We already know comms execs are skeptical of the info they work with, and the info managers who present it, and now new analysis from information integrity agency Exactly, in collaboration with Enterprise Software Analysis Centre (BARC), finds a extra systemic concern.
The newly launched Way forward for Knowledge Structure research reveals main discrepancies in how information structure and administration is considered throughout organizations—with central information and analytics groups typically glad with the longer term viability of their information landscapes, however enterprise customers unconvinced that current structure is fashionable sufficient to fulfill consistently evolving enterprise wants.
The report additionally exhibits that whereas 70 p.c of enterprise customers imagine that applied information and analytics functions don’t cowl their present or future necessities, solely 32 p.c of central information and analytics groups share the identical sentiment. Moreover, 52 p.c of enterprise customers agree that current information is not appropriate for mandatory enterprise evaluation, in comparison with solely 36 p.c of central information and analytics groups. The outcomes present a transparent disconnect between information and analytics groups and their key stakeholders—with enterprise customers unable to depend on trusted information for assured decision-making.
Stakeholders assume the evaluation instruments aren’t the limiting issue, however slightly the info panorama:
“As companies more and more concentrate on turning into extra data-driven, they’re being confronted with big volumes of information being generated at accelerated charges,” mentioned Emily Washington, senior vp—product administration at Exactly, in a information launch. “The report clearly signifies a rising want for organizations to make sure that current information administration and structure can meet, and adapt to, the fast-changing wants of the trendy enterprise. If organizations are missing a transparent technique for information integrity, they’ll rapidly discover that the info fueling their most essential selections is inaccurate, inconsistent, and missing important context.”
The analysis additional reveals the important thing challenges highlighted by enterprise managers, together with extensibility of actual or near-time necessities (41 p.c), comprehensibility of the info panorama or structure as an entire (39 p.c), and suppleness of prolonged information necessities (32 p.c).
Knowledge tradition doesn’t solely concern information shoppers:
The primary drivers for modernization are the optimization of current information fashions and processes, migration to cloud platforms, and efforts to enhance the standard of supply information or information interfaces.
Regardless of going through challenges with rising volumes of disparate information sources, the analysis revealed that fifty p.c of organizations are persevering with to depend on information warehouses as a design paradigm when redesigning their information architectures. Nonetheless, executives and enterprise customers criticize the truth that centralized approaches can’t forestall the emergence of additional information silos. Due to this fact, firms need to enhance their supply information to streamline their information pipelines and construct a greater foundation for information virtualization.
“It’s encouraging to see that enterprise leaders are more and more targeted on breaking down information silos, bettering the standard of their information, and enriching it for max context. To realize these objectives, organizations should implement a sturdy technique for information integrity—combining information integration, information governance and high quality, location intelligence and information enrichment to supply a basis of trusted information that may be shared throughout the enterprise,” mentioned Washington. “Whether or not the group must automate decision-making, transfer quick and cut back prices, or handle threat and adjust to advanced rules—a contemporary, and future-proof, information structure is essential to remaining agile in difficult occasions.”
Most modernization efforts comply with previous ideas:
Obtain the complete report right here.
The research was primarily based on the findings of a world-wide on-line survey performed in March and April 2022. 268 responses had been analyzed for the report, with world illustration as follows: Europe (52 p.c), North America (35 p.c), Asia and Pacific (8 p.c), South America (3 p.c) and Africa (2 p.c). The audience was primarily information and analytics leaders or government/C-Degree roles, with illustration throughout a number of industries—together with IT, banking and finance, public sector, and retail.
