Intelligent CIO APAC Issue 36 | Page 37

TALKING

‘‘ business

Data is the new oil in the age of Digital Transformation and companies with underutilized data are fuel-inefficient cars of the past .

Many business leaders recognize data as their company ' s most valuable asset , but not all have the processes and tools to unlock their full potential .
In Rocket Software ’ s Content Management : The Movement to Modernization survey last year , 81 % of respondents indicated that at least some of their enterprise data was retrieved , processed and stored but never used .
Left unchecked , unstructured and unmanaged , data will inevitably affect productivity and a company ' s overall success .
Scattering of data also contributes to the increase in redundant , obsolete or trivial ( ROT ) data within enterprise systems . More than a third of the Rocket Software survey respondents believe ROT is the greatest threat to their data management efforts .
The difficulty in properly locating , processing and removing excess or unnecessary data has led to higher operational costs and the increased risk of data corruption and non-compliance with regulations .
Praveen Kumar , Vice President for Asia Pacific , Rocket Software
Organizations that have not improved their data management processes to account for non-traditional records and other unstructured data face risks such as non-compliance with data governance regulations and missing opportunities to be competitive .
With the migration to cloud systems , many businesses have been able to ease the challenges of remote and hybrid work during the pandemic .
According to a PWC survey , 72 % of Singaporean respondents preferred a mix of remote and in-person work , while 74 % believe they will continue with hybrid work arrangements this year .
IT teams need the visibility and resources of cloud technologies to eliminate data sprawl and ROT , which
Difficulty in properly locating , processing and removing excess or unnecessary data has led to higher operational costs and the increased risk of data corruption and noncompliance with regulations .
While employee productivity has been taken to the next level , this has also led to more employees storing valuable business content on shared and personal external hard drives . is critical to supporting diverse applications and rich content lifecycles .
Data sprawl – where valuable business content is scattered and hard to track – has consequently increased . For 37 % of IT professionals we spoke to , this phenomenon is the biggest challenge when it comes to content management .
With the explosive growth in unstructured data , organizations need help to keep up – 59 % of IT respondents believe their company ' s unstructured data is either ‘ extremely significant ’ or very significant ’. This represents a loss in potential value
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