Panning for Data: Turning Information Into Gold

 
 
By Dennis McCafferty  |  Posted 02-12-2016 Email
 
 
 
 
 
 
 
 
 
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    Panning for Data: Turning Information Into Gold
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    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.
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    Rising Demand
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    Rising Demand

    80% of CIOs and tech decision-makers say their storage requirements are growing.
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    Untapped Potential
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    Untapped 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.
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    Data Dilemmas
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    Data 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.
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    Ready Remedy, Part I
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    Ready Remedy, Part I

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

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

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

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

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

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

The majority of CIOs and IT decision-makers say they can't keep up with storage demands for all of the data required for business, according to a recent survey from Western Digital Corporation and HGST. While they recognize that data can make a significantly positive impact on the bottom line, they admit that they're constantly challenged in attempting to access data easily and/or rapidly—in addition to processing it all. To address the issues, they're looking to increase investment into data analytics for better infrastructure prioritization and data mining, while expanding cold storage and archiving capacity. "Dependable access through reliable storage systems and devices is more critical than ever before," said Dave Tang, senior vice president at Western Digital Corporation. "As data-driven organizations strive to extract more value from their operational and historical data, advanced architectures … enable data to be accessed easily and cost-effectively to transform data into a competitive advantage." An estimated 700 CIOs and senior tech decision-makers took part in the research.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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