Similar Challenges Face Users of Big Data and Structured Data

Posted on June 10, 2016 by Dave Nitchman

The amount of data being collected in both the public and private sectors is in a word, staggering. At least 2.5 quintillion bytes of data each day [Ed: Really? That’s 2.5 x 10^18! Has someone counted it all?]. Unsurprisingly much of that data goes unused. Research by Forrester shows that¬†between 60% and 73% of all data within an enterprise goes unused for business intelligence (BI) and analytics. A ComputerWeekly.com blog post highlights one reason that XBRL users will recognise. Siloing among teams leaves data stranded and managed as a technical, rather than analytical exercise. These are also problems holding back the use of structured data in the enterprise.¬†One solution? Identify data-driven business goals and KPI’s. Learn more.

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