Almost half the executives surveyed say their data volumes increased up to 75% in the last two years; nearly 10% of them saw volume at least double.
Failure to manage data effectively is keeping organizations from reaching strategic business objectives, reports Syncsort. Part of the problem lies with data-integration tools; execs are frustrated by the cost of ownership and by the constant need for IT staff to fine-tune them. “Organizations are struggling with how to strike a balance between expensive and time-consuming workarounds for dealing with exploding data volumes, and a desire to drive ever-increasing value and insights from this data,” says W. Sean Ford, chief marketing officer at Syncsort. And things are only going to get more challenging as data volume expands; the digital universe is expected to increase to 35 trillion gigabytes by 2020, or well over 40 times the current level (a single gigabyte has more than enough capacity to store the entire human genome.) The survey was conducted by BeyeNetwork, with more than 350 IT and business professionals in the U.S. and Canada taking part. For more information about the survey, click here.
Dennis McCafferty is a freelance writer for Baseline Magazine.
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