Big data ‘high on the agenda’ for European firms

Companies across Europe are set to devote more resources to big data analytics developments this year, with a growing number of firms investing in advanced technologies to make the most of their information.

The annual TechTarget/Computer Weekly IT Spending Priorities survey for 2015 revealed data management and analytics emerged as a stronger focus for this year compared with 2014. More than a quarter of respondents (26 per cent) indicated they plan to invest in business intelligence and data warehousing solutions.

Interest in advanced technologies to make the storage and processing of large data sets easier is also on the rise. The survey found around one in eight companies (12 per cent) said they are looking to engage with solutions such as NoSQL, columnar and in-memory database technologies.

On a national basis, German and French firms were found to be slightly ahead of their UK counterparts when it comes to effective management of their information, with 18 per cent of German organisations and 13 per cent of French respondents performing big data analytics.

This compares to ten per cent of British enterprises, although companies in the UK are more likely to express an interest in advanced database technologies than their German counterparts (11 per cent compared with five per cent). However, the French are leading the way in this regard, with 14 per cent of firms focusing on this.

Other findings of the survey included a greater interest in data governance solutions, something that is gaining interest across the continent in response to tighter rules from the European Commision on the sharing and security of data.

In 2014, 13 per cent of businesses said they were looking to invest in this area, but this has climbed to 17 per cent this year.