Advent One shows you the value of your data, and how to take advantage of it.
Deriving value from data is a concept many have heard of, but often it is unclear what value the data has, or how it can actually be derived. Before understanding what value, your data holds, first you should consider what data actually is in your business. In essence, any information that your organisation stores is data; this can include anything from unstructured financial reports to transcripts of correspondence and sales calls, emails, documents and structured data in relational databases. For many organisations, this data sits idle in storage arrays collecting dust and slowing down the IT infrastructure, however, there are many ways that company data could be taken advantage of and intelligently organised through a data fabric.
Data Analytics and Opportunities
Data analytics represents a major business opportunity in the world of data, storage and IT systems. Analysis of your data is the best way to figure out what aspects of your business are creating the most value and which are not.
For example, a company that wants to better manage its supply chain needs access to data intelligence to determine where delays are happening and where variabilities exist within say the shipping process. Or to discover which products are most commonly delayed or which modes of transport contribute to that delay the most.
Not having access to business intelligence through data analytics, may on the surface, not ‘cost’ a business anything, yet the potential value of knowing statistics such as positive response rates to marketing strategies or which proposals are most successful, can lead to opportunities that could transform the business and drive competitive advantage.
Improving Accuracy and Productivity
The most effective way to improve the accuracy and productivity of data analytics is making your data available to a variety of services through a data fabric. Our tailored NetApp data fabric is designed to store, serve, protect, mobilise and secure your data and ultimately, enable intelligent data management. When your data is intelligently managed, it creates more opportunity to derive maximum value from it, leading to better management decisions. Utilising a data fabric does more than just derive value from data — it prevents the ‘cost of doing nothing’, whilst potentially competitors in your industry gain ground.
Every year the amount of data that the average organisation is storing increases drastically, and with more data comes the need for more storage, incurring greater cost in data storage services or devices. In addition to this, the opportunity cost of not utilising the ever-increasing pool of data, means that while the cost rises to store it, so too does the potential value you could be missing out on, by leaving the data dormant or under-utilised.
Don’t become a Kodak. Once one of the most powerful companies in the world, Kodak failed to capitalise on the data intelligence in the business, missing the rise in digital technologies and the opportunity to invest in the right strategies. As telephones became cameras, the industry disruption was real and yet Kodak did not respond quick enough. Perhaps with greater access to the data intelligence, Kodak may have seen the writing on the wall in time.
Ensuring your data is accessible is as much an important part of creating value as intelligent analytics themselves. Deploying a data fabric provides an effective solution by delivering your data anywhere it is required with efficiency and agility. Capitalising on effective data intelligence is key in synthesising the most value from the data, and efficient IT infrastructure solutions such as NetApp’s data fabric enabling and powering the Hybrid Cloud, can create the most lucrative data intelligence available for a business.
Don’t let your data become a burden to your business. Taking the steps to build a tailored data fabric is no longer a choice, but a necessity to stay competitive in any digital business environment.
Creating your effective IT infrastructure doesn’t have to be difficult, CONTACT Advent One today to find out how our team of experts can extract every bit of value your data has to offer.