Information is – and always has been - the lifeblood of organizations and the foundation for critical decision-making, but it is more important than ever in today’s business environment.
The challenge companies are facing is that information is still commonly stored in various systems including the cloud, making it hard for them to leverage it as a keyway to create more value.
A new study from Forrester Consulting, commissioned by Oracle, evaluates the state of data management strategy, specifically in organizations across Asia Pacific (AP) and Europe and Middle East markets. The study, entitled Moving the Needle: Data Management for the Multi-Hybrid Age of IT, revealed that although 82% of the senior technology decision makers surveyed recognize that investing in the right data management strategy will lead to better business outcomes, 73% admit that they have disparate and siloed data strategies that are stopping them from providing business stakeholders with the data they need.
Further key findings include:
- 36% of the data is still hosted on-premises, 19% is hosted on a public cloud and 18% on private cloud.
- The nature of the data collected by these organizations has considerably changed – with 31% being tabular/structured and the remainder being non-tabular/semi structured or unstructured data. Of the latter, are 18% text data and the rest evenly distributed across images/video, machine generated data, streaming data, and others
- Public sector and retail show low data strategy maturity: 34% of public sector and healthcare organizations have an incomplete data strategy.
Han Chung Heng, Senior Vice President, Oracle Systems, JAPAC and EMEA said, “Organizations in Asia Pacific are making strong progress in terms of unifying data sources and getting on top of data security and governance requirements. But the study also reveals that their intense focus on these areas may be holding them back from realizing some of the benefits of multi-hybrid cloud they need right now around providing access to unique capabilities and supporting diversification. In fact, only a third of companies in JAPAC appear focused on this aspect of data management as compared to over two thirds in Europe. They need to make sense of living in a multi hybrid cloud environment as soon as possible, or risk being left behind.”
As the study shows, with increased complexity, compounded by working across different IT environments, 64% of respondents are grappling with the challenge of managing a multi-hybrid infrastructure. So, it is no surprise that 70% of organizations consider the need to simplify their IT processes as a high priority.
One issue highlighted by the study is that concerns and focus around data security and data governance are limiting businesses from gaining key benefits. According to the research, the adoption of multi-cloud data hosting is driven by the need for diversification as well as access to unique capabilities: 6 out of 10 respondents mentioned “accessing specific technology or capabilities” as drivers for their multi-cloud strategy.
However, even though 83% of firms believe that data security requirements are of high or critical priority, as they advance along their data management roadmap, half of respondents say they currently lack the ability to adequately ensure data protection and comply with security regulations.
Given these challenges, the study recommends that organizations look to their technology partners for a unified data platform that will provide end-to-end visibility across their hybrid environments, along with the security foundations that are flexible enough to meet current and future data complexities. (Source: Oracle)