However, almost half of the UK respondents bemoaned a lack of skills to get the good out of data and bewailed the time wasted by poor quality data. At the heart of the program is the speed limiting feature, which offers a variety of customisations. About 70% of respondents agreed real time data management is important. The EIU report, Big Data II: Lessons from the Leaders, surveyed 752 business professionals worldwide in March, 2012, 57 of whom were in the UK. The research found this to be particularly the case in larger companies (75%), and in companies that already quantify the value of their data on the balance sheet (80%). Dynamic Markets found that new regulation was also a factor, with 60% of companies saying that data’s role in compliance has made it more important. SAS confirmed that respondents were not aware of its sponsorship of the research, which was conducted by telephone interviews.Ībout 67% of respondents saw data’s strategic importance in helping to retain customers, and 51% defined it as in cost-cutting during the recession. About 41% of the companies have turnover of more than £1 billion, and 20% had sales of less than £249 million. Thirty-six per cent were at CFO level and 64% at director level. The Dynamic Markets research was conducted in the second quarter of this year among 100 finance professionals in large UK-based organisations with 1,000 or more employees worldwide. That was a surprising eye opener”.Īnd the crucial development, for both C-level constituencies, is the recognition of data as a financial asset on the balance sheet. This was boosted by 11,394,315 worth of restricted stock and 216,816 for other compensation. Schwartz received a base salary of 1,850,000 and 6,716,667 bonus.
In a webcast discussion allied to the research, Richard Kellett, director of marketing at SAS UK and Ireland, said: “the Dynamic Markets research revealed that nearly 60% of CFOs say their organisations are not making the most of their data. A lion’s share of his compensation, like most of the CFOs on this list, came from bonuses and restricted stocks. Only 16% of UK businesses in that survey had a well-defined data management strategy in place, and nearly half (47%) cited a dearth of analytical skills as their biggest problem.Īt a briefing to launch the triad of sponsored research, Mark Wilkinson, the new SAS UK and Ireland managing director, said that though CFOs have become more data savvy in the past five years or so, chief information officers have, if anything, seen power swing back towards them.
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