'Over-reliance' on historic data puts projects at risk
Commercial organisations in the UK are lagging behind their European counterparts in their use of real-time data to better inform competitive decisions. A survey by Progress Software found that 70 per cent of businesses polled have ‘no intention’ of analysing their data in real time, and rely on retrospective business intelligence for critical market data.
The results of the study – which surveyed CIOs, senior IT managers and department heads across 500 European businesses – indicate that the UK is lagging behind in its use of complex event processing (CEP), the technology developed to address the data throughput needs of real-time data processing and analytics, Progress says. Results from the rest of Europe demonstrated that a significantly larger number of respondents from France, Italy, Switzerland, Sweden and Germany say they have implemented, or plan to implement, CEP within their organisations.
The survey, conducted by Vanson Bourne Research in March 2008, polled 500 blue chip companies in a number of industries across Europe to assess enterprise IT capabilities in today’s fast-moving and complex business environment.
The sample was made up in equal parts of 250 CIOs/IT directors and 250 business leads and departmental heads.
“In 2008’s complex business environment, many organisations suffer from information lag – increasing amounts of data about customers, competitors, market conditions and operations makes detection and understanding of key events increasingly difficult, particularly if the information becomes out-of-date very quickly,” commented Giles Nelson, Progress Software’s EMEA. “Competitive advantage is often sewn up today by the first movers.”
The surveys were conducted across Belgium, Finland, France, Germany, Italy, The Netherlands, Spain, Sweden, Switzerland, and United Kingdom; it covered businesses in financial services, manufacturing, professional services, retail, telecommunications, travel, transportation and logistics.
Further information: www.progress.com