More than 20% report that their projects have already improved both the quality and speed of decision-making, and 59% said that improving decision-making quality was the top goal for these projects. Some 53% deemed making quicker decisions the primary driver.
That's not to say these projects are without challenges. Nearly 40% cited the skill shortage -- finding the right people -- as a top challenge to their big data initiatives, an issue that stayed the same across all sizes of company. Only 18% currently employ a data scientist, but 27% said they plan to hire for the position over the next 12 to 18 months.
Other key findings include:
20% plan to spend between $1 million and $10 million on big data projects in the next year; another 9% will invest $10 million or more...."