Xerox: Businesses Embracing Big Data but Hurdles Remain for Success

Data Quality, Security and Training seen as key challenges

NORWALK, Conn. — (BUSINESS WIRE) — May 14, 2015 — While companies are racing toward implementing Big Data initiatives, a recent Xerox study says there are significant issues slowing the capture of value. Business executives said there are a wide range of challenges in implementing Big Data strategies, including data security, privacy and data quality.

The commissioned study1 conducted in Europe by Forrester Consulting on behalf of Xerox (NYSE: XRX), also found that the lack of user training and inadequate change management are hindering the business transformation that big data solutions offer.

“Executives see the potential of data-driven intelligence taking root, but the soil is still quite rocky in spots,” said Craig Saunders, director, Analytics Resource Center, Xerox Consulting and Analytics Services. “The ecosystem is full of challenges.”

The study, based on a survey of 330 top-level executives from across Western Europe paints a portrait of the Big Data business journey, describing in detail how factors such as “big data maturity” and poor data quality impact the enterprise.

It cites three key trends underlining the state of big data in the enterprise today:

  • Big data is key decision-driver for 2015: Three fifths (61%) of organizations said decisions made during the next year are likely to be based more on data-driven intelligence than factors such as gut feeling, opinion or experience.
  • Inaccurate data proving costly: But 70% of organizations are still encountering inaccurate data in their systems and 46% believe it’s impacting negatively on their business, requiring re-calculation or totally unusable data sets.
  • Data security and privacy: 37% of respondents rated data security and privacy as one of their biggest challenges when implementing big data strategies.

“Despite the challenges, the large majority of companies are moving forward with big data technology across a wide range of different use cases,” said Saunders. “But there’s also a wide range of issues that keep executives up at night.”

Challenges affecting the potential future success of big data strategies varied from country to country:

  • 48% of German firms are challenged by data quality issues –more than the European average (34%)
  • Germans are also more likely to experience data security and privacy issues (47% versus the average of 37%)
  • Belgium is particularly concerned about a lack of user training (39%) and C-level support (36%)
  • France’s primary concern is the lack of access to client / third-party data (39%)
  • 36% of UK respondents feel lack of user training will impact their ability to implement their big data strategy
  • In the Netherlands, lack of access to internal data (due to technical bottlenecks) is the top challenge (36%)

“Datarati” Pull Ahead

The study found only 20% of respondents show high competence in dealing with big data, defined as ‘Datarati’, while 31% are shown to be clearly lagging behind in their approaches (‘Data-laggards’). Most, (49%), were categorized in between these two groups, and defined as ‘Data-explorers.’

Big Data Maturity Groups

20% strong big data competence (‘Datarati’)

49% mid-level big data competence (‘Data-explorers’)

31% low big data competence



1 | 2 | 3  Next Page »

Review Article Be the first to review this article
CST Webinar Series


Featured Video
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Acquiring Mentor: Four Good Ideas, One Great
More Editorial  
SENIOR ASIC Design Engineer for TiBit Communications at Petaluma, CA
Manager, Field Applications Engineering for Real Intent at Sunnyvale, CA
Sr. staff ASIC Design Engineer -2433 for Microchip at San Jose, CA
Upcoming Events
DeviceWerx - 2016 at Green Valley Ranch Casino & Resort Las Vegas NV - Nov 3 - 4, 2016
2016 International Conference On Computer Aided Design at Doubletree Hotel Austin TX - Nov 7 - 10, 2016
ICCAD 2016, Nov 7-10, 2016 at Doubletree Hotel in Austin, TX at Doubletree Hotel Austin TX - Nov 7 - 10, 2016
Electric&Hybrid Aerospace Technology Symposium 2016 at Conference Centre East. Koelnmesse (East Entrance) Messeplatz 1 Cologne Germany - Nov 9 - 10, 2016
S2C: FPGA Base prototyping- Download white paper

Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy