Four in every five (82%) senior technology decision makers across the Asia-Pacific as well as Europe and Middle East markets recognise that investing in the right data management strategy will lead to better business outcomes, a new study from Forrester Consulting shows.
Commissioned by Oracle, the study emphasises the essential role of multi-hybrid cloud platforms to collate the mass of information that enables analysis of insights and inform business-critical decisions.
The study covered a survey of 670 technology and business decision makers with responsibility over data infrastructure and data strategy. It is also based on interviews with 10 C-level executives across these respondents to dig deeper into their approach, drivers, and best practices of data management.
Findings show that 73% admit that they have disparate and siloed data strategies that are stopping them from providing business stakeholders with the data they need.
Also, 36% of the data is still hosted on-premise, 19% is hosted on a public cloud and 18% on private cloud.
The nature of the data collected by these organisations has considerably changed – with 31% being tabular/structured and the remainder being non-tabular/semi structured or unstructured data. Of the latter, are 18% text data and the rest evenly distributed across images/video, machine generated data, streaming data, and others.
Further, 34% of public sector and healthcare organisations have an incomplete data strategy.
“Organisations in Asia Pacific are making strong progress in terms of unifying data sources and getting on top of data security and governance requirements,” said Han Chung Heng, SVP of Oracle Systems, JAPAC and EMEA. “But the study also reveals that their intense focus on these areas may be holding them back from realising some of the benefits of multi-hybrid cloud they need right now around providing access to unique capabilities and supporting diversification.
Given the challenges, the study recommends that organisations look to their technology partners for a unified data platform that will provide end-to-end visibility across their hybrid environments, along with the security foundations that are flexible enough to meet current and future data complexities.