Business intelligence is today's tech priority for a reason: Information is growing at an exponential rate. Information contained in enterprises worldwide is expected to reach 120,000 petabytes by 2010, according to a new survey by IDC (a sister company to CIO's publisher). The study, commissioned by Teradata, surveyed 1,072 line-of-business executives and IT professionals in 22 countries. More on CIO.com
As information grows, the need for organizations to manage it and make it actionable grows as well. Getting that information in a timely manner-and to the right people in the right places, throughout an organization-is an important means to enterprise success.
Here's a snapshot of today's information management needs, according to the survey:
-- The amount of information is growing rapidly. Eighty-one percent of respondents say the amount of information available with which to make decisions has "grown significantly" or "increased a lot."
We've reached information overload. Seventy-five percent report feeling overloaded with information, and 40 percent rated their degree of being overwhelmed at 4 on a 5 point scale.
-- The need for timely information is more pressing.A third of respondents said access to up-to-date information within seconds or hours is critical to their companies.
CIO-Worldnews
