Big hopes for big data, survey says

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For companies drowning in data, extracting value from all this information is a major IT priority. But success depends on how well customers tackle significant organizational challenges.

A majority of companies have either deployed big data projects -- designed to generate more value from large volumes and a wide variety of enterprise data --or expect to eventually do so. This is according to a July 2012 survey of 1,428 visitors to CIO, Computerworld, CSO, InfoWorld, Network World and ITworld websites.

Among those with plans for big data, 54% say these projects are critical or a high priority. It's no wonder why: On average, respondents expect the amount of data they are managing to nearly double within the next year to 18 months, from 194 terabytes to 297 terabytes. Today, 19% of large enterprises -- companies with $1 billion or more in annual revenues -- manage more than 1 petabyte of data; by late 2013, some 31% expect to crack the petabyte threshold.

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