Harvard Business Review[i] reported that cross-industry studies show, on average, less than half of an organization's structured data is actively used in making decisions—and less than 1% of its unstructured data is analyzed or even used at all.
"What we've got here is a failure to communicate." In the 1967 Paul Newman movie classic Cool Hand Luke, that memorable line is uttered by the character "Captain" (head of the chain gang) to justify beating Cool Hand Luke, played by Newman. Captain of Road Prison 36 has just told Luke that he is wearing chains for his good—to which the prisoner cleverly responds, "Wish you'd stop bein' so good to me, Cap'n."
This year at NIWeek in Austin, Texas, I had the privilege of presenting on five killer mistakes companies make when embarking on “big data” and Industrial Internet of Things projects. In it, I also talked about how the world is turning to NI technology to allow sensors and instrumentation to better measure and analyze machine data. It turns out, sensor data does not always work well with traditional IT software, and there is a distinct lack of software tools in this area.
I have been around a long time and I remember many years ago, when I was at IBM, the big buzz word was "Open Systems". This really was code for buy anything that is not made by IBM. In fairness it was the beginning of the rise of Enterprise Unix and the push for standards so customers would not be locked into a single vendor. There was a cynical saying one of my customers use to say that made me laugh. "Anyone with an open mouth has an open system".