How to Improve the ROI of Your Enterprise Data Lake Using AI-powered Search and Analytics
With organizations embracing digitization in a big way, the generation of data has grown manifold. According to IDC, the growth of data will be humungous across industries, from 16 zettabytes to 160 zettabytes. The data being talked about is useful for businesses to draw insights, formulate strategies, and understand trends and customer behavior, among others. Even if collating, storing, analyzing, and working with such a sheer volume of data is challenging, it does not cover the whole picture. The fact that data is stored in silos and in the wrong format makes it a real challenge for enterprises to work with it, let alone make any sense of it. As per the Big Data and AI executive survey 2021 by NewVantage Partners, enterprises continue to struggle to extract value from big data. Consequently, only 48.5% of enterprises drive innovation with data, and only 41.2% compete on analytics. Also, only 29.2% of them have made an impact on digital transformation using data, and only 24% ar...