If Data Is The New Gold

Pipeline EnvironmentNEW YORK � SYSTEMS APPLICATIONS AND PRODUCTS SE (NYSE: SAP) today launched research findings showing that companies leaders believe that fragmented, siloed technology environments were stymieing their capability to make informed business decisions.

Nearly three quarters, or 74 %, of survey respondents said their own data landscape is so complex it limits agility, and 86 % said they were not getting the the majority of out of their data.

“We view consolidated and streamlined data as the next great enterprise asset,” mentioned Greg McStravick, president, Database plus Data TIBCO® Management, SAP. “Our study findings show that like natural energy resources, data resources are just beneath the surface, in places that are either inaccessible or invisible. If data is the new gold, then we aim to make data scientists the new gold miners. We support all business stakeholders tasked with taming and deriving value from their enterprise’s data to help make vital business decisions.”

“Data 2020: State of Big Data” examined a wide variety of issues related to enterprise data and found a good enterprise data management landscape ready with opportunity, yet challenged to handle across job functions, departments plus geographies. The results of the study point out complexities in data management which can be solved by analytics solutions that will add value and data researchers who can make sense of the staggering levels of information that enterprises collect.

Siloed, inaccessible and unhealthy data: 50 percent of respondents believe that information is inaccessible to a wide variety of company stakeholders, and 79 percent mentioned their company’s data needs more a checkup to make it healthy.
Analytics driving data-driven enterprises: Analytics rated as the most important technology in the business, closely followed by the Internet associated with Things, machine learning and synthetic intelligence.
Data scientists on popular: While 79 percent of participants said that data scientists are important to make sure a company’s success, yet just 53 percent currently have data researchers employed. In such a high-demand industry, 78 percent are concerned about a lack of data scientists and people using the right skills to successfully work together with data in the future.

In related information, SAP today announced the SYSTEMS APPLICATIONS AND PRODUCTS Data Hub solution to create worth across diverse data landscapes by means of data integration, data orchestration plus data governance, as well as by generating powerful data pipelines that can speed up positive business results.

“Data 2020: State of Big Data” had been supported by Regina Coroso Consulting and based on global survey comes from more than 500 IT decision manufacturers from enterprise-level companies. Countries selected include the United States, Brazil, the particular United Kingdom, Canada, Germany, France, Japan, China and Australia.

For more information on SAP Data Hub, visit http://www.sap.com/datahub. To learn more about the research, visit the SAP News Center. Follow SAP on Twitter at @sapnews.

Media Contacts:
Scott Malinowski, SYSTEMS APPLICATIONS AND PRODUCTS, +1 (617) 538 6297, scott.malinowski@sap.com, ET
Adam Novak, PAN Communications, +1 (617) 502-4300, sapplatform@pancomm.com, AINSI QUE

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