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Business Strategy: IDC Maturity Model Benchmark -- Big Data and Analytics in Utilities in North America

LONDON, March 27, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Business Strategy: IDC Maturity Model Benchmark -- Big Data and Analytics in Utilities in North America

This IDC Energy Insights report presents results of the first IDC BDA Maturity Model benchmark based on a study of 760 organizations including 59 utility companies at $500+ million in revenue.

"The utility industry is not as mature as some other industries in their use of analytics but has some terrific opportunities ahead. We are already seeing more utilities piloting or experimenting with big data and analytics. Given the mix of challenges facing the utility industry, we expect to see more pilots and proofs of concept going on over the next 12-18 months. So this is an opportune time for most utilities to be assessing their maturity with regard to big data and analytics. This report delivers some key insights and tools," says Robert Eastman, research manager, IDC Energy Insights, and lead analyst for the Worldwide Utility IT Strategies practice. "This BDA maturity framework developed by IDC will assist utility companies in assessing their current capabilities and to evaluate gaps in reaching higher levels of BDA maturity."

Table of Contents

IDC Energy Insights Opinion

In This Study

Situation Overview

Big Data and Analytics Maturity in Utilities Today

A Deeper Look -- BDA Maturity Model Dimensions

The Value of Investing in Improving Big Data and Analytics Maturity

Maturity Alignment

The Approach

Future Outlook

Essential Guidance

Factors with the Greatest Impact on Maturity

Actions to Consider

Align Capabilities

Focus on Business Leadership

Intent Dimension of BDA Maturity

Assess and Approve BDA Initiatives with a Formal and Enterprisewide-Accepted ROI Evaluation Method

Fund and Budget BDA Projects Annually at the Enterprise Level

Data Dimension of BDA Maturity

Focus on Data Quality

Exploit Enterprise Data Assets

Technology Dimension of BDA Maturity

Work with Users to Understand and Use a Range of BDA Technologies

Focus More on the Types and Capabilities of BDA Technologies Rather Than Features/Functions

People Dimension of BDA Maturity

Recruit, Hire, Reward, and Retain a Strategic Blend of Skills

Complement Skills and Development with a Culture of Collaboration

Apply BDA Insights to Management Decision Making

Process Dimension of BDA Maturity

Start with Strategy and Planning

Focus Also on Information Management and Application Development

Data Analysis and Information Consumption -- The Last Mile of BDA Success

Learn More

Related Research

Methodology

Survey Respondent Segmentation

Categorization of High Achievers and Low Achievers

Synopsis

Table: Top 10Traits of Big Data and Analytics High Achievers

Table: Units Taking the Lead in Big Data and Analytics

Table: Sample Size and Selection Criteria of Research Participants by Industry

Figure: Big Data and Analytics Maturity Distribution Across Stages: Utilities

Figure: Big Data and Analytics Individual Dimensions Maturity Distribution Dashboard: Utilities

Figure: Comparison of Big Data and Analytics Maturity Between High and Low Achievers Dashboard: Utilities

Figure: Big Data and Analytics Maturity Alignment Among High and Low Achievers

Read the full report:
Business Strategy: IDC Maturity Model Benchmark -- Big Data and Analytics in Utilities in North America
http://www.reportbuyer.com/energy_utilities/misc_energy_utilities/business_strategy_idc_maturity_model_benchmark_big_data_analytics_utilities_north_america.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=NoCategory

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

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