a result of not effectively managing and leveraging business information. Industry-specific applications are a key element to improving the ability to translate data into insight.
  • 5. IN COLLABORATION WITH Several years into the data explosion, companies continue to be overwhelmed. Only 6% of senior management across all industries feel completely prepared for continued data growth — data that will come from a variety of sources. Predicted Data Growth WHERE DATA WILL COME FROM THE NEXT 2 YEARS (EST.) External Data Sources Internal Data Sources Social Media Market Data Customer Information Sales/ Marketing Operations Finance Service/ Support Research Development Regulatory Management Manufacturing/ Supply Chain 27% 25% 32% 29% 27% 21% 21% 20% 18% 15% Q: In what areas have you seen biggest increases in variety and volume in the last two years? In the next two years?
  • 6. IN COLLABORATION WITH Biggest Challenges Our systems are not designed to meet the specific needs of our industry. Information is no longer timely when our business managers receive it. Business managers need to rely on IT to compile and analyze information. Don’t have the right systems in place to gather the information we need. Can’t make sense of the data we have, or translate into actionable insights. 37% 32% 31% 28% 28% 85%of industry executives use software built for their specific needs. Still, inefficient systems and lack of timeliness pose significant obstacles. (It’s difficult to make good decisions with out-of-date and incomplete information.) Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational insight from information?
  • 7. IN COLLABORATION WITH Industry-Specific Software Is Essential 84% rank these applications as essential or important to their operations. 85%of industry executives use software built for their specific needs. ManufacturingRetail Health Care/ Life Sciences/ Pharmaceuticals Financial Services/ Insurance 72%91% 91% 90% 88% 78% Utilities Telecommunications Q: Does your organization use industry-specific applications/software to help you to run your business and leverage your business? Q: How important are these applications to your operations? Ranked 4 or 5 out of 5 where 5 is critical.
  • 8. IN COLLABORATION WITH More Investment Projected Almost all (98%) of the industry executives surveyed plan investments to improve information optimization over the next two years. They’re investing in: Technology infrastructure (e.g., databases, middleware) Business intelligence tools/analytics Business applications Industry-specific applications Hardware (e.g., servers, storage) 53% 48% 44% 43% 43% Q: Looking ahead, what IT infrastructure, systems or solutions will your organization invest in to help improve information optimization over the next two years?
  • 9. IN COLLABORATION WITH Data Mining Is Mission Critical Garnering insight from data is a top three priority for 87% of manufacturing executives. Sales and marketing data jumped 43% over the last two years, more than any other industry. Unsurprisingly, social media (25%) is gaining ground. MANUFACTURING 40% of manufacturing executives say that garnering insight from data is their #1 priority, the highest of measured industries. Q: Where does the ability to draw intelligence from data rank in terms of your organization’s priorities? Q: In what areas have you seen biggest increases in variety and volume in the last two years? In the next two years?
  • 10. IN COLLABORATION WITH 48% Nearly half complain that their systems are not designed to meet their specific needs, higher than any other industry. 26% Can’t find data once its collected, a bigger gripe for retail than other industries. Although more than three-quarters of retail executives say they are planning to expand their analyst team, this is well below average. 78% Data on the Rise RETAIL Retailers expect data growth in the next two years to come primarily from: Highest vs. other industries Social Media 42% Sales and Marketing 41% Customer Information 38% Q: In what areas have you seen biggest increases in variety and volume in the last two years? In the next two years? Q: For the coming year, which of the following best describes your organization’s plans regarding your business analyst team? Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational insight from information?
  • 11. IN COLLABORATION WITH Data Warriors Telecommunications executives rate their organizations highly effective in nearly every aspect of data management. They also place a high priority on drawing intelligence from data. TELECOMMUNICATIONS rank analyzing data their #1 priority, second to manufacturing at 40% 39% feel that data doesn’t reach business managers promptly, the highest percentage of any industry 43% plan to expand business analyst teams, tied for first with manufacturing 89% Q: Where does the ability to draw intelligence from data rank in terms of your organization’s priorities? Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational insight from information? Q. For the coming year, which of the following best describes your organization’s plans regarding your business analyst team?
  • 12. IN COLLABORATION WITH Trying to Make Sense of Data This sector isn’t satisfied with its ability to translate information into actionable insights. Executives also say they lack the right systems to gather the information they need. use industry-specific applications — above- average (the average is 85%), yet utilities rank last in rating these apps business-critical. plan to expand their business analyst team over the coming year, less than manufacturing and telecommunications but more than the other industries. use an outside organization to host and manage business-critical information, second only to financial services/insurance. 88% 83% 64% UTILITIES Q: Does your organization use industry-specific applications/software to help you to run your business and leverage your business? Q: How important are these applications to your operations? Ranked 4 or 5 out of 5 where 5 is critical. Q: For the coming year, which of the following best describes your organization’s plans regarding your business analyst team? Q: Please think about your organization’s use of outside organizations to manage your business critical information (such as cloud services), which statement most closely fits with your organization’s use?
  • 13. IN COLLABORATION WITH Least Likely to Succeed? HEALTH CARE/LIFE SCIENCES/ PHARMACEUTICALS Respondents in health care, life sciences and pharmaceuticals have few “gripes” compared with other industries, which might explain why they’re least likely to be aggressive about data. Lower than other industries Compared to 41% for telecoms 73% plan to expand their analyst team 72% use industry-specific applications 62% have seen dataflow more than double in the last two years Q: From your perspective, how much more business information is your organization collecting and managing today than it did two years ago, across all business areas? Q: For the coming year, which of the following best describes your organization’s plans regarding your business analyst team? Q: Does your organization use industry-specific applications/ software to help you to run your business and leverage your business?
  • 14. IN COLLABORATION WITH Data Doubles Down FINANCIAL SERVICES/INSURANCE Financial services and insurance executives have a high propensity to use industry-specific applications to leverage business information. Highest vs. other industries Use outside services such as the cloud to host and manage at least some business-critical information. 66% Can’t give business managers access to the information they need; they rely on IT to compile and analyze information. Systems aren’t designed to meet the specific needs of their industry. 33% 31% Lowest vs. other industries Highest vs. other industries Q: Please think about your organization’s use of outside organizations to manage your business critical information (such as cloud services), which statement most closely fits with your organization’s use? Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational insight from information?
  • 15. IN COLLABORATION WITH Around the World: APAC 83%of executives in the Asia-Pacific (APAC) region put the ability to garner insight from business data on their list of priorities. Helps explain why nearly all (99%) plan to make additional technology investments over the next two years, primarily in: Tech infrastructure 55% Business intelligence tools and analytics 53% Industry-specific applications 51% Hardware investments 49% Q: Looking ahead, what IT infrastructure, systems or solutions will your organization invest in to help improve information optimization over the next two years?
  • 16. IN COLLABORATION WITH Around the World: EMEA Nearly half (43%) of executives in Europe, the Middle East and Africa (EMEA) region say the volume of business information acquired has grown by more than half relative to two years ago. Some believe they are prepared to handle more data; others have doubts. 55%of organizations feel their companies are relatively well-prepared for a data doubling 44%believe they are not Another gap: 39%feel confident in safeguarding data 19%feel their organization is highly effective in translating business information into actionable intelligence Q: Say the amount of information your organization collects suddenly doubled, how prepared is your organization to manage this kind of potential information deluge? Q: On a scale of 1-10, where 1 is poor and 10 is excellent, how would you rate your organization’s effectiveness in the following areas? — Securing/safeguarding data. Translating information into actionable intelligence.
  • 17. IN COLLABORATION WITH Around the World: North America Executives are concerned about how well their organizations manage and draw operational insight from the data they already have. The biggest areas of concern: 38%existing systems are not designed to meet their industry’s specific requirements 29%lack the right systems to gather information they need Still, 61% have increased their usage of industry-specific tools in the past two years, and 37% plan to invest in these tools over the next two years. Q: What are your biggest gripes in terms of your organization’s current ability to manage and draw operational insight from information?
  • 18. IN COLLABORATION WITH Around the World: Latin America 99%of executives in the region consider the ability to garner insights from business data a top three priority — 100% have seen an increase in business information in the past two years, especially in: When asked where they expect to see the biggest growth in information in the next two years, they cited financial information (43%) and operations (37%), particularly in health care where operations data is projected to grow by 48%. Financial data 64% Operations 58% Regulatory management 24% Q: Where does the ability to draw intelligence from data rank in terms of your organization’s priorities? Q: In what areas have you seen biggest increases in variety and volume in the last two years? In the next two years?
  • 19. IN COLLABORATION WITH Turn Data Into Capital Investing in data solutions, industry-specific applications, analyst teams and different types of analytics can help businesses overcome common challenges. From Australia to the U.S., in factories and high-rise offices, competitive businesses know they need to gather, analyze and leverage data effectively to stay ahead of rivals. That’s how you turn data into capital.