UK businesses ‘overwhelmed by volume of data’

More than half (51 per cent) of senior decision-makers among UK businesses feel overwhelmed by the data generated within their organisation – rising to 61 per cent among those working in larger companies with over 1,000 employees.

This is according to database management platform provider InterSystems, which commissioned Vitreous World to interview senior decision-makers from 150 businesses covering all industries.

It found that organisations were also experiencing significant challenges when it comes to analysing their data in order to make business decisions – with the process typically taking a week or two (41 per cent) or a couple of days (35 per cent). However, 16 per cent of respondents disclosed that it takes them a month.

The study also showed that three-quarters of the organisations manage their data centrally. When asked how they are using this data, 90 per cent of senior decision-makers cited identifying business challenges and needs, while 89 per cent were using data for the decision-making process.

However, more than two-thirds (67 per cent) found accessing the data required for this purpose challenging.

Saurav Gupta, technical engineer at InterSystems, said that more often than not, data exists in siloes and the systems don’t operate in a cohesive manner. “To overcome this, organisations must rid themselves of siloes and simplify things by taking one business outcome at a time, from here, they can see how they can solve that outcome with data, as opposed to trying build the best data strategy without looking at how the outcomes are going to be achieved.”

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