Two-thirds (66 per cent) of IT leaders surveyed by hybrid data software provider Cloudera expressed concern that data assets are spiralling out of control in their business, despite over a quarter of IT budget (28 per cent) being spent on data compliance and management.
Siloed data remains a key data management barrier according to nearly two-thirds (63 per cent) of tech decision makers, towards proper adherence with data compliance regulations.
While deployment of multiple point solutions proves a common way to help manage data throughout its lifecycle, 79 per cent of respondents say such measures have made compliance more challenging.
Almost all (99 per cent) of leaders agree that integrating the different point solutions required for managing data across its lifecycle is a challenge, with a third (34 per cent) finding it a ‘significant challenge’.
Another challenge facing firms is cost management in the face of a ‘data integration tax’ — required spending on onboarding tools, the technical cost of integrating them, and staff requiring specialist training — cited by 78 per cent of respondents.
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“With data continuing to scale, compliance remains a significant challenge for many organisations. Emerging innovations like AI will add further complexity, and with new regulations on the horizon, remaining compliant will only become more difficult,” says Chris Royles, EMEA field CTO at Cloudera.
“To effectively carry out their roles, engineers need access to data from across the organisation and the ability to self-service. But because of the number of tools organisations deploy for managing data across its lifecycle this isn’t possible. Each solution requires its own specialist skillset, which takes time and money to learn.
“Against this backdrop, organisations must look to modernise their data architectures and end their reliance on point solutions as data demands increase. This will help to reduce the cost integration tax, while accelerating data’s time to value.”
850 IT decision makers operating across the global EMEA region were surveyed by Cloudera for its study. You can find more information on the research here.
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