The majority of the UK companies admit they need to make improvements in their data management strategies, with compliance, data security and data visibility among the leading concerns.
So says a new study from Veritas, conducted by Vanson Bourne, which surveyed 1,000 IT decision makers and data managers across 15 countries.
It revealed that an overwhelming 84% of respondents say that their organisation needs to make improvements when it comes to ensuring data compliance, while 83% say improvements need to be made with data security and risks.
In the UK, 81% of say their organisation could improve the level of data visibility and control and more than three-quarters (77%) say their organisation needs to improve processes for data recoverability from data loss or a ransomware attack.
The survey also reveals that fewer than a quarter (22%) of tech professionals in the UK feel that data flows seamlessly through their organisation, with visibility, accessibility and transferability across different job functions and departments. By contrast, more than four in five (83%) respondents agree their organisation could improve data sharing practices across business functions.
The survey highlights a number of complex organisational factors that are turning data management into an uphill battle, including too many different tools and systems being used to work effectively (43%), too many data sources to make sense of (40%), a lack of a centralised strategy to data management (38%) and a lack of the right skills/technology to harness the power of data (36%).
Veritas vice-president of Northern Europe Jason Tooley said: "The exponential growth of unstructured data has led to organisations storing information across a variety of different environments with, on average, more than half of company data now stored in the cloud, compared to 39% stored on premises. But as data becomes more siloed and sprawled, it is tougher to see, manage, access and protect, creating significant challenges.
"In an age where effective data management practices can make an organisation and fuel new business models, its exposure can also bring a company to its knees. That is why businesses must build a solid foundation for data management to not only protect against cyber criminals or comply with data regulations, but also pave the way for driving innovation and success in today’s digital economy."