You can be forgiven for having forgotten about the California Consumer Protection Act or CCPA considering all that's going on in the world. But that doesn't change the fact that what started quietly back in January of this year came into effect July 1, 2020.
If you remember GDPR you already know what's in store. Marriott and British Airways have seen GDPR fines of $120 million and $225 million respectively for failing to comply.
If we begin with this analogy, that ONE BYTE OF DATA = ONE GRAIN OF RICE. Here is what that volume looks like if we apply it to the larger units of measure for data sets.
There is no Place in an Organization for ROT (ten) Data
Redundant, Obsolete and Trivial (ROT) data is a significant compliance and governance risk, not to mention the financial risks associated with storing this unnecessary data. When something is ROT (ten), we can help you safely get rid of it.
“Conferences can be overwhelming: they’re loud, bright, full of new faces and punctuated by advertisers jostling for your attention. Without a clear plan of action, professionals risk wasting an invaluable opportunity to learn and develop”Charlotte Woffindin, Senior Product Manager, Amazon UK
Many conference goers suffer from FOMO (fear of missing out). They pack their day full of sessions only to find themselves overloaded with information and turning into a conference zombie. Pick your “A” sessions first and then talk to others about which ones they are attending and why?
According to Gartner, 80% of enterprise data is unstructured “dark” data. Meanwhile McKinsey and Company’s calculations reveal that typical business servers leave 97% of data untouched from the previous year. The Uptime Institute states this data dormancy results in worldwide costs of nearly $30 billion in idle capital. This doesn’t include the opportunity costs of not having access to valuable data or the liability costs of hosting the wrong data.
Now imagine a tool where, in less than 48 hours, you could crawl and understand terabytes of data across multiple systems
One of the most common things I hear other companies say is how they can’t improve diversity because they’re just not getting the diverse candidates. Instead of asking how to attract more diverse candidates, maybe it’s time we ask ourselves, what are we doing as a company to deserve more diverse candidates?
The NewVantage Partners Big Data and AI Executive Survey for 2019 was recently released. It shows that an overwhelming 92% of C-level participants are committed to increasing their investment in big data and AI. Unfortunately a whopping 77% of respondents admit that business adoption of these initiatives continues to be a challenge. In fact only a meagre 28% of organizations surveyed can claim to have a true "data culture."
Large enterprise organizations are still struggling with their data-driven, business transformation. Meanwhile, steadily increasing data volumes and relentless disruption from data-driven competitors are keeping companies heavily motivated and highly invested in accelerating their business agility.
Add to that the emergence of data ethics and the rising attention being paid to data protection and it's becoming increasingly important for organizations to start treating their data like an asset and not just an afterthought.
As a result, companies are starting to extend their vision and adopt a longer-term lens. It's the realization that the process is a journey that needs a solid starting point to get them headed in the right direction. And AI in this context is a capability not a destination.
To become truly data-driven, companies need to wrap their arms around all their data, scattered across countless repositories and legacy systems. Success here drives success further down the road, improves data confidence and drives smarter decisions.
Get started on the right foot and lay a solid foundation by managing 100% of your enterprise data. Deliver quick wins on the path to becoming a data-driven, digital enterprise. We can help you get started and deliver results without extensive professional services or need for custom integrations. It's business modernization made easy.
I had the pleasure of presenting the keynote at the recent Digital Utilities of the Future 2 event yesterday where I challenged executives to consider what Digital Transformation will look like and the steps they may have to consider to weather this changing space.