Panning for Data: Turning Information Into Gold

Panning for Data: Turning Information Into Gold

Panning for Data: Turning Information Into GoldPanning for Data: Turning Information Into Gold

Businesses realize they’re sitting on a potential goldmine of data, but the ability to provide access to this data easily and rapidly remains a top IT challenge.

Rising DemandRising Demand

80% of CIOs and tech decision-makers say their storage requirements are growing.

Untapped PotentialUntapped Potential

While 85% say they recognize the positive impact that data can have on bottom-line results, 55% admit that they aren’t storing all of the data needed for long-term business success.

Data DilemmasData Dilemmas

60% say the ability to access data easily and/or rapidly, along with being able to process it, remains a top IT challenge that keeps them from realizing the value of data.

Ready Remedy, Part IReady Remedy, Part I

To address data/storage issues, 81% are investing in data analytics to prioritize infrastructure investments and mine internal data assets.

Ready Remedy, Part IIReady Remedy, Part II

74% are expanding cold storage and archiving capacity to accommodate data needs.

Purchase InfluencersPurchase Influencers

39% say reliability is the most important factor in acquiring data storage, while 25% cite costs.

Migration EffortMigration Effort

84% are planning, have completed or are in the process of completing a public and/or private cloud initiative.

Appealing OutletAppealing Outlet

35% expect to have more than half of their data stored in a public or private cloud by the end of 2016.

Unmet ExpectationsUnmet Expectations

74% admit they struggle to keep up with the performance demands of apps.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

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