Talend released the results of a survey that
highlighted the challenges businesses face in becoming data-driven
organizations and the solutions to these challenges. It's clear that business
leaders know how important data is - two-thirds report that they use data every
day.
Yet 78% of these leaders say they face challenges in using their data,
and more than a third say they simply aren't using it to make decisions.
There's a difference between data-saturated and data-driven.
Companies have more access to data than ever before, but there's very little
way to make sense of it. Only half of the executives highly rate their ability
to deliver the basics: timely, accessible, complete, and accurate data. Data management
companies have been offering to solve these problems for years - but they're
focused on the mechanics of data like moving it and storing it.
"Our relationship with data is unhealthy. Only 40%
of executives always trust the data they work with, and
more than a third of executives are still making decisions
based on gut instincts," said Christal Bemont, CEO, Talend. "The
reality of data is falling well short of the industry's vision. Data
management, which largely focuses on moving and storing data, doesn't take into
account the overall health of data. Therefore, in trying to manage data,
companies are in fact creating digital landfills of corporate information. This
has to change. Our vision of data health is the future because
it recognizes fundamental standards for quality and reliability
are critical for corporate survival."
Data health is Talend's vision for a holistic system of
preventative measures, effective treatments, and a supportive culture to
actively manage the well-being of corporate information. It is designed to
allow companies to answer basic questions about their data that remain
challenging for many to address - where it resides, who has access to it,
whether it's accurate, and how much it's worth. Data health would help
organizations understand and communicate - in a quantifiable way - the
reliability, risk, and return of this extremely critical business asset.
Customers report that a focus on data health is having a positive
aspect on their business. "Without access to quality data on time, we could
have never achieved the scale of analytics we are currently in," said Ranadip
Dutta, solution architect manager, Lenovo. "We now have flexibility along with
scalability."
Read the full survey report to discover
the differences in how people who produce and deliver data feel about working
with data, versus those who consume it. You'll also learn more about industry
data trends and whether functional groups in every organization are working
with data effectively.
For more information on the Talend Data Health Survey and
data health, click here.