Knowledge intelligence specialist Collibra has sponsored a brand new IDC white paper, the 2022 Knowledge Intelligence Index, that finds organizations with increased ranges of maturity regarding information intelligence are more likely to understand increased enterprise advantages and efficiency in comparison with their friends.
Knowledge intelligence solutions the who, what, the place, when, and why questions that give context to a corporation’s information to permit for higher information administration, governance, and safety. The maturity of a corporation’s information intelligence will depend on the way it combines a number of associated elements to construct information tradition and improve information literacy: “In a digital-first world, organizations have to put information first,” reads the paper’s introduction. “A corporation that places information first is one which has a powerful information tradition, knowledgeable by intelligence about information, which permits information cataloging, lineage, high quality administration, and governance to enhance belief in information and enterprise outcomes.”
Within the examine, 67% of respondents reported that entry to intelligence about essential information is essential to their success. However, 65% reported challenges with figuring out and controlling information sources, with solely 5% claiming no information governance points.
IDC recognized 4 teams among the many survey’s respondents starting from low to excessive ranges of maturity throughout information intelligence administration, information cataloging, information governance, information high quality, information tradition, and information intelligence metrics (see graphic at proper). The paper illustrates how essentially the most mature, data-driven corporations in Degree 4 are implementing and organizing their information cataloging, governance, and high quality efforts in essentially the most environment friendly method for successfully activating information intelligence. IDC says essentially the most mature organizations are revolutionary, cautious to stick with regulatory compliance, and centered on decreasing time to marketplace for new services. The paper concludes that these mature corporations are realizing thrice extra enterprise advantages than their much less mature friends who’ve issue activating information intelligence.
The examine highlights the important thing targets corporations have for information intelligence initiatives, together with making enhancements in information safety (50%), information high quality (44%), effectivity of knowledge administration and analytics (45%), and the way information is used for choice making (42%). Knowledge modernization efforts, pushed by the necessity for elevated operational effectivity, had been famous as an goal by 38% of respondents who’re turning to newer cloud information warehouses and lakes for his or her scalability and efficiency.
Knowledge tradition and technique are additionally essential for mature organizations, and the examine discovered that 86% of respondents have a devoted staff answerable for information tradition and information literacy. In addition they have the next illustration of teams exterior of IT taking part in information initiatives and usually tend to have a chief information officer main general information technique, in accordance with IDC.
Along with the informative white paper, Collibra commissioned IDC to create a Knowledge Intelligence Evaluation Software. Organizations can use this evaluation instrument to search out their very own information intelligence maturity degree in comparison with friends. The instrument additionally offers a personalized report with recommendations for optimizing information intelligence elements.
Collibra is understood for its work in selling information governance earlier than it was cool, and it has expanded that focus to general information intelligence, together with governance and lineage, cataloging and discovery, high quality and observability, in addition to privateness and safety. The corporate doubled its valuation to over $5 billion prior to now yr, and this sponsored white paper might mirror why Collibra’s emphasis on information intelligence is paying off.
“The findings from IDC present that whereas organizations acknowledge the necessity for information intelligence, adoption and cultural limitations stay the most important problem to maximizing worth and sustained enterprise success,” stated Stijn “Stan” Christiaens, Co-founder and Chief Knowledge Citizen at Collibra. “When organizations have government management prioritizing information tradition and actively participating quite a lot of stakeholders in information intelligence, digital transformation efforts succeed. Investing in information tradition is essentially the most important transfer a corporation could make to make sure effectivity, productiveness, and a powerful aggressive benefit.”
Learn your complete 2022 Knowledge Intelligence Index right here.