how cios are grappling with big data analytics in canada

16

Upload: canadiancio-it-world-canada

Post on 21-Jun-2015

4.746 views

Category:

Technology


1 download

DESCRIPTION

How CIOs are thinking about big data and the major opportunities, challenges and threats they face in managing the analytics unstructured information. Based on a survey of Canadian IT leaders

TRANSCRIPT

Page 1: How CIOs are grappling with big data analytics in Canada
Page 2: How CIOs are grappling with big data analytics in Canada

2

About this data• In preparation for a weekend retreat about

innovation, CanadianCIO magazine surveyed IT leaders about their perspectives on big data

• 35 responses, all CIO/IT director level

• Industries included health care, education, manufacturing, non-profit

• Company sizes from mid-market to large enterprise

2

Page 3: How CIOs are grappling with big data analytics in Canada

Q1. What do you believe are the most pressing matters today for the CIO with their line of business colleagues?

“Getting the right information at the right time. Move more towards data driven decisions.”

Not just one matter, but access to the data and then No. 2 is to use it notjust for reporting and monitoring but on executing on business decision and processes.”

“Sharing the information so that other people understand the needs of the technology and what is required.”

Page 4: How CIOs are grappling with big data analytics in Canada

4

Q1. What do you believe are the most pressing matters today for the CIO with their line of business colleagues?

“Proper management and control over information. Leveraging informationto gain competitive advantage. Lack of proper skill set and training could lead to misuse or misrepresentation of information used in decision making.”

“The biggest diversity is knowledge, education and critical area of big data. Some know all, some nothing…which makes it very challenging.”

Page 5: How CIOs are grappling with big data analytics in Canada

5

Q2. Where do you believe big data should be housed? CIO Office, CMO Office, CFO Office, Other?

Page 6: How CIOs are grappling with big data analytics in Canada

6

Q3. How are you enabling self-service analytics for multiple stakeholders, including colleagues who are not data

scientists?

Page 7: How CIOs are grappling with big data analytics in Canada

7

Q4A. What different skill sets are you thinking you will require for Big Data analytics?

“A combination of good understanding of physical analysis and datastructure when pulling information and linking from multiple sources from big data such as social media and Internet.”

“You need people with strong knowledge of what the organization is doing and the industry that will save you lots of hassles with finding the wrong conclusions.”

Page 8: How CIOs are grappling with big data analytics in Canada

8

Q4A. What different skill sets are you thinking you will require for Big Data analytics?

“Scientists know how to create and devise the method to get out the information, but they do not know the use cases, and that battle field experience can help define it and create the test to prove it.”

Page 9: How CIOs are grappling with big data analytics in Canada

9

5. Are you concerned about a skills gap or the cost of acquiring and retaining these personnel resources?

Page 10: How CIOs are grappling with big data analytics in Canada

10

5. Are you concerned about a skills gap or the cost of acquiring and retaining these personnel resources?

“It’s not a commodity at this point. There is a premium attached to this. So the worry is about managing it effectively.”

“Big data is not old enough to have an established group of expertslike Cobol programmers. Anyone with basic database expertise, you can hire them and train them to the new paradigms like SQL.”

“I think both my main concern is acquiring and retaining because of the skills are unique set of skills and these types of skills require longer cycles to master and definitely a particular concern for the organization.”

Page 11: How CIOs are grappling with big data analytics in Canada

11

5B. Are you concerned about a skills gap or the cost of acquiring and retaining these personnel resources?

“People with the right training are not easy to get and tracking them to this area is not easy and keeping them here is not easy.”

“This is becoming the norm and there are wide variety of skills set that are advanced in the transition of the big data world. It is an extension and there still have to evolve and this is the next evolution.”

“Yes I am. This is a whole new concept for us.”

Page 12: How CIOs are grappling with big data analytics in Canada

12

6. Do you see the coming of Big Data reshaping your CIO organization? If so, how?

• Recruitment

• Education and training requirements

• Security, governance and compliance

• Privacy

• “Complete restructuring” -- reporting to CEOs, boards, LOBs

• Large degree of uncertainty and expectation of long-term impact

12

Page 13: How CIOs are grappling with big data analytics in Canada

13

7. Big Data/unstructured data present new types of challenges & may require new frameworks and major technology

investments. How do you view this change & justify the business case?

• “Only take data you can actually use”

• Evaluation and business case based on the size of data collection being mined and the scope of time

• Based on relevance of unstructured data (ie, social media)

• Customer service imperatives

• Degree of hosted vs. on-premise IT in place today vs. the future

• Challenges with “small data” -- extracting value from traditional data

• More partnership between departments and increased investment

13

Page 14: How CIOs are grappling with big data analytics in Canada

14

8. Are you currently using data visualization tools, apps or new services that are highly contextual and personalized?

Page 15: How CIOs are grappling with big data analytics in Canada

15

9. Have you identified any other challenges or concerns with the use of Big Data and self-service analytics?

“I am concerned with the notion of big data and data hoarding. It’sa problem, and you have to have business strategy to determine what you need and what you do with the data. Stop wild goose-chasing and seeking solutions for problems that do not exist.”

“Big data, over the course of a year, may be impacted by factorsnot brought into the next year such as simple consumer trends, environment and economic factor. It a may tell you the wrong answer.”

“The mismanagement and misuse of information by unskilled personnel could lead to poor decisions and consequently adverse consequences.”

Page 16: How CIOs are grappling with big data analytics in Canada

16

Conclusions

• CIOs and their organizations need to conduct some kind of big data impact assessment to develop realistic and relevant strategies

• The 80/20 rule applies as well to getting value from big data vs. cleaning up traditional data as it does to innovation vs. “keeping the lights on” in enterprise IT.

• The best use cases for big data will likely be iterative rather than transformative in nature, teaching CIOs as much about what they need (in IT, processes, skills) as it does about the data itself.

• CIOs need to share more as a community to foster big data best practices

16