While data-driven
decision making is the number-one indicator of success for today's businesses,
a new global study conducted by Dimensional Research for Fivetran, the leading automated data
integration provider, shows organizations largely unable to leverage the
ever-increasing amount of data they have on hand. According to the study, 44
percent of respondents say that key data is not yet usable for decision making
and 68 percent say additional business insights can be extracted from existing
data if they only had more time. This is largely attributed to inefficiencies
faced by data engineers, who are responsible for transforming data throughout
an organization into a format that can be easily analyzed.
Fivetran is
unveiling these and many other findings from an online survey of 543 data
professionals across five continents during today's Data
Engineer Appreciation Day, a live virtual event that brings together engineers and
professionals from around the globe to discuss the state of the industry, share
valuable insights, and celebrate data engineers.
Inefficiencies
are blamed for data engineers' woes. According to the survey:
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Nearly all participants (98 percent) have problems building
pipelines to access their data.
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98 percent of participants also say their pipelines break, with 51
percent stating it happens more frequently than once a month.
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Respondents who reported pipelines breaking daily cite source availability
and data schema changes as the top reasons.
As a result,
business suffers with data engineers spending too much time fixing and
maintaining pipelines, rather than focusing on higher-value tasks that generate
a positive impact on the business. 66 percent report reduced operational
efficiency and 59 percent report delayed decisions or lost opportunities due to
broken pipelines.
"Data engineers
are the forces behind revenue-impacting business decisions, yet they are still
burdened by the limitations of brittle, hard-to-maintain data pipelines.
Companies should be aware of the challenges these valuable employees face so
they can deliver reliable data more easily to business stakeholders," said
George Fraser, CEO of Fivetran. "Fivetran provides reliable access to data
through fully managed data pipelines and SQL transformations -- with 99.9
percent guaranteed uptime. This allows companies to put data to work and make
decisions faster, instead of spending valuable resources on building and
maintaining pipelines themselves."
For large
enterprises and small-to-mid size organizations alike, having immediate and
reliable access to data is critical for decision-making. The study indicates
that pipeline challenges for data engineers continue to strain the process, and
businesses lose out on valuable insights as a result.
Additional
findings from the survey include:
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79 percent of companies plan to hire more data engineers within
the next year
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72 percent of organizations move source data daily or more
frequently
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59 percent of companies use 11 or more data sources
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91 percent say source availability problems are the reason why
pipelines break daily
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55 percent say it takes longer than one business day to repair
pipelines
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86 percent use multiple solutions to build new data pipelines
- 41 percent say a lack of
data strategy (policies, processes, standardized technology) is the top
data-related challenge their organization faces