Data is the currency of a digital-first organization. Becoming an intelligent organization and making data a competitive differentiator is high on European CEO's agenda. As part of their “intelligent organisation” objectives, companies are developing data programs, analytics technologies, skills, and strategies.
But becoming a data-driven organization is not accidental. There are challenges at technology, process, data, and culture level.
According to IDC research, enterprises cite data silos, lack of granular visibility, poor data quality, inappropriate technology architecture and tools, lack of skills as well as governance and compliance as top barriers.
Ad hoc adoption of cloud and poor integration with on-premises environment has resulted in data sprawl and limited visibility of data.
Other significant challenges are lack of trust in insights, lack of buy-in from key stakeholders, and complexities in integrating multiple sources of data for effective insights. As a result, 80% of time is spend on preparing, governing, searching, and managing data and 20% on analytics.
It is time to flip this ratio. C-Suites need to reimagine their data infrastructure and build a solid hybrid cloud foundation to ensure they can meet the data-driven business needs without compromising on costs, governance, and compliance.
There is a strong determination to deliver insights at scale and thrive in the digital economy. According to IDC's 2021 Multicloud Survey, European organizations have identified data integrity and quality, data availability, data mobility, resilience, and consistent data experience as top 5 capabilities essential for their data-driven journeys.
The journey to intelligence is a continuous one that requires a new generation of hybrid cloud infrastructure, data management services, and analytics platform that work in an automated and integrated manner to deliver speed, efficiency and trusted data-driven future.
Discussion topics:
Join IDC, HPE, and an exclusive group of CIOs, cloud and data experts on 4. October 2022 from 9.00-10.00 to discuss data-driven business expectations, barriers, and role of hybrid cloud in enabling a data-driven future.
Teams
June 21st, 2022
09:00 - 10:00 CEST
58 Years | 1300 Analysts | 110 Countries
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading media, data and marketing services company. To learn more about IDC, please visit www.idc.com.