Report: 78% of data management professionals struggle to identify cloud data
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A new study commissioned by Capital One from Forrester, titled New Data Management Models Are Critical to Operating in the Cloud, shows that as companies move more data to the cloud, they must rely on a responsible data management to drive positive business outcomes in the face of exponential data growth.
One of the biggest data challenges facing decision makers today is understanding the complexity of their organization's data sets, with 78% citing the lack of data cataloging as a challenge major. Without data cataloging, decision makers struggle to understand what data they have, how the data is used, and who owns the data.
< em>Image credit: Capital One.This leads to other key challenges, such as poor data quality (80%), difficulty understanding the data (76%) and the m low data observability (74%).
Cloud Data Management ChallengesMore than eight in 10 data management decision makers (82%) cite cost forecasting and control as a challenge for the data ecosystem. Usage-based pricing models coinciding with cloud computing introduce month-to-month cost variability. What was once meticulously planned and budgeted onsite is now unpredictable.
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register hereAs the volume and use of data increases, opacity hampers both financial accounting and opportunities to optimize costs. Without the ability to forecast and manage cloud costs, decision makers can quickly find themselves overspending.
The continued shortage of cloud talent is also affecting data management. Decision makers say they don't have enough people, internal expertise, or cross-team collaboration and tools to achieve the desired results.
Cloud opportunitiesAccording to survey respondents, data protection, data quality, and infrastructure management will remain key features for the foreseeable future, but decision makers expect a change in the next one to two years. Specifically, investment in rights is expected to nearly double (17% today; 31% in one to two years).
Going forward, data protection and security will remain a top priority for investments in cloud data, along with tools that make it easier to find and use data and those that reduce and manage costs.
As 74% of decision makers who begin their organization's cloud journey move more data to the cloud, they face key challenges to ensure they get the most out of their data and can leverage this data at scale, gain agility, increase profitability and make more informed decisions. Companies that don't will miss out...
Couldn't attend Transform 2022? Check out all the summit sessions in our on-demand library now! Look here.
A new study commissioned by Capital One from Forrester, titled New Data Management Models Are Critical to Operating in the Cloud, shows that as companies move more data to the cloud, they must rely on a responsible data management to drive positive business outcomes in the face of exponential data growth.
One of the biggest data challenges facing decision makers today is understanding the complexity of their organization's data sets, with 78% citing the lack of data cataloging as a challenge major. Without data cataloging, decision makers struggle to understand what data they have, how the data is used, and who owns the data.
< em>Image credit: Capital One.This leads to other key challenges, such as poor data quality (80%), difficulty understanding the data (76%) and the m low data observability (74%).
Cloud Data Management ChallengesMore than eight in 10 data management decision makers (82%) cite cost forecasting and control as a challenge for the data ecosystem. Usage-based pricing models coinciding with cloud computing introduce month-to-month cost variability. What was once meticulously planned and budgeted onsite is now unpredictable.
EventMetaBeat 2022
MetaBeat will bring together thought leaders to advise on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA.
register hereAs the volume and use of data increases, opacity hampers both financial accounting and opportunities to optimize costs. Without the ability to forecast and manage cloud costs, decision makers can quickly find themselves overspending.
The continued shortage of cloud talent is also affecting data management. Decision makers say they don't have enough people, internal expertise, or cross-team collaboration and tools to achieve the desired results.
Cloud opportunitiesAccording to survey respondents, data protection, data quality, and infrastructure management will remain key features for the foreseeable future, but decision makers expect a change in the next one to two years. Specifically, investment in rights is expected to nearly double (17% today; 31% in one to two years).
Going forward, data protection and security will remain a top priority for investments in cloud data, along with tools that make it easier to find and use data and those that reduce and manage costs.
As 74% of decision makers who begin their organization's cloud journey move more data to the cloud, they face key challenges to ensure they get the most out of their data and can leverage this data at scale, gain agility, increase profitability and make more informed decisions. Companies that don't will miss out...
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