Global Study Reveals Search-Powered Technologies are Driving the Future of Digital Business
August 02 2022 - 4:51PM
Business Wire
New Study Commissioned by Elastic Shows 8 out
of 10 Data Leaders Agree that Investing in Search-Powered
Technology Drives Results that Matter for their Organizations
- 84% of data leaders report that the success of their digital
transformation initiatives relies on search-powered
technologies
- 83% of data leaders agree that a single, integrated search
platform would help reduce costs for their business
- 85% of data leaders say they want to improve the ability to
find information across multiple clouds and data storage
environments
Elastic (NYSE: ESTC), the company behind Elasticsearch, today
announced a new global study that shows search-powered technology
is critical to the success of digital transformation and harnessing
the power of data.
The study, titled Search-Powered Technologies: A
Mission-Critical Enabler For The Digital Future Of Business, is
based on a survey of more than 800 data leaders in eight countries.
The research illustrates how search-powered technologies—the tools
that enable the search of data across multiple sources—fuel
business-critical initiatives, including cloud migration and
utilization, cybersecurity, and customer experience.
According to the study, data leaders remain consistent on a
future vision to integrate cybersecurity, observability, and
enterprise search point solutions into a single platform, citing
search-powered solutions that offer a breadth of functionality,
including high storage capacity, a cloud-based platform, and
scalability, as crucial to powering their digital transformation
initiatives.
“As organizations look ahead to the digital future of business,
they need technologies that turn a growing volume of raw data from
a variety of disparate sources into accessible and useful business
insights,” said Matt Minetola, Chief Information Officer,
Elastic. “Search-powered technologies provide the critical
functionality to help organizations drive speed, scale, and
productivity for the next wave of digital transformation.”
Data leaders expect a shift toward integrated platforms over
isolated point solutions over the next three years—and they expect
integrated platforms to incorporate a wide range of point solution
functionality
- 83% of respondents agree that using a single integrated search
platform help them reduce costs for their business and 81% report
that it enables them to give time back to their teams to do
meaningful work.
- 76% of respondents report that an integrated platform should
include security, data visualization, and analytics solutions.
- 72% of respondents expect an integrated platform to include
enterprise search functionality.
- 67% of respondents expect an integrated platform to include an
observability solution.
The study further reveals that data leaders will require more
from search-powered technologies as their organizations continue
their digital transformation journeys. To remain competitive, they
will need comprehensive, flexible, and integrated cloud-based
search solutions that enable scale.
85% of data leaders say they want to improve the ability to
find information across multiple clouds and data storage
environments to help enable IT operations, security, and
development teams.
- 84% of respondents are investing in search-powered technologies
to increase the speed and productivity of their organizations and
help them solve business challenges faster.
- 83% of respondents report that search-powered technologies can
deliver essential insights that hasten decisions and create a
better user experience for customers and employees.
- 81% of respondents report that alignment would improve in their
organization if it were easier to find and share data.
- 53% of respondents report that cybersecurity is a key priority
driving their digital business initiatives, with data security
issues or other risk exposures cited as the most common result of
challenges with finding, sharing, and visualizing data.
Find more information and view the full findings from the
Search-Powered Technologies: A Mission-Critical Enabler For The
Digital Future Of Business study here.
Methodology:
The study “Search-Powered Technologies: A Mission-Critical
Enabler For The Digital Future Of Business” (April 2022) was
commissioned by Elastic. Forrester Consulting conducted a global
survey of 832 data architecture strategy decision-makers at global
enterprises in Australia, Brazil, France, Germany, Japan, The
Netherlands, the United Kingdom, and the United States. The custom
survey began in April 2022 and was completed in April 2022.
About Elastic:
Elastic (NYSE: ESTC) is a leading platform for search-powered
solutions. We help organizations, their employees, and their
customers accelerate the results that matter. With solutions in
Enterprise Search, Observability, and Security, we enhance customer
and employee search experiences, keep mission-critical applications
running smoothly, and protect against cyber threats. Delivered
wherever data lives, in one cloud, across multiple clouds, or
on-premise, Elastic enables 18,000+ customers and more than half of
the Fortune 500, to achieve new levels of success at scale and on a
single platform. Learn more at elastic.co.
Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company
and product names may be trademarks of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20220802005968/en/
Jenn Malleo Elastic Public Relations PR-Team@elastic.co
Elastic NV (NYSE:ESTC)
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