San Mateo, Calif. – December 19, 2012 – Actuate Corporation (NASDAQ: BIRT), The BIRT Company™ – delivering more insights to more people than all BI companies combined – today released exclusive survey results in a report entitled, “Big Data Today: How Real is it?” The report finds what portion of Global 9000 firms (companies with more than $1 billion in annual revenues) are conducting Big Data projects; details their challenges and opportunities; and shows in which operational areas they plan to use Big Data insights to drive organizational improvements.
As a leader in Big Data, Actuate partners with other leaders to provide easy access to visualize, analyze and operationalize virtually all types of structured or unstructured data. The ActuateOne® platform continually evolves to address the growth and management of data that delivers insights to drive business effectiveness.
The research was conducted on behalf of Actuate by King Research. 516 survey responses were received, and 32% of those who completed the survey were employed by companies with revenue of $1B or more. The resulting report focuses on the responses from those at companies with revenue of $1B or more.
“The survey shows that 26 percent of companies with $1B+ in revenue are currently working on Big Data projects, 34 percent are in the evaluating and planning phase, while 40 percent have not evaluated or have evaluated and plan not to proceed,” said Ross King, Founder, King Research. “For the 40 percent who plan not to move forward on a Big Data project, they stated their major inhibitors were ‘not enough staff with expertise’ and the ‘expected cost of Big Data initiatives’.”
The major benefits expected by all survey respondents from their Big Data initiatives include the ability to make better decisions, faster; gain competitive advantage; improve efficiency; and improve customer targeting.Key Findings
“No matter the stage of implementation, this survey shows the concept of Big Data is here to stay, and brings to the forefront the need for intuitive, powerful BI and analytics tools that can be used by all levels of the organization,” said Nobby Akiha, Senior Vice President of Marketing at Actuate. “As seen in the research, the real challenge is how to distill this massive amount of data into something that’s digestible and meaningful – data that can be used to make qualified decisions. That’s what ActuateOne® does best – whether for the IT developers and data scientists, or for end-users who wants self-service and more independence from their IT group.”
Read the full report “Big Data: How Real is it?” at www.actuate.com/info/bigdataresearch.
Actuate provides software to more than 3.5 million BIRT developers and OEMs who build scalable, secure solutions that save time and improve brand experience by delivering personalized analytics and insights to over 200 million of their customers, partners and employees. Actuate founded and supports BIRT – the open source IDE – and develops BIRT iHub™ – the world-class deployment platform – to significantly improve productivity of developers working on customer facing applications. Actuate's BIRT Analytics™delivers self-service predictive analytics to enhance customer engagement using Big Data. The Actuate Customer Communication Suite™ empowers organizations to easily transform, process, personalize, archive and deliver high volume content and individualized correspondence. Actuate is headquartered in Silicon Valley with more than 5,000 enterprise customers in financial services, technology and government. Visit actuate.com and developer.actuate.com.
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