Almost 80% of IT decision makers are worried about compliance when it comes to managing data, according to a study by data company Cloudera.
This comes at a time when two-thirds (66%) of respondents claimed that they are also worried that data is spiralling out of control in their organisation.
According to the report — analysing 850 IT leaders across EMEA — almost two thirds (63%) of organisations believe siloed data makes it harder for them to comply with data regulations.
Many companies have deployed multiple point solutions to help manage data throughout its lifecycle. However, this is driving up complexity, with 79% of respondents saying that integrating point solutions for data analytics and management has made compliance more challenging.
“With data continuing to scale, compliance remains a significant challenge for many organisations,” said Chris Royles, EMEA field CTO at Cloudera. “Emerging innovations like AI will add further complexity, and with new regulations on the horizon, remaining compliant will only become more difficult.”
Royles said that organisations must start to think of data as a product and protect their greatest asset by ensuring that compliance is always-on and everywhere.
In terms of cost, over three quarters (78%) of respondents said that point solutions for data analytics and management is driving up the price of data, with upfront costs of tools increased by the need to re-train staff for each new solution — many organisations are in effect paying a ‘data integration tax’, the report claimed.
Almost all (99%) IT leaders also said that integrating the different point solutions required for managing data across its lifecycle is a challenge, with a third viewing it as a ‘significant challenge’.
This is causing organisations to spend more than a quarter (28%) of their annual IT budget on managing data across its lifecycle, the study claimed.
“To effectively carry out their roles, engineers need access to data from across the organisation and the ability to self-service. But because of the number of tools organisations deploy for managing data across its lifecycle, this isn’t possible. Each solution requires its own specialist skillset, which takes time and money to learn,” added Royles.
Against this backdrop, he said that organisations must look to modernise their data architectures and end their reliance on point solutions as data demands increase.
“This will help to reduce the cost integration tax, while accelerating data’s time to value,” he concluded.
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