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Over half of UK organisations are struggling to extract insights from their data, with CIOs pointing the finger at inadequate systems and platforms

Over half of UK organisations are struggling to extract insights from their data, with CIOs pointing the finger at inadequate systems and platforms

Research published this week by Hitachi Data Systems suggests over half of UK organisations are struggling to extract value from the data they collect, with many CIOs claiming that they are limited by their IT systems and processes currently in place.

“IT-accelerated’ businesses use technology as a strategic asset, helping them to derive intelligence and mobilise information, enabling them to be more competitive,” said Hicham Abdessamad, executive vice president, global services at Hitachi Data Systems.

“Organisations that take a ‘Business Defined IT’ approach to information, leveraging it beyond its primary and intended use, and connecting it with other datasets, will lead the way with innovation, and benefit from the creation of new revenue streams.”

The Hitachi Data Systems research, which included a survey of 200 senior UK IT decision makers and CIOs with organisations of over 1,000 employees, suggests 90 per cent of CIOs agree that IT’s traditional approach to storing and managing information is preventing their businesses from leveraging data insights to drive growth.

Of that 90 per cent, 63 per cent suggest the primary reason for this is that information is stored in disparate systems and varying formats, making it difficult to extract value.

A whopping 91 per cent of CIOs believe IT could be doing more to support business leaders in their goal of leveraging data to fuel growth, but of those 91 per cent, 25 per cent also said CIOs don’t understand how they can extract insights from their data.

“Information can be a transformative force in business if decision-makers are able to shape what it does. By realigning the relationship between business management and IT, and tapping into the vast troves of company intelligence, organisations can quickly accelerate beyond their nearest competitors,” said Richard Gadd, regional vice president and general manager, United Kingdom and Ireland at Hitachi Data Systems.

“Organisations that view IT holistically can enable greater productivity, drive new revenue opportunities, and unleash growth potential,” he added.

The results of the research also suggest that CIOs are deeply concerned over compliance as it relates to the data they collect and believe these challenges will only increase along with accelerated growth in data volumes, an issue that has gained significant attention both in Europe and the United States as of late. 74 per cent of CIOs said they were concerned about whether existing data protection policies are capable of handling big data analytics.

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