Big data next challenge for execs

Boardrooms and senior executives are increasingly overwhelmed with data that they have no idea how to analyse, according to a report from KPMG. Some 85 per cent of finance and information chiefs from large multi-national firms with annual revenues of over £600m said that they do not know how to analyse the data they collect. Execs plan to spend more on analysis to tackle the problem, with 71 per cent saying they plan to spend more than five per cent of revenues on data analysis over the next two years.