All organizations strive to gain operational efficiency and competitive advantage using data and analytics. The combination of cloud computing and advanced analytics has lowered the cost of storing and processing large volumes of data with a view to identifying new business opportunities and responding to competitive threats.
Accumulating large volumes of data is a starting point, but the accumulation itself does not directly translate into intelligent decision-making. To do so, organizations must ensure that the right people have quick and easy access to the data required to make informed business decisions. This data must be pertinent, accurate and reliable, and should be ingested, integrated, prepared and processed at a high speed to facilitate decisive and accelerated decision-making.
Ensuring trust in data is more critical than ever given the proliferation of intelligent applications driven by generative artificial intelligence (AI). Generative AI promises to further lower the barriers to data-driven decision-making by automating complex and time-consuming processing tasks and providing automatically generated information and recommendations. A foundation of high-quality, reliable data is essential to ensuring that generative AI applications are delivering information and recommendations that business decision-makers can trust.
There are multiple opportunities to accelerate the generation of insight from data throughout its processing lifecycle. This starts with the initial generation of data from operational applications and data platforms, continues with data ingestion, integration and transformation pipelines, and concludes with the preparation, processing and visualization of data in analytic data platforms. Most organizations have invested in new tools and platforms to accelerate the processing of data at each of the stages of this lifecycle. The most advanced have gone one step further, adopting unified data platforms to reduce the number of tools and platforms that need to be combined to generate insight from data.
Traditional approaches to data processing rely on a complex and potentially brittle architecture based on multiple specialist products from multiple providers. To deliver insight from data, technology specialists need to manage not just the processing of data, but also the integration between multiple products. This leads to time and energy being spent on maintaining the connections between different technologies, especially as the business requirements grow and evolve. The more connections that data needs to pass through on its path from generation to business insight, the greater the potential there is for data to be lost, altered or corrupted as the environment scales to meet business demand, leading to data integrity concerns that decrease trust and delay decisions.
This issue is exacerbated by the increased use of multiple cloud providers, as well as ongoing use of on-premises infrastructure. By 2025, more than three-quarters of enterprises will have data spread
Unified data platforms can help organizations improve access to data while lowering data reliability concerns and accelerating data processing and the generation of insight. The combination of operational data processing, data integration, data preparation and analytic data processing in a single environment reduces the need for manual maintenance and management of infrastructure
Key to being data-driven is the ability of the organization to quickly respond to evolving customer needs and changing competitive environments. To do so, organizations need to have confidence that they can quickly integrate and transform data using connectors and APIs to fast-track the development of new intelligent applications infused with personalization and contextually relevant information. Organizations also need to have confidence in clear, accurate and trusted data to train and complement generative AI models and enable self-service access for users in multiple roles. All organizations that seek to deliver competitive advantage using data should explore the potential benefits of unified data platforms combining storage and processing with data ingestion, integration and transformation functionality to accelerate the realization of business insight and the generation of value from the accumulated data.