To begin to realise the value of data, organisation’s need to ensure data access is well-engineered and enables teams to collaborate and analyse information to generate insight. Organisations with poor data management, data silos, low-quality information and traditional data architecture will find too many obstacles to good data access. Poor data access means the value of that data cannot be understood or realised. It is for this reason that many CIOs are pursuing data strategies to ensure the organisation’s information is well structured and utilises the technologies and tools that will enable insight and, therefore, value generation.
eSynergy Solutions often discovers organisations are failing to realise the value of their data due to localised data control and ownership, but the most common factor is a lack of discovery, context and trust (provenance, accuracy and integrity), that prevents wider use of business data.
Enterprise cloud computing and the data analytics tools, built for cloud-based data management, provide CIOs and CTOs with the technology foundations for scalable and efficient data management. Apple, Alphabet, Facebook and Microsoft not only understand the value of data but have been early and aggressive adopters of the latest cloud-based data management technologies. Organisations cannot hope to compete with web-scale data-oriented enterprises using traditional data standards and technologies. You just cannot deliver agility, scale and speed. Many companies are just at the beginning of their data journey, and some will be hindered by their ability to change the culture, build technology platforms at speed and compete for talent to realise their data strategies.