UK organisations expect big data initiatives to take an average of 18 to 24 months before seeing a significant return on investment, according to research by V3's sister site Computing.
An in-depth survey of hundreds of organisations* asked in what period of time they expect to see a sufficient return on investment to qualify a big data initiative as a success.
Some 38 percent of respondents said that they would expect it to take two years, while 27 percent said one year and 24 percent said three years. Just five percent of respondents said five years, while four per cent said more than five years.
In addition to the quantitative study, the survey interviewed executives and other IT decision makers by phone, and in face-to-face interviews and focus groups, giving the chance for many of the respondents to explain the reason for their answers.
"You expect to see a shift in your underwriting results, but that's at an absolute minimum a two-year timeframe," said the global head of an insurance company.
The research also found that Apache Spark is catching up with Hadoop as the primary big data platform, and one of the findings of Computing's own research into big data use at UK companies is that organisations are still struggling to recruit big data specialists with the right level of understanding and experience.
*More than 500 IT workers responded to a quantitative nationwide study among companies with 100 or more employees from different sectors. Respondents included chief technology officers, chief information officers, chief operating officers, chief executives, IT managers, developers and other IT decision makers.
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