Connect with us

Hi, what are you looking for?


Report: 75% of data teams say that outdated migration can cost orgs up to $43M

Untitled 3 01

Join today’s leading executives online at the Data Summit on March 9th. Register here.

With the acceleration of digital transformation efforts and cloud migration during the pandemic, a recent survey from Matillion and Vanson Bourne looked to uncover the root cause of why enterprise organizations struggle to keep up with the complexity and volume of data. Results revealed that 75% of data teams believe that outdated migration and maintenance processes are costing their organizations time, productivity, and money — potentially at an annual price tag of up to $43.5 million. 

As companies navigate their new normal in a hybrid environment, they must harness the power of their data and support those responsible for managing it. This will allow organizations to get to the data-driven insights needed to push forward into the future and away from outdated processes. 

But it’s not just the growth in data volume. Certain data types are being left behind, and data teams have new (and growing) blind spots, which is leading to significant information gaps within organizations. Nearly 40% of data teams surveyed admit they don’t fully understand how data is being used in their organizations, and 44% worry about the challenge of dealing with the diversity in the types of data they work with. Cloud data (32%) and IoT data (31%) were found as the most commonly unavailable or unsuitable sources for business intelligence and analytics. These newfound information gaps and blind spots hinder an organization’s ability to scale and limits its critical thinking. To elevate the business and propel it into the future, organizations must overcome these challenges and solve growing information gaps among data teams.

Untitled 3 01

This survey was conducted in partnership with Vanson Bourne throughout July and August 2021. Matillion surveyed 450 data professionals who work full-time at a range of public and private sector enterprises (more than 500 employees or upwards of $250 million in revenue) and are based in the U.K. (150) or U.S. (300). Respondents included data decision-maker and data user titles. The interviews were conducted online and were undertaken using a rigorous multilevel screening process to ensure that only suitable candidates were given the opportunity to participate. Unless otherwise indicated, the results discussed are based on the total sample.

Read the full report by Matillion and Vanson Bourne.

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More

Source link

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply


Online Business Success

Growth is something every business wants to achieve — but there’s no denying that some businesses are a lot better at it than others....

Loan And Finance

NIG – Create the right soulutions for your clients – Skyscraper live 24 May 2022 Source link

Loan And Finance

NIG – Create the right soulutions for your clients – MPU live 24 May 2022 Source link

Top Stories

Crypto derivatives exchange and nonfungible token (NFT) platform FTX is reportedly in the market for brokerage start-ups as part of its recently announced plans...

Loan And Finance

MS&AD Insurance Group Holdings, the parent firm of MS Amlin, has revealed its business results for the year ended March 31, 2022....

Top Stories

It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...