Data: It’s Everything
A quarter-century of digital transformation has gotten us here: to the advent of the Data Age. From the introduction of email through to broadband, WiFi, cloud storage, SaaS and big data analytics, the pieces have been moving into place. Now, in the year 2020, we are at the cusp of something new.
To thrive in this new age, every organization needs a complete view of its data — real-time insight, with the ability to take real-time action.
We wanted to know: Are today’s organizations ready for tomorrow’s (seriously, tomorrow’s) data?
86% of organizations are not prepared for the new Data Age. Only 8% of them are confident their orgs will prepare in time.
Working with researchers at the True Global Intelligence, we surveyed 2,259 business and IT leaders worldwide, who say both the volume and value of their data is growing. Two-thirds expect the sheer quantity of data to grow nearly 5x by 2025.
These front-line leaders also told us:
Data is extremely or very valuable to their organization in terms of overall success (81%), innovation (75%) and cybersecurity (78%).
Across Industries and Around the Globe
The report, “The Data Age Is Here. Are You Ready?” looks at regional and vertical data to better understand Data Age competitiveness across industry and geography. Highlights include:
Variations also play out internationally:
Fully 90% of respondents from China expect the value of data to grow. And they’re by far the most optimistic about the impact of emerging technologies, and they’re preparing: 83% of Chinese organizations are prepared or preparing for rapid data growth, compared to just 47% across all regions.
U.S. respondents are the second most confident in their ability to prepare for rapid data growth, with 59% indicating that they are at least somewhat confident.
In France, 59% say that no one in their organization is having conversations about the impact of the next wave of data.
Japan, 67% say their organization is struggling to stay up to date, compared to the global average of 58%.
UK managers report relatively low current usage of emerging technologies but are optimistic about plans to use them in the future. For example, just 19% of UK respondents say they are currently using AI/ML technologies, but 58% say they will use them in the future.
Download the full report for global trends and insights across five industries and eight countries (Germany, the UK, Australia, the Netherlands, France, Japan, China and the United States).