Challenges in adopting big data strategies and plans in organizations

In today's world, organizations of all types - be it in the industrial, governmental or non-governmental segments - are beginning to realize that embracing the full power and potential of big data and advanced analytics can bring significant benefits to their businesses and to the society in general. Technologies involved in big data analytics are already quite advanced and allow reaping the benefits of analytics results. However, many organizations are facing different issues in developing and adopting big data plans and strategies. Those issues can be internal and related to organizational challenges and the value of information, but they can also be related to regulatory and legal requirements. The focus of the paper will be on the above mentioned organizational and regulatory/legal challenges, and not the technology related ones.