by Angela Guess

A new press release reports, “NewVantage Partners, strategic advisors in big data and business innovation to Fortune 1000 businesses, has released the results of its 2017 5th Annual Big Data Executive Survey, entitled ‘Big Data Business Impact: Achieving Business Results through Innovation and Disruption.’ The 2017 Big Data Executive Survey reports what executives from 50 Fortune 1000 firms see as the key factors driving big data adoption, investment – and success. Survey respondents include top business and technology executives from such blue-chip firms as American Express, Biogen, Bloomberg, Capital One, Charles Schwab, Citi, Disney, Fidelity Investments, Ford Motors, General Electric (GE), JPMorgan Chase, MetLife, United Parcel Service (UPS), and Wells Fargo, among others. Download Survey Report here.”

The release goes on, “Key findings of the 2017 NewVantage Partners Big Data Executive Survey include: (1) Executives report measurable results from Big Data investments. Corporations are achieving measurable results and business benefits from their Big Data investments. That is the principal finding of the 2017 executive survey. A strong plurality of executives, 48.4%, report that their firms have realized measurable benefits as a result of their Big Data initiatives. A remarkable 80.7% of executives characterize their Big Data investments as successful, with 21% of executives declaring Big Data to have been disruptive or transformational for their firm. (2) Cultural challenges still remain an impediment to successful business adoption. In spite of the successes, executives still see lingering cultural impediments as a barrier to realizing the full value and full business adoption of Big Data in the corporate world. 52.5% of executives report that organizational impediments prevent realization of broad business adoption of Big Data initiatives.”

Read more at Business Wire.

Photo credit: NewVantage