While data is quickly becoming recognised as an organisation’s most important digital asset, the majority of UK companies need to make improvements when it comes to the day-to-day management of data, according to new research from Veritas Technologies.
With increased scrutiny of organisations handling customer data, ongoing global headlines around malicious data breaches faced by businesses, and the introduction of more stringent data compliance mandates, it’s more important than ever for companies to have a structured risk management policy when it comes to safeguarding data and gaining necessary insights to propel their business forward.
The new study surveyed 1,500 IT decision makers and data managers across 15 countries, including 100 from the UK. It revealed that an overwhelming 84 per cent of UK respondents say that their organisation needs to make improvements when it comes to ensuring data compliance, while 81 per cent say improvements need to be made with managing data security and risks. Furthermore, 83 per cent say their organisation could improve the level of data visibility and control, and more than three-quarters (76 per cent) say their organisation needs to improve processes for data recoverability from data loss or a ransomware attack. Only 19 per cent believe their organisation is putting data to effective use to drive the business forward.
The survey also reveals that less than a quarter (24 per cent) of IT professionals in the UK feel that data flows seamlessly through their organisation, with visibility, accessibility and transferability across different job functions and departments. By contrast, more than four in five (81 per cent) UK respondents agree their organisation could improve data sharing practices across business functions.
UK respondents cite the following as complex organisational factors that are turning data management into an uphill battle:
- Too many different tools and systems being used to work effectively (43 per cent)
- Too many data sources to make sense of (40 per cent)
- A lack of the right skills/technology to harness the power of data (38 per cent)
- A lack of a centralised strategy/approach to data management (37 per cent)
- Spiralling costs make data management harder (31 per cent)
- Inability to back up and recover data reliably (28 per cent)
Less than one in 10 (7 per cent) UK-based IT decision makers and data managers surveyed say their organisation faced no data management challenges.