Although the “3 Vs of data” (Volume, Variety, and Velocity) are increasing at a rapid rate per second, most organizations are struggling to understand what they are supposed to do about it.
In theory, all of that data is going to produce a data-driven resolution. But in reality, figuring out how to deal with tens of thousands of teraabytes of data and making informed decisions in real-time is hard work.
So, what does it take to be a data-driven organization?
- Knowing the difference between trash or treasure
You cannot improve what cannot be measured. Gartner suggests that data volume is set to grow 800% over the next five years, and 80% of it will reside as unstructured data. To flourish or even stay alive, organizations must gain insight into their unstructured raw data, to make smart decisions about what data needs to be moved, preserved or deleted.
- Ensuring business continuance
The two most important aspects of business continuance are data protection and disaster recovery. Most organizations are unaware of how much data they would lose or ultimately not find during an outage or how long it will take to discover it. We live in an always-on, data-centric world wherein the cost of downtime can be massive, making it mandatory for organizations to have real-time visibility into the health of all IT services.
- Knowing how to protect your data
Businesses lose data because of hardware and software breakdowns, ransomware, virus, or malware attacks and in a majority of times, by human error. Lost data can lead to productivity, and monetary damage, lost revenue opportunities and organizational reputation damage.
- Ensuring broad data access
With the increasingly demanding workforce, IT is always under pressure to meet application performance as well as the resiliency needs of their people. Organizations need easily managed data access, regardless of where it resides – on-premises, off-premises, or in the cloud.
- Knowing how to migrate to and from the cloud
Businesses of all sizes are evaluating cloud’s potential to transform and reinvent themselves. But the journey to the cloud comes with its hurdles. In a majority of these scenarios, organizations fear vendor lock-in and the impending costs involved in the migration of data from one cloud to another.
- Ensuring digital compliance
Data governance is probably the most crucial aspect of data-reliant organizations, and also the most neglected. Organizations across different industry verticals are seeing a rise in regulations which govern the use and storage of data such as, HIPAA, GDPR, etc. These directives demand that organizations actively adhere to the requirements and avoid the risk of non-compliance.
What if there was a single solution which could encompass all these six attributes? Meet the 360 Data Management Suite – a comprehensive solution that allows you to visualize, protect, access and migrate your data.
Download the brochure to start your journey on being a data-driven organization.
