In this era of digital disruption, data is of utmost importance for enterprises to gain a competitive edge. High-quality data enables more efficiency in driving enterprise success because of the dependence on empirically-based decisions instead of human or habitual intuition.
Globally, enterprises are managing more data than ever before and according to IDC, by 2025, the global datasphere is projected to reach 175 zettabytes. Data is of utmost importance for enterprises to access and use the data to manage day-to-day business operations and improve efficiency.
Tons of data are generated every day and the enterprises are focusing to identify what information should be considered for value. The enormous reliance on data for achieving enterprise objectives is a challenge in terms of achieving value and managing data.