On May 2, 2023, two reports from StreamSets, the Software AG company, highlighted the need for modern data integration. The reports named “Lifting on the Hidden Data Integration Problem” and “Creating Order From Chaos: Governance in the Data Wild West,” respectively, are based on the original research of more than 650 data decision-makers and practitioners. Although the report reveals friction and data chaos, it also highlights the promise of new opportunities for data value.
According to this report, there’s a general lack of robust data policies and processes among organizations. It also brings to the fore the rising demand for data and why organizations fail to use data effectively. The report’s key insights can come in handy for businesses to leverage the hidden power of their data and launch a proven data governance strategy.
The report “Creating Order from Chaos: Governance in the Data Wild West” reveals that:
In the face of accelerating demands of digital transformation, such blind spots are created by the lack of clarity about who is responsible for data security. Such confusions lead to an increased risk of security breaches and heavy penalties for non-compliance.
According to the second report, “Lifting the Lid on the Hidden Data Integration Problem,” the increased availability of data sources and tech platforms has resulted in siloed data systems in business. Organizations are experiencing data delivery friction due to these complex environments and silos.
The research reveals these stats:
Businesses are unable to utilize data effectively because of the increasing demands to deliver data and the integration friction created by fragmented pipelines. According to response data, data engineers spend 31% of their time troubleshooting and recoding fragmented data pipelines.
We learn from these reports that modern data integration is a vital lifeline for most organizations. While many have evolved to become data-dependent, only a few successfully integrate data pipelines, eliminate visibility gaps, and ensure compliance.
The key to a successful digital transformation is gaining real value from data and safeguarding it from data theft and breaches. Trueloader provides cloud integration services to help you achieve modern data integration. To get started, contact us today.
