Cloudera, a leading data management software company, has shed light on the concerning number of businesses that are not maximizing the value of their data. In a survey conducted across the EMEA region, involving over 850 IT decision-makers (ITDMs), it was found that 72% of respondents felt that managing data across multiple cloud and on-premises environments posed challenges when it came to extracting value. Despite the increasing adoption of multicloud strategies in the wake of the pandemic, with businesses moving online, 68% of those surveyed still favored a hybrid environment for their data storage. This choice seemed to stem from a desire to increase cloud usage rather than maximize its benefits.
While many companies straddle the line between cloud and on-premises solutions, almost three-quarters (72%) have embraced multicloud strategies, with a significant number opting to work with multiple hyperscalers. Concerns surrounding compliance, lock-in measures, and cybersecurity among cloud providers continue to be a hot topic among ITDMs. Microsoft’s protracted EU antitrust debate has likely heightened these concerns.
Romain Picard, Cloudera’s Senior VP of EMEA, highlighted the scale of the challenges faced by ITDMs and their organizations in the current economic climate. He emphasized the need for modern data architectures in enterprises seeking to balance cost, control, governance while benefiting from artificial intelligence. Picard advised companies to focus on unifying their approaches by eliminating data silos, as 65% of the respondents indicated that siloed data hindered their ability to make real-time decisions and potentially resulted in financial losses.
In conclusion, Cloudera recommends that companies prioritize the rapid and cost-effective harnessing of data, regardless of its location. By doing so, they can gain a significant competitive advantage in today’s fast-paced business landscape.
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