Story image

Organisations fail to utilise real-time analytics

17 Dec 2015

While many (67%) of CIOs, IT managers and developers believe their organisation has the ability to analyse data in real time, nearly the same percentage of respondents (66%) believe real-time applications are only meeting business needs half of the time.

This is according to a new survey conducted by Research Now and commissioned by VoltDB.

The survey examines how different roles within the enterprise view real-time data capabilities and requirements.

It found that with real-time streaming analytics rapidly becoming the lifeblood of today's data-driven economy, there are a number of disconnects in how organisations and job titles view real-time data.

In fact, 91% of CIOs, IT managers and developers agree that real-time streaming data analysis can have a positive impact on their company's bottom line.

Furthermore, 84% of CIOs believe their organisation can analyse data in real-time, only 42% of developers agree with that statement.

Nearly half (48%) of developers believe the biggest obstacles to responding and acting in real time are budget and internal resource constraints. In comparison, only 18% of CIOs that feel the same way.

According to the study, the real-time standard isn’t always upheld. In fact, only 35% of respondents define real-time as actions occurring in less than a second or in milliseconds, compared to 32% of respondents that define it in minutes or lack a real-time standard altogether.

On top of this, 56% of respondents believe real-time streaming data applications have different requirements than big data applications.

"While there's increasing recognition that competitive advantage depends on how quickly you can use data to make your business smarter, more engaging, responsive and interactive, there's a gap in understanding how to effectively deploy the solutions that will have the most impact," says Peter Vescuso, VoltDB vice president of marketing.

This study was conducted by Research Now, which surveyed more than 150 IT professionals in the third quarter of 2015, with a near equal breakdown between CIOs, developers and IT managers.

The majority of respondents represented organisations of at least 500 to more than 10,000 employees across a number of key industries, from retail and telecommunications to financial services and energy.

Flashpoint announces new features on intelligence platform
The platform now features new dashboards and analytics, expanded datasets, chat services and communities, and industry alerting.
Hitachi Vantara to offer data protection as-a-service
Hitachi Vantara has introduced data protection and data storage offerings that embrace the as-a-service model and come as pre-engineered, fully managed services.
TIBCO aids in effort to boost Vietnam's data talent pool
Training will include ways to understand data analytics, and skills to support the country’s push towards digital transformation.
Tech leaders already seeing the impact of automation
“It is our strongly held belief that the prosperity of New Zealand is inextricably linked to how well our organisations embrace a digital future."
Snowflake & Anodot to offer AI-based anomaly detection
Customers will have access to Snowflake’s built-for-the-cloud data warehouse and can receive instant alerts and insights from Anodot for potential issues before they cost customers significant ROI.
ABS and Google Cloud partner to demonstrate the feasibility of AI-enabled corrosion detection
The project successfully demonstrated the accuracy of AI in detecting and assessing structural anomalies commonly found during visual inspection.
Aerohive launches guide to cloud-managed network access control
NAC for Dummies teaches the key aspects of network access control within enterprise IT networks and how you can secure all devices on the network.
Sungard AS named DRaaS leader by Forrester
It was noted for its disaster-recovery-as-a-service solution’s ability to “serve client needs at all stages of their need for business continuity.”