Insufficient existing infrastructure is the biggest hurdle for Australian organisations when adopting Big Data strategies today, according to software vendor, CA Technologies.
A recent study commissioned by the company found 45 per cent of Australian organisations believe their current infrastructure is unable to support and fully deploy Big Data projects.
The survey, The State of Big Data Infrastructure: Benchmarking Global Big Data Users to Drive Future Performance, was conducted by Vanson Bourne and polled 1000 IT managers in 11 countries.
Other common business complications include organisational complexity (31 per cent), difficulty in justifying from a return on investment standpoint (27 per cent), security or compliance concerns (25 per cent) and lack of the right internal skills (25 per cent).
However, respondents claim that the benefits clearly outweigh the obstacles, with 40 per cent of Australian organisations already having or plan to implement a Big Data project within the next year.
Respondents cited improving customer experience (67 per cent), acquiring customers (52 per cent) and keeping up with the competition (45 per cent) as critical business factors and major drivers for deploying Big Data projects.
CA Technologies Asia-Pacific and Japan solution sales vice-president, Chris Wilson, said the research indicates that Big Data has become an important driver to compete in today’s application economy.
“Australian organisations are facing challenges in tackling infrastructure complexities during the implementation process. However, the results indicate they have the appetite to overcome the obstacles in order to fully develop and implement Big Data strategies that will deliver business results,” Wilson said.
The study also found that while challenges currently facing Australian organisations broadly align with those identified globally, there were three major differences:
- Only 12 per cent of Australian senior managers who participated in the study believe that the level of understanding in respect of the need and benefits of effective Big Data strategies within their organisations is a hindrance, as compared to 21 per cent globally.
- Only one per cent of Australian senior managers believe their companies are not experiencing Big Data challenges, compared to eight per cent of global senior management.
- Australian senior managers are more open-minded around Big Data decisions, with only seven per cent believing ‘risk-averse corporate culture’ to be an obstacle, compared to 10 per cent of CEOs globally.