A recent Aberdeen report explores the impact on organisations that have made their data more searchable or discoverable for the purpose of business analysis.
Beyond Regulatory Requirements
Data storage and archival are often required for compliance with Sarbanes-Oxley and other regulatory mandates. Aberdeen’s research shows that the average organisation has difficulty in managing data that is growing at a rate of about 50% a year in a variety of forms and functions.
For some companies the influx of business data exceeds its ability to use it. Other companies, however, are keeping pace with this growth by making its data more searchable. As a result, the research shows that these companies are seeing a significant impact on the organisation, particularly when it comes to decision efficiency (Figure 1).
The Impact of Searchable Data
By augmenting the amount of searchable data, companies are empowering analytical activity across multiple areas of the organisation (Figure 2).
An additional benefit of an increase in searchable data is the ability to connect with the users themselves. The research shows how companies that increased searchable data saw improved user satisfaction in several areas (Figure 3).
Companies with an expanded base of searchable/discoverable data also experienced a variety of benefits, including:
- Improved user satisfaction – beyond being searchable, data needs to be clean, relevant, and timely. Those companies that started with broader foundation of discoverable data also experienced a higher degree of satisfaction by its users.
- More widespread adoption of analytics – companies with strong growth in searchable data are experiencing more analytical pervasiveness across functional areas.
- Increased decision efficiency – with analytics reaching into more areas of the business, a wider variety of decision makers are able to convert raw data into usable insight more effectively, ultimately leading to overall business growth.
Aberdeen Group has been an international research partner of Nebula since 2010. With thousands of research documents, growing daily, Aberdeen’s research library helps enterprises and service providers discover the priorities and strategies of best-in-class enterprises.
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