by Angela Guess
Jessica Davis recently wrote in InformationWeek, “Many organizations are still in transition as they look at the data they have, the data they want to add, the products and services they want to create with that data, and what infrastructure and tools they need to accomplish those goals, according to Randy Bean, CEO and managing director at NewVantage Partners, a management consulting firm that works with C-level executives at many financial services firms in the Fortune 1000. ‘The past five years have been about big data,’ he told InformationWeek. ‘Organizations want to bring in new sources of data. They want to create new information-based products and services.’ This week, Bean’s firm released the results of its 4th annual Big Data survey of C-level executives at a smattering of Fortune 1000 companies. Of the 44 companies participating in the survey, many of them are financial services firms and healthcare-related companies, which are two vertical market specialties for the consulting firm.”
Davis goes on, “While the survey, titled ‘An Update on the Adoption of Big Data in the Fortune 1000’ focuses on a small sample, and is described by the NewVantage as anecdotal, it does gather insights from some very high-level executives, including CEOs, CIOs, and chief data officers at big, influential companies. Participants included American Express, MasterCard, Capital One, Bank of America, Morgan Stanley, and Charles Schwab. Bean shared the results of the survey with InformationWeek. He spoke with us about the questions and concerns that he is hearing from executives at these firms today as they seek to implement big data initiatives.”
photo credit: Flickr/ [[[Matias]]]