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Tech Chiefs in Singapore Name Challenges of Using Big Data

High costs, data protection and security

February 14, 2017 | Demographics | Marketing Technology

Over 50% of CIOs and CTOs in Singapore told Robert Half Technology they found the high costs of using big data to be a leading challenge, according to a January 2017 report. With so many respondents pointing to the financial burden of big data, this challenge far surpassed all others.

Leading Challenges of Using Big Data According to CIOs/CTOs in Singapore, April 2016 (% of respondents)

However, other challenges also figured prominently, with 37% of executives naming data protection and security as a leading challenge, while 36% listed financial resources.

These same executives were also polled on the advantages of using big data. Over 50% said data-driven and strategic decision-making is a leading benefit, and nearly as many pointed to the promise of new and enhanced business models.

While big data is understandably a major drain on budgets, a leading benefit over time is that data technology ultimately reduces costs—45% of executives surveyed said so.

—Ben Clague

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