More than one-third of Hong Kong enterprises still have no plans to implement big data technology despite recognizing its benefits, according to a poll conducted by EMC Hong Kong.
The company conducted a poll in July with 133 registered participants of Hong Kong's EMC Forum.
Announced last week at the event, poll results indicate 83% of IT and business executives agree that big data will lead to better decision making. Many also recognize that big data is the key to becoming industry winners (45%) and achieving competitive advantage (31%), while 51% agree that the technology helps protect their businesses by identifying and preventing cyberattacks.
"With conversations around a much slower economy, businesses in Hong Kong are increasingly seeing transformative benefits of using analytics," said Gabriel Leung, general manager of EMC Hong Kong Macau.
But 35% of local enterprises have no plans for implementing big data technology. The top inhibitor for big data deployment is the lack of clear business case or proven ROI (28%). The other two major challenges are cost and the lack of understanding.
The adoption trend appears to match with CWHK's big data survey, in which 40% are without plans for big data implementation. But the adoption challenges in CWHK's survey were more related to data management -- poor integration among data management tools (49%) and poor data quality (40%).
When compared with other countries in the region, the EMC poll indicates Hong Kong lags behind Korea -- only 19% indicate they have no plans for big data adoption -- but is better than Malaysia (41%).
Transformation drives efficiency
When it comes to general IT spending, the top three drives to transform IT systems and infrastructure among Hong Kong enterprises are business process efficiencies (53%), improved governance (20%), and innovation (17%).
Although 67% state that they have the right skill and knowledge to deal with their current business priorities, 75% are concerned with keeping their skills up with tech innovation over the next three years.