PALO ALTO, Calif., Sept. 17, 2019 /PRNewswire/ -- Cloudera,
Inc., (NYSE: CLDR), the enterprise data cloud company, today
announced the findings of a global research report, created in
association with Harvard Business Review Analytic Services, which
examines the trends, pain points, and opportunities surrounding
Enterprise IT challenges in data analytics and management in a
multicloud environment.
The report, "Critical Success Factors to Achieve a Better
Enterprise Data Strategy in Multicloud Environment," is based on
insights from over 150 global business executives representing a
wide range of industries, with almost half being organizations with
$1 billion or more in revenue. The
study found that the majority (69%) of organizations recognize a
comprehensive data strategy as a requirement for meeting business
objectives, but only 35% believe that their current analytics and
data management capabilities are sufficient in doing so.
"This report reveals specific obstacles modern enterprises must
overcome to realize the true potential of their data and validates
the need for a new approach to enterprise data strategy," said
Arun Murthy, Chief Product Officer
of Cloudera. "Cloudera is committed to helping our customers with
the data analytics their people need to quickly and easily derive
insights from data anywhere their business operates, with built-in
enterprise security and governance and powered by the innovation of
100% open source. We call that an enterprise data cloud."
The future is hybrid and multicloud
The report
confirms that the future of analytics and Enterprise IT data
management is multicloud, with businesses managing data across
private, hybrid and public cloud environments — but there is still
progress to be made. Over half (54%) of the organizations surveyed
have plans to increase the amount of data they store in the public
cloud over the next year, but the majority still manage much of
their data on-premises. As enterprises create cloud strategies that
are customized to their needs, the ability to securely access data
no matter where it resides and to seamlessly migrate workloads has
never been more imperative.
Functions are diversifying
Most organizations are
leveraging their data to support traditional functions like
business intelligence (80%) and data warehousing (70%). Newer
functions are less common but on the rise, with half of the
organizations surveyed planning to implement artificial
intelligence and machine learning in the next three years. To fully
extract the business value embedded in data, an enterprise data
strategy must support a full buffet of functions, from real-time
analytics at the Edge to artificial intelligence.
A deeper understanding of regulatory compliance and
security
The introduction of new regulations and
increasingly complex processes around governance means that every
single person in an organization must understand the importance of
keeping data secure and compliant. Ten percent of those surveyed
did not know if they were required to secure data within a
regulatory framework or not, which is a small ignorance that could
result in serious risk.
An open foundation
A specific approach to open source
is essential for an effective enterprise data strategy, but half of
those surveyed agreed that current cloud service providers are
unable to meet their need for access to open-source software. Open
compute, open storage, and open integration are baseline
capabilities that a comprehensive enterprise data platform must
provide.
Methodology
Harvard Business Review Analytic Services
surveyed 185 global executives across a wide range of industries,
with almost half being organizations with $1
billion or more in revenue.
To download the full report, please go here.
About Cloudera
At Cloudera, we believe that data can
make what is impossible today, possible tomorrow. We empower people
to transform complex data into clear and actionable insights.
Cloudera delivers an enterprise data cloud for any data, anywhere,
from the Edge to AI. Powered by the relentless innovation of the
open-source community, Cloudera advances digital transformation for
the world's largest enterprises. Learn more at cloudera.com.
Cloudera and associated marks are trademarks or registered
trademarks of Cloudera, Inc. All other company and product names
may be trademarks of their respective owners.
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SOURCE Cloudera, Inc.