By now, you’ve heard the good news: The business world is embracing data-driven decision making and growing their data practices at an unprecedented clip. The pandemic may have forced their hands, but they’ve seen the value of data and will never go back to making decisions based on hunches.
Here is the so-so news: They’re moving so fast that they’ve amassed more data than they can analyze. Organizations, on average manage, 10 times more data than they did five years ago. They are struggling to use their data in a way that is efficient, compliant, intuitive, and secure.
What if the problem isn’t in the volume of data, but rather where it is located—and how hard it is to gather? After all, the average enterprise has 900 applications, but only one-third of them are connected. Nine out of 10 IT leaders report that these disconnects, or data silos, create significant business challenges.* These commonly include cost inefficiencies, data integration errors, missing, or inaccurate data, and culminate in an overall lack of trust in data.
Therein lies the opportunity that businesses have today. If they connect their siloes and harness the power of data they already gather, they can empower everyone to make data-driven business decisions now and in the future. The way to get there is by implementing an emerging data management design called data fabric.
What is a data fabric design?
A data fabric is an emerging data management design that allows companies to seamlessly access, integrate, model, analyze, and provision data. Instead of centralizing data stores, data fabrics establish a federated environment and use artificial intelligence and metadata automation to intelligently secure data management.
As leaders continue to refine strategies to elevate productivity and ma