Few organisations have yet to wake up to the benefits of developing data-driven strategies, but increasing pressure to make swift "critical" business decisions is forcing many leaders to abandon insight and go with their gut feeling for fear of losing ground to their competitors.
Business executives are crying out for greater access to company data "on the go" to power digital transformation, with the overwhelming majority believing that improved mobile access to decision-making data would benefit business outcomes.
Cosmetics giant L’Oréal is aiming to boost its research and innovation strategy by building a data lake within a private network on Microsoft Azure to give its teams access to a raft of realtime scientific, Internet of Things, and marketing data.
Nearly two-thirds of financial services companies struggle to store, access and share data, with more than half considering single data hubs to enhance their ability to make data-driven investment and business decisions.
Self-driving cars have gone from the realms of science fiction to reality, with brands from Volvo, Mercedes-Benz and BMW to Apple, Uber and Addison Lee racing to develop the technology, but a lack of data standards is threatening to scupper the market.
More than 2.3 billion documents, including highly sensitive customer data, are believed to be sitting on publicly accessible online storage systems, putting companies across the world at risk of breaching data protection legislation.