from Gartner Top 10 Data and Analytics Trends by 2023 highlighted a global focus on generating more business value from data, a trend we are also seeing in South Africa. On-premises, we are seeing demand not only for better business value from data, but also for the ability to achieve control and visibility of data, consistently, across hybrid, multi-cloud, and on-premises environments.
Changing data trends
Data sharing has become essential, with the need to assemble and enrich the underlying data, apply continuous analytics on top of the metadata, and enable consumers to become creators.
A platform-to-ecosystem theme has come up in South Africa, where we see customers looking to optimize the value of data and become proactive rather than reactive. For local businesses, it has become crucial to optimize the value of data by linking it to business priorities. For that to be effective, we must first ensure that clean, reliable data is available quickly and easily and that all distributed data is available in real time or as close to real time as possible.
We also see organizations looking to reduce the footprint of their data centers, with a smaller, more powerful infrastructure that is likely to minimize energy utilization due to reduced load.
A solution for changing needs
To meet these changing needs, a solution like Yellowbrick’s cloud data storage combines open architecture and industry-leading economics, efficiency, and performance to simplify and modernize analytics and give organizations complete control over data. . Yellowbrick can live within the cloud-native application, simplifying architecture and reducing latency so data is available faster in the cloud, in the data center, or at the edge. Yellowbrick is the modern data warehouse designed to solve today’s analytics challenges and offers full elasticity through separate compute and storage.
yellow brick minimizes the path of data at rest to the CPU to give companies faster responses, allowing them to be more proactive. Customers who migrate to Yellowbrick end up run analytics on up to 97% less infrastructure than before, reducing costs.
cultural changes
It should be noted that digital transformation and the move to derive true business value from data requires cultural change as much as technological change.
In “The culture of data leaders” by Keystone, research shows that cultural themes that distinguish leaders from laggards include adopting a growth mindset toward risk and continuous learning, a belief that data is critical to enabling organizational evolution , the use of data to create a transparent and collaborative environment, and the use of data as the metric to measure against performance.
Leader behavior, as described in the Keystone report, has also become a top trend in the new Gartner report. Under three key themes—thinking like a business, platforms for ecosystems, and not forgetting humans—we see Gartner breaking down the trends enabling value optimization and data sharing. We believe that it is from a cultural perspective that these trends will really take effect.
European analyst firm BARC’s Data Trends, BI & Analytics Monitor 2023 The study’s findings echo this sentiment, with the establishment of a data culture ranking second only to data quality and master data management as the biggest trend of the year.
Developing a data culture means not only raising awareness of the power of data and empowering users in the organization to analyze it, but also developing a culture of security and compliance. The more data that is available to users, the better. But this transparency is not without risk, so organizations need to have a robust data governance framework in place, new roles and responsibilities need to be created to strengthen security, risk and compliance, and users across the organization. They must be trained to handle data. responsibly
- The author, Chris Pallikarides, is CEO of ITBusiness, a KID Group company and Yellowbrick’s data storage partner in Africa.
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