Big data impacting business in North America

Sponsored by

New York City, June 12, 2012 — Big Data has improved businesses' performance, on average, by 26 percent and that the impact will grow to 41 percent over the next three years. The majority of companies (58 percent) claim they will make a bigger investment in Big Data over the next three years.

This is according to the Capgemini report, "The Deciding Factor: Big Data & Decision making." The report reveals that nine out of ten business leaders believe data is now the fourth factor of production, as fundamental to business as land, labor, and capital.

The study, which surveyed more than 600 C-level executives and senior management and IT leaders worldwide, indicates that approximately two-thirds of 168 North American executives surveyed believe Big Data will be an issue over the next five years, and one that needs to be addressed so the organization can make informed decisions.

They consider their companies as data-driven, reporting that the collection and analysis of data underpins their firm's business strategy and day-to-day decision-making.

Fifty-five percent are already making management decisions based on "hard analytic information." Additionally, 44 percent indicated that the increasing volume of data collected by their organization (from both internal and external sources) has slowed down decision-making, but the vast majority (84 percent) feel the larger issue is being able to analyze and act on it in real-time.

Sponsored by

CURRENT ARTICLES

ETT proposes Del Sol to JackieHoward transmission line in South Texas

10/23/2014 Electric Transmission Texas is planning to construct a new $24.5 million, 345-kV transmission line to connect the 200 MW L...

Gamesa delivers 74 MW wind farm to Grupo Mexico

10/23/2014 Gamesa currently has 1 GW of installed wind capacity in Mexico, with another 70 MW in the pipeline at the Dos Arbolitos pr...

Heat wave tests Bolivia power grid

10/23/2014

Electric power consumption last month totaled 658 GWh, up 13 percent compared with September 2013 

Energate collaborates with PowerStream in dynamic pricing project

10/23/2014 This is the second time Energate has been selected to receive funding through the Ministry of Energy’s Smart Grid Fund, wh...

Southern Co. unit buys California solar power facility

10/23/2014 The project will consist of more than one million thin-film PV solar modules mounted on single-axis tracking tables manufa...

Samsung, Earth Networks partner on energy efficiency with WeatherBug Home

10/23/2014 Texas pilot program to combine WeatherBug Home’s virtual energy audits with Samsung’s customized service plan recommendati...

Acciona to build 45 MW wind farm in Chile

10/23/2014

The addition of Punta Palmeras will bring Coquimbo's total installed wind capacity to 552 MW 

ON DEMAND WEBCASTS

Architecting Communication Networks for Smart Grids

This webinar will provide the essentials of communication networking to meet the challenges of th...

The Power of Behavioral Design: Lessons for Energy Efficiency Providers

Behavioral design principles are key differentiators when it comes to influencing consumer behavi...

3D BIM for Substations—Driving Efficiency from Design Through Operation and Maintenance

In this webinar, PESTECH will describe their transition to intelligent substation design and its ...

High Availability Networks. Application of IEC6439-3 Protocols for IEC61850 Process Bus implementation

Networks can now be built for the first time with genuinely uninterrupted data communication betw...

Understanding Moisture Dynamics in Power Transformers

While the need to measure moisture in power transformers has been well documented and is universa...

EL&P BUYER'S GUIDE PRODUCTS

MITEM Corp

Provides CRM solutions for regulated U.S. public utilities. The product, MitemView integrates differently designed systems to share critical data a...

Resources on Demand

Manages resource requests, tracks personnel movements, and supports lodging/logistics during a power restoration event.

Smart Grids

Quanta is contributing to its customers' smart grid initiatives by installing technology on power networks to provide energy management solutions f...

Horizontal Directional Drilling

With 28 small, mid-sized and large drilling rigs, Quanta Pipeline Services is one of the largest horizontal directional contractors in the world fo...

FEATURED ENERGY JOBS

View more Job Listings >>

POWERGRID International

April 2014
Volume 19, Issue 4
1404pg-cover

ELECTRIC LIGHT & POWER

January 2014
Volume 92, Issue 1
cover