According to Gartner’s Doug Laney, some 80% of executives believe the value of their company’s data is reflected on their balance sheet, yet this increasingly valuable asset is rarely managed with the same discipline, principles and practices as financial or human capital or physical assets. How can a business bridge this gap? (more…)
By 2024, we’ll have a fully established Information Economy where data is critical to businesses looking to predictively spot new opportunities to gain a competitive edge. Standards-based information will be sold, donated and traded on open exchanges. Data marketplaces will facilitate the transfer of data in and out of siloes more fluidly and people will start to broker their own data. We’re already seeing many signs of this – but it’s only the beginning.
Within this landscape, your company’s data is important – that’s obvious. But just how important is it? How can you measure its value? (more…)
Earlier this morning I presented at the first ever EnterConf conference in Belfast, Ireland. The event “brings innovators who are building the business technologies of the 21st century together with IT leaders from the world’s largest and most-established companies.”
My keynote focused on the emerging area of enterprise data value. I began with a quote from a recent Big Data report by Capgemini and EMC.
Among our respondents, 63% consider that the monetization of data could eventually become as valuable to their organizations as their existing products and services.
Let’s try and build a sensible definition of the phrase “well-run hybrid cloud.”
Many IT departments would argue that they have created a “well-run internal cloud.” This means, for example, that they can place a checkmark next to five common cloud characteristics (as defined by the National Institute of Standards and Technology or NIST):
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