Data Management Overcoming the ”Digital Divide” with Data Management
The "digital divide" has reached the process industries: While some companies make profitable use of data management, others might be caught in the digital divide. A new research examines the awareness for digital analysis and management methods among Europe's industry leaders. Especially companies in the UK have to closely watch to not fall behind their competitors, the survey shows.
London/United Kingdgdom – According to a new report carried out by independent research experts Vanson Bourne on behalf of Tibco Software, two-thirds of UK enterprises could be trapped on the wrong side of what being classed as a ‘data divide’. The research carried out amongst UK, German and French CIOs, raises concerns about the emergence of a potential ‘data underclass’ amongst many leading companies. Furthermore, it shows that the UK market is slipping behind its French and German counterparts.
Tibco describes the ‘data divide’ as the chasm between companies that are able to collect and analyse vast quantities of historical and live data across multiple sources, and make immediate, real-time changes to their business activities - and those that can’t.
Data Management Strategies: UK Companies Risk Falling Behind
Key findings include:
- The average UK enterprise sits on 658TB of data, yet little more than one-third (38 percent) of them currently use any of their data to exploit momentary business opportunities, compared to 53 percent in Germany and 43 percent in France.
- The majority of CIOs are acutely aware of the potential damage of being caught on the wrong side of the data divide. In fact, 21 percent expect that not being able to identify and act upon transient opportunities will have a ‘catastrophic’ impact on their businesses in the future; 36 percent believe the impact will be significant, while a further 36 percent expect a moderate impact. Only six percent agreed that it would have no effect on their business activities.
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