By Meeta Ramnani - March 14, 2019 3 Mins Read
Enterprise data contains huge growth potential which can be extracted by managing it in three steps
The volume of data that enterprises generate, affords a number of opportunities. Data has the potential to transform businesses.
According to the report, ‘Realizing the Power of Enterprise Data’ by Veritas Technology, to unlock this value of data enterprises need a strategy for data management alongside technologies that integrate with this platform to deliver it
Factors can help realize the productivity, profitability, and efficiency of strategies leveraging data are:
Cultivate a Strategic Mindset: For organizations, it is a strategic decision to decide on the way organizations want to integrate all the necessary data management capabilities together. It has to consider how the data will be managed throughout its lifecycle, and this conversation will include protection, classification, provisioning, analysis, and archiving data. This requires having an appropriate budget for investing in data management technology, and taking a structured and a phased approach.
Adopting the Right Technology: One of the biggest opportunities for enterprises is embracing a centralized strategy for data management. This would include a technology stack which is flexible enough to accommodate different types and generations of infrastructure that can migrate data from the data center to the cloud. According to the Veritas report, 43% IT decision makers agree that adopting the right technology is a key success factor for realizing the benefits of data management.
Managing Data with Data: The next step in using a strategic approach is to consider managing data with data, that essentially involves an integrated, three-step process:
These steps will help the organizations cut down costs and extract more value from their data and lead to harnessing the extraordinary opportunities for business growth that it presents
Meeta Ramnani is the Senior Editor with OnDot Media. She writes about technologies including AI, IoT, Cloud, Big Data, Blockchain across various industries with a focus on Digital Transformation. An avid bike rider, Meeta, is a postgraduate from Indian Institute of Journalism and New Media (IIJNM) Bangalore, where her specialization was Business Journalism. She carries four years of experience in mainstream print media where she worked as a correspondent with The Times Group and Sakal Media Group in Pune.
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