Panning for Data: Turning Information Into Gold

Panning 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.

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

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.

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.

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

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

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

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

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

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