A global study of business leaders shows that big data is having a “disruptive effect” on their organisations, including in the way they are having to organise their IT to exploit it.

The Capgemini and EMC report surveyed over 1,000 C-suite and senior decision makers across 12 countries to understand the need and enterprise readiness for big data adoption. The report found that two-thirds (65 percent) of business leaders acknowledged they are at risk of becoming “uncompetitive” unless they embrace new data analytics solutions.

Many UK firms see big data as capable of enhancing existing, or creating new, revenue streams © iStock/JimmyAnderson
Many UK firms see big data as capable of enhancing existing, or creating new, revenue streams © iStock/JimmyAnderson

The report also showed that 36 percent of organisations, due to the strategic importance of big data, have had to “circumvent IT teams” to carry out the necessary data analytics required to gain business insights. And over half (52 percent) reported that developing fast insights from data was “hampered” by “limitations” in the IT development process

In the UK, nearly three quarters (72.5 percent) of UK business leaders said their organisations are either experiencing big data disruption or are anticipating it over the next three years. More than half (56 percent) of the UK organisations surveyed have already implemented big data technology or are in the process of doing so. And almost half (47 percent) say that there is, or will be, increasing competition in their industry from data-enabled startups.

In addition, a majority (57 percent) of UK respondents see big data as capable of enhancing existing revenue streams by becoming a revenue driver in its own right, and an even higher proportion (61 percent) say that it can unlock entirely new revenue streams. And 41 percent say their companies are restructuring to exploit data opportunities, or have already done so, with a third introducing C-level roles relating to data.

Andrew Cameron, vice president of business information management at Capgemini, said: “Business leaders in the UK are increasingly looking for ways to get value from data. We are seeing traction in all sectors but the true pioneer is the public sector, where low cost and open source are highly favoured and, with vast data sources to hand, compelling use cases are easy to find.”

He added: “The enormous focus UK businesses are giving to unlocking data and creating insights can not only be seen in the recruitment of chief data officers and data scientists, but through fundamental organisational restructures.”