Data is an all-encompassing part of every significant business today. Learn how your business can take a collaborative approach to identify and solve essential data needs.
Data integrity. Data storage. Data security. Data regulation. Data leverage.
Data is at the heart of the business today. It’s driving everything from how companies collect and store information to how they use it to advance business goals.
Consider, for example, a recent Gartner report that noted there would be 5.8 billion endpoints as part of the Internet of Things by the end of 2020 in the enterprise and automotive sectors, a one-year increase of 21 percent. The most significant segments will be in utilities (1.37 billion endpoints), physical security (1.09 billion), and government (700 million). That’s a staggering number of objects generating trillions of data points daily.
What does that mean for business in 2020? That companies need to have a clear handle on how to collect, store, govern, and protect data that they, their customers, and their products generate. With all that information comes risk and opportunity for extraordinary transformations, if companies ask the right questions and act quickly to leverage the potential.
The key is collaboration across the business landscape.
Business intelligence is the practice of using technologies, policies, and strategies to harness information. Better business intelligence means better decisions and better business outcomes.
Before embarking on a BI strategy, it’s critical to engage groups from across the business to ask the big questions it will take to optimize the opportunity. Among the key questions to ask are:
Gathering insights and a more profound understanding around the table helps your organization gain a foothold into what data are available and which still need to be collected and analyzed.
Data governance is a vital part of your IT governance strategy. You want to build a governance structure that outlines clearly the way data is used within the organization. Among the critical components of a reliable data governance platform are:
Data governance is a powerful way to unify the way data is used and secured, leading to a unified understanding of its role and impact.
With so much data coming into and generated by businesses today, it’s critical to think differently about data optimization. Internal data centers are no longer enough to store and use massive quantities of information.
Companies are increasingly using cloud and multi-cloud strategies to leverage the unique features of different vendors. Automation, edge computing, AI, and blockchain technologies applied to data help companies find new ways to harness the power contained in all those bytes.
At Fuelled Networks, we help businesses harness the power of data. From cloud migration and consulting to IT security, our solutions solve your most significant data challenges. To learn more, contact us today.
Published On: 25th February 2020 by Ernie Sherman.