Cloud Needs Data; Data Needs The Cloud

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Before digitally transforming, or diving head-long into artificial intelligence, companies need to make sure their data foundation is solid. Without timely, well-vetted data, an AI or digital transformation effort can go wildly astray.

Photo: Joe McKendrick

The importance of a data modernization within cloud migration scenarios was recently explored in survey of 504 IT executives by Deloitte, which finds cloud and data modernization need to happen hand in hand, and one without the other is ineffective. The study, led by Tom Davenport, shows that both cloud computing and data modernization are simultaneously reinforcing one another. More than 9 in 10 organizations surveyed now primarily keep their data on cloud platforms, with 55% of respondents seeing data modernization as a key reason for cloud migration, second only to security and data protection.

Financial services firms are the most likely to have initiated data modernization. Somewhat surprisingly, technology, media, and telecom firms are the least likely to have started down the path, despite the technical orientation of their products and services.

“Almost all data management approaches will likely eventually be modernized and almost all data and applications will be in the cloud,” Davenport and his co-authors state. “Both cloud migration and data modernization initiatives are well underway in most medium to large organizations, and both initiatives—whether formalized at the corporate level—are generally successful. Notably, cloud migration and data modernization are mutually reinforcing trends—they seem to support and overlap each other. Since the two trends are overlapping, a two-for-one strategy is eminently reasonable.”

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Before digitally transforming, or diving head-long into artificial intelligence, companies need to make sure their data foundation is solid. Without timely, well-vetted data, an AI or digital transformation effort can go wildly astray.

Photo: Joe McKendrick

The importance of a data modernization within cloud migration scenarios was recently explored in survey of 504 IT executives by Deloitte, which finds cloud and data modernization need to happen hand in hand, and one without the other is ineffective. The study, led by Tom Davenport, shows that both cloud computing and data modernization are simultaneously reinforcing one another. More than 9 in 10 organizations surveyed now primarily keep their data on cloud platforms, with 55% of respondents seeing data modernization as a key reason for cloud migration, second only to security and data protection.

Financial services firms are the most likely to have initiated data modernization. Somewhat surprisingly, technology, media, and telecom firms are the least likely to have started down the path, despite the technical orientation of their products and services.

“Almost all data management approaches will likely eventually be modernized and almost all data and applications will be in the cloud,” Davenport and his co-authors state. “Both cloud migration and data modernization initiatives are well underway in most medium to large organizations, and both initiatives—whether formalized at the corporate level—are generally successful. Notably, cloud migration and data modernization are mutually reinforcing trends—they seem to support and overlap each other. Since the two trends are overlapping, a two-for-one strategy is eminently reasonable.”

(Excerpt) Read more Here | 2019-08-31 02:44:53
Image credit: source

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