This article is sponsored by Oracle - redefining data management with the world’s first autonomous database.
In the coming years, the amount of data we create worldwide will grow to 175 zettabytes of data per year by 2025, up from 33 zettabytes in 2018. Over half of this data will be created by the Internet of Things devices and over 60% of it will be enterprise data. By 2025, 30% of all the data created will be in real-time, offering organisations great opportunities to constantly optimise their business.
Clearly, the organisation of tomorrow is a data organisation. However, simply collecting vast amounts of data is not enough. You would also need to analyse the data for insights and change your organisational culture to benefit from it. According to McKinsey, data-driven organisations are 23x more likely to acquire customers, 6x more likely to retain customers and 19x more likely to be profitable. Being data-driven is good for business.
The Importance of Data Governance
When collecting petabytes of data, it becomes vital that this data is of high-quality. Organisations that focus on high-quality data are better able to deal with changing business environments and achieve strategic objectives. As such, in today’s data-driven world, data governance has ...
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