Developing Modern Applications with a Converged Database

The mantra has changed. It’s no longer, every business is a software business—as attributed to Watts S. Humphrey, the so-called father of quality in software, and echoed by any number of tech leaders. That attitude is so last decade.

Today, every business wants to be a data business. It is generally accepted today that organizations that realize and pursue this vision will accelerate ahead of their competitors, and remain ahead, especially in uncertain markets.

But according to the 2021 “executive survey” on corporate data initiatives from NewVantage Partners:

• Only 48.5% of businesses are currently driving innovation with data.

• Only 39.3% are managing data as a business asset.

• Only 30% have a well-articulated data strategy for their company.

• Only 24.4% have forged a data culture.

• Only 24% have created a data-driven organization.

Deloitte found much the same thing when surveying executives from large enterprises in July 2019. Although 76% said their data analytics skills had matured over the previous 12 months, the majority of executives were still using traditional tools like spreadsheets (62%) and business intelligence (BI) software (58%) to analyze data.

Additionally, more than 6 in 10 (64%) organizations in the Deloitte study rely solely on structured data from internal systems. By doing this, they are missing insights they could be getting from unstructured data like email, social media, images, and audio ...