“Data is not like oil. Data is like water. It is essential to life and it needs to be clean and accessible to everyone.” — Crawford Del PreteChairperson IDC
New IT study found that teams across the enterprise required automation — which also meant greater access to high-quality data. Automation adoption is on the rise. Most IT organizations centrally manage (67%) and track (59%) automation work, but as more non-IT roles require automation, organizations are turning to tools and the method doesn’t need code to satisfy the need.
The most important challenge business leaders face in developing a more efficient and productive environment with the use of automation are data silos. Data silos exist because of the lack of integration and orchestration needed across different applications and business processes. New research shows that application growth continues with organizations using an average of 1,061 different apps. Only 29% of these apps are integrated. The resulting data silos are a barrier to creating integrated user experiences for 90% of organizations.
Organizations spent an average of $4.7 million on custom built-in labor over the past 12 months, up from $3.6 million last year. Integration impedes digital transformation for 80% of organizations This number rises to 90% for organizations that are behind their expected digital transformation. Today, there are a number of different data integration challenges that organizations face. These include incorporating data-driven insights into user-facing applications (77%), moving data from the source system into the data warehouse (75%), and reusing sources data across different user-facing applications (72%).
look forward guess involved in digital transformation and data usage find that organizations will increasingly automate data-driven decision information to reduce the enormous costs of wasted opportunities.
As part of their composable strategy, organizations will focus more attention on structuring data to reduce wasted business opportunities resulting from poor or no decisions. timely by extracting value from locked data.
Study from IDC shows that companies will increasingly automate data-driven decision information to reduce the enormous cost of wasted opportunities. According to IDC, business intelligence can help improve finances, employees, customers and deliver results, driving digital resilience, agility and innovation in processes.
In fact, the 60% of organizations that scored the highest on the BI scale experienced major improvements in decision-making. That’s compared to just 1% of those with poor corporate intelligence.
By embedding analytics into this data structure, organizations can automate decision making, helping them dynamically improve data usage and cut data management efforts by 70%. , speed up the time to reach the value. Nearly 80% of organizations in some industries will be digital dependent by 2023, leading to a massive increase in data flows in the industry ecosystem.
ONE survey of more than 1,000 IT leaders also reveal the importance of data to enterprise collaboration. The survey highlights the need to improve the necessary collaborative processes between IT and business teams. IT is no longer just a technology enabler; IT now solves business-critical problems, addresses key business goals, and helps develop a competitive advantage with technology. This shift requires business and IT teams to work more closely together to achieve strategic goals. However, 98% of IT leaders think that the workflow between the IT team and the business can be improved.
“Measuring is great. Unless you’re busy measuring what’s easier to measure than what’s important.” — Seth Godin
A new global survey of 10,000 business leaders across 10 countries (US, UK, France, Germany, Japan, AUS, SG, IN, BR, MX) shows business leaders though know the use of data is important to their business, but most don’t use its power to improve decision speed and positive business outcomes.
Here are 10 key findings from Sales forceResearch untapped data of:
- Eight out of 10 business leaders say data is crucial to decision making at their organization today.
- More than two-thirds (67%) of business leaders do not use data to determine pricing that is consistent with economic conditions, such as inflation.
- Less than a third (29%) are using data to inform their strategy when launching in new markets.
- Only 17% of business leaders are using data to help guide their climate goals.
- Focus on improving results: 72% of business leaders say data helps people focus on what’s important and relevant to the business.
- Reducing time to value is a function of quality data: 73% agree that data helps speed up decision making.
- Trust, but need verification: 73% believe data builds trust in business conversations.
- Simplifying data and making it easier to access remains an obstacle in business: 41% of business leaders say they lack data literacy because the data is too complex or inaccessible.
- An investment in data literacy is an investment in your stakeholder success: 73% of companies are planning to continue or increase spending on data skills development and training for their employees. pellets.
- Reaching your company’s full data potential is not a destination, it’s a journey. Almost a third (30%) are overwhelmed by the expected amount of data double size to 2026.
Based on Francois Ajenstatproduct manager at Scenes, smart decision is about helping people make better decisions that lead to better results. “The businesses that thrive in the next five to 10 years are the ones that focus on improving the decisions they make and delivering better results, not just better data,” Ajenstat said. “.
Business leaders must continue to invest in the people, processes, and technologies that improve the use of data so they can improve the speed of decision making to deliver value at the speed it needs. Businesses that can grow and stay relevant are businesses with a data-driven mindset and culture.
