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Big Data: Gartner’s Advice for How to Avoid Project Failure
Gartner recently released their findings about the state of Big Data from a survey among 450 of their client companies. Here are some highlights of the results.
Who’s investing in Big Data?
About three-quarter of companies say they plan to invest.
Why are businesses investing?
Enhanced customer experience (64 percent) and increased process efficiency (47 percent)
Will Big Data investment have Positive ROI?
About half of companies planning to invest think so, but another 43 percent aren’t sure.
Who initiates Big Data Projects?
Gartner found that about one-third of projects are initiated by business unit heads, and another third of the time by CIOs.
What’s the expected success rate of Big Data projects?
Actually, not so good. Gartner said to expect about two-thirds of projects to not succeed and likely be abandoned.
What is good advice to avoid failure of a Big Data project?
- Choose a business project where it’s likely that there could be a win.
- Rely on outsourcing and packaged software when you don’t have the in-house Big Data skills
- Solicit buy-in from important stakeholders
- Decide how to build up Big Data tools and skills internally
