Around the world, business leaders understand the need to harness digital transformation (DX) to jump-start growth, accelerate time to market, and foster innovation. This is more vital than ever as businesses seek to not only endure against current challenges and intensifying competition, but to forge ahead and succeed in the months and years ahead.
Yet businesses are stymied by a range of barriers such as inherited data silos, poor data governance, drawn-out data science cycles, and lack of a collaborative environment. And unlocking the value of data assets is also easier said than done, even as data continues growing at an unprecedented rate.
According to projections from IDC, 80% of worldwide data will be unstructured by 2025, including a growing volume of unstructured and semi-structured data such as streaming audio and video, social media, clickstream, sensor, and log data.
Unshackle your digital transformation
To meet the demands of today and stay competitive tomorrow, the right information architecture (IA) must be set in place to manage data. Such an architecture will need to be efficient and sufficiently agile to facilitate collaborative workflows and meet existing data analytics requirements, as well as to enable the deployment of cutting-edge AI tools.
Successful DX will necessitate the integration of data and processes across organizational boundaries, legacy systems, and cloud platforms, and bridging it with scalable AI deployments to achieve growth objectives. Instead of a hodgepodge of disparate tools and systems, an integrated platform with prebuilt support for AI and industry-centric applications is required to advance automation, streamline management, and drive innovation with automated AI and data science lifecycles.
Far from being a luxury, a modern Enterprise Information Platform (EIP) is a vital tool to help enterprises digitally reinvent and futureproof themselves. Deployed and leveraged correctly, it can enable savvy enterprises to significantly accelerate their DX initiatives and fully harness the power of data and AI.
Key capabilities to consider
While pain points differ across organizations, some key capabilities to look out for in a modern enterprise information platform will include:
Paul Mah is the editor of DSAITrends. A former system administrator, programmer, and IT lecturer, he enjoys writing both code and prose. You can reach him at [email protected].
Image credit: iStockphoto/Akintevs