Building a Unified Data Infrastructure

Today, most businesses aspire to be insight-driven. A case in point: virtually all enterprises (97%) these days have a documented data strategy. Although many different business objectives are driving these strategies, the objectives most often mentioned are improving the decision making of business users, uncovering customer preferences and patterns, and increasing operational efficiency.

Yet only 31% of businesses claim to have managed to evolve into “data-driven organizations,” and only 28% say they have built “data cultures.” On every metric except driving innovation with data, firms ranked themselves as failing to transform their businesses:

• 71.7% of firms report that they have yet to forge a data culture.

• 69.0% of firms report that they have not created a data-driven organization.

• 53.1% of firms state they are not yet treating data as a business asset.

• 52.4% of firms declare they are not competing on data and analytics.

Companies are gathering and storing a lot of data, but the biggest obstacle to becoming data-driven is that they lack the right software tools to collect and synthesize this data, according to Prevedere’s 2019 Executive Survey.

Capturing value from data requires excellence in your operating model, or the people, processes, and systems used to manage your data. Within systems, this means having access to the right data infrastructure.

Data infrastructure is a digital infrastructure that enables seamless sharing ...