Every industry vertical is now seeing the impact of digital transformation or DX — a set of practices and disciplines used to leverage new business, technology, and operating models in pursuit of business performance and growth. In DX, data is core as every change and process relies on converting data into actionable insights. Indeed, we are fast approaching a new era of the data age as IDC forecasts that the global “datasphere” will grow to 163 zettabytes (that’s one trillion gigabytes) by 2025. All this data will unlock unique user experiences and a new world of business opportunities. What we see is that organizations that embrace data-driven DX are attracting new customers and enjoying new revenue streams faster than those organizations that are not.
IDC conducted a worldwide study to determine the attributes among companies that have embraced data-driven DX to various degrees. The study is based on a global survey, focus groups and in-depth interviews of LOB executives, IT leaders, and technology-savvy workers from large and medium-sized companies.
Based on the study, IDC identified categories of organizations on the data-driven DX continuum.
Leading digital organizations covered in this study are discovering that the cloud – in terms of its power to deliver agility and flexibility – is indispensable for achieving their DX business objectives. For most organizations, this inevitably leads to hybrid IT where data is generated and stored across a combination of on-premises, private and public cloud resources.. The proliferation of application deployment models and data formats across hybrid IT has resulted in organizational data being widely and unpredictably spread across multiple repositories. The hybrid reality causes a new set of data management challenges.
To address these data challenges, gain competitive edge and thrive in the DX era, organizations need to make investments in cloud while also adopting data services for hybrid cloud. Data services for hybrid cloud is location- and infrastructure-independent software that understands and performs various protection, security, integration, and optimization functions on data for the purposes of agile and economic data management and faster time to insights
Transformation from a Data Survivor to a Data Thriver is an ongoing process. Success, relevance and innovation start with a leadership culture that is willing to evolve by investing in new people –roles and staffing models, processes and technology, that drive more value to both employees and customers. Companies that resist evolving are putting their businesses at risk. Having a data-driven DX roadmap is necessary to stay relevant and innovate and thereby stay ahead of the competition. To find out more on how to become successful at data-driven DX, read the full IDC White Paper Become a Data Thriver: Realize Data-Driven Digital Transformation (DX).