Shedding Light on the Problem of Dark Data

Shedding Light on the Problem of Dark Data

Shedding Light on the Problem of Dark DataShedding Light on the Problem of Dark Data

More than 80 percent of enterprise data is considered “dark,” defined as data that is captured and stored—yet never used.

What Is Dark Data?What Is Dark Data?

Dark data refers to data that enterprises capture and store, often as part of their regular business processes, that they simply fail to use. Hidden and usually unstructured, dark data is expensive to store and secure, but most companies do so for compliance reasons.

Why Does It Go Unused?Why Does It Go Unused?

There are many reasons why dark data is unused. Some holds little value. A lot does have value but enterprises haven’t developed the strategy, business processes and/or IT processes to extract or analyze it.

Why Is Dark Data Important?Why Is Dark Data Important?

Dark data contributes to an “analytics deficit,” meaning enterprises have a surplus of data, but a shortage of insights from it. There is a latent opportunity to use more of their existing data to better serve their customers, compete and operate.

What Is the Cost of Dark Data?What Is the Cost of Dark Data?

The costs of dark data include loading, updating, storing and managing unused data—which consumes IT personnel time, storage space and CPU cycles. This time and infrastructure could be better spent on higher-value work.

What Should Enterprises Do About Dark Data?What Should Enterprises Do About Dark Data?

The most successful enterprises identify and extract value from more of their data assets. They also identify and reduce the cost of managing data with little or limited value.

Identifying and Extracting Value From Dark DataIdentifying and Extracting Value From Dark Data

Different parts of a large financial services organization might engage the same customer with multiple services, including mortgages, life insurance and commercial banking. Those divisions might store customer information that, in isolation, has no direct value so it goes untouched. But with unified analysis, it could offer a deeper customer view that might identify new cross-selling or upselling opportunities.

How IT Can Reduce the Cost of Dark DataHow IT Can Reduce the Cost of Dark Data

By identifying and moving historical transaction records to the cloud and/or Hadoop, you can reduce your storage cost. You also could create new analytics insights by correlating that data with other data in Hadoop.

Problem SolvingProblem Solving

The first step is to understand whether and how different data sets—databases, tables and columns in a data warehouse—are used, by whom and at what cost. These metrics help IT make better decisions about where to place their data and how to use it.

What Else Can Help?What Else Can Help?

At a strategic level, the key is for enterprises to start thinking about how to make better decisions once they make new combinations of data with what they already have.

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