Big Data Triggers Business Priority Shake-up, According to new Ricoh Study

Big Data Triggers Business Priority Shake-up, According to new Ricoh Study PR Newswire LONDON, September 19, 2012 LONDON, September 19, 2012 /PRNewswire/ -- [1]Emerging trends such as big data have triggered a major shake-up of business priorities, according to a new study from Ricoh Europe. The report, conducted on behalf of Ricoh by Coleman Parkes, entitled Ricoh Document Governance Index 2012, has been compiled from 1,075 interviews amongst C-level executives, directors and other employees in Europe. It investigates how document processes - the processes that keep employees on board, cash flowing, and legal requirements satisfied - are being managed, comparing the findings to a benchmark set in 2009. The report reveals the major global trends impacting businesses operations. These include big data, with 91 per cent of respondents citing the increasing amounts of data they now face as having the most impact on their ability to manage critical processes within their businesses, taking focus and resource away from revenue generating activities. Businesses also identified managing multiple vendors and emerging high growth economies as having a major impact on their organisations, which has in-turn created further amounts of data that they are required to manage. Crucially, these trends have had a radical impact on business priorities.