We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

IBM: Businesses unable to analyse 90 percent of their data

Vendor warns that faster computers do not necessarily mean more intelligence

IBM has warned of a major data analysis problem among big businesses, with many unable to interpret over 90 percent of their information.

Jeff Jonas, IBM chief scientist for the entity and analytics group, was speaking as IBM opened its annual Information on Demand conference in Las Vegas this week.

Jonas said: "As computers are getting faster, organisations are getting dumber - they are now lucky to fully understand seven percent seven of their data and this is steadily getting worse."

Jonas previously ran the SRD company that provided the casino industry with the systems to tackle organised card counters, before it was acquired by Big Blue in 2005.

IBM said it is continuing to strive to offer firms data management solutions as the amount of data generated threatens to get out of control for most companies. IT is seeking to build on its BigData management, and cloud and mobile data access offerings.

Sarah Diamond, global managing partner for financial services at IBM Global Business Services, called for the banks to fully adopt data transformation programmes to satisfy the regulators and help deliver growth to their investors.

Diamond said: "The crisis in the financial services sector has continued, with the IMF estimating it has already written off $2.2 trillion through bad debts and other losses.

"Transformation is the new 'normal', data silos and spreadsheets to understand your data are no longer good enough to manage your data - firms must deliver transparency to satisfy the regulators and create business growth."

Over the course of the week IBM will be putting more meat on the bones of its data management strategy.

New BigInsights technology on the IBM SmartCloud offering will help clients make sense of massive amounts of unstructured data from a variety of sources, including social networks and mobile devices. It is estimated that 80 percent of a company's data is unstructured data, making it difficult to manage and interpret for business use.

There is also the introduction of new mobile device support with the showing of IBM Cognos Mobile software for the iPad, and the new SPSS Statistics 20.0 software will include a new mapping feature giving users the ability to add a geographic dimension to data analysis and reporting, allowing them to target, forecast, and plan by geographical areas.


IDG UK Sites

Best camera phone of 2015: iPhone 6 Plus vs LG G4 vs Galaxy S6 vs One M9 vs Nexus 6

IDG UK Sites

In defence of BlackBerrys

IDG UK Sites

Why we should reserve judgement on Apple ditching Helvetica in OS X/iOS for the Apple Watch's San...

IDG UK Sites

Retina 3.3GHz iMac 27in preview: Apple cuts £400 of price of Retina iMac with new model