While I’m partial to diamonds and sapphires, Jeb Horton, Vice President, HP Information Management and Analytics argues that, “Data has become the most precious raw material of the 21st century.”
In a new video titled, "Seize the Power of Connected Intelligence," Jeb discusses the explosive growth of data (50 percent per month) and the implications this has for organizations today – both in terms of their business intelligence environments and their potential business outcomes.
“Whether it’s internal or external, shared or private, data in all its forms is now the new currency of business,” Jeb says. “As a result, organizations everywhere are making it a top priority to harness and extract value from it.”
But to get the real value from data, organizations must look beyond the latest software products and applications. Managing big data also requires modernized technology, a combination of business and analytical skills that is scarce today, and a strategy that aligns information initiatives with business objectives. According to research from HP and Dimensional Research, only 32 percent of companies say that deployed business intelligence solutions meet current business needs. And less than half believe current business intelligence solutions can handle large data sets. Meanwhile, the same research shows that at least 50 percent of companies lack an effective information strategy.
Perhaps it’s time for a different approach. Check out Jeb's video for more about the challenges of big data, what it means to achieve connected intelligence, and how the HP Information Management and Analytics portfolio of services can help you find the hidden gems in your data.
Jeb’s video is one in a five-part series of HP executive videos that feature Kathy Garcia, senior vice president Applications and Business Services for HP Enterprise Services, Ed Quinn, president of Enterprise Applications Development and Management Services and more. Look for blogs on additional executive insights over the next few days.