A single source of truth becomes the key

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Cloud solutions have enabled many organizations to cope with the challenges posed by the pandemic. However, they have also dramatically increased the complexity of modern digital ecosystems. Today, 92% of enterprises have a multi-cloud strategy, and 82% have a hybrid cloud system. According to Deloitte, almost all (97%) IT managers plan to use a best-practice approach, distributing workloads across two or more clouds to improve resilience and meet compliance requirements.

7. to a data-driven business
As digitalization continues to drive growth in data volumes, organizations will strive for a single source of truth where consumers can get the data they need, in the right context, at the right time.

The world is experiencing an explosion of data. More indonesia mobile database 64 ZB were created in 2020 alone, and that volume is set to grow at a compound annual growth rate of 23% through 2025, according to IDC. Yet, the challenges aren’t getting any easier for organizations looking to integrate, analyze, and act on that data. IT complexity, proprietary systems, and a lack of strategic direction all pose their own challenges.

To become a successful data-driven organization, organizations must eliminate silos across the enterprise and create a single source of truth. Business leaders can only rely on machine learning and data analytics to make sense of all the data to make better decisions.

What does it mean to be a truly data-driven business? It’s about using insights from AI-powered analytics to transform business processes. Ultimately, the goal is to improve business outcomes. According to Accenture, truly data-driven organizations experience annual business growth of over 30%. However, 81% of companies still don’t have a robust data strategy to leverage the full potential of their data, and an equal number don’t have the right platform to support their goals. API-based connectivity is increasingly recognized as the best strategy for achieving the required level of connectivity. Indeed, it can speed up project delivery by an average of three times and reduce maintenance costs by 63%.