CX-hdr-2018

Cohesity Research Underscores Critical Challenge Facing Enterprises in a Data-Driven Economy

Sydney, 15 November 2018 – Cohesity, the leader of hyperconverged secondary storage, today announced the results of a global survey that validates a critical problem plaguing enterprises around the world: mass data fragmentation. The survey of 900 senior IT decision makers worldwide revealed that among Australian respondents, 87 percent believe their organisation’s secondary data is fragmented across silos and is, or will become, nearly impossible to manage long term, the consequences of which could be devastating. Respondents cited growing fears around competitive threats, compliance risks, job losses, sinking morale, and missed opportunities to increase revenue by as much as 10 percent.

Mass data fragmentation refers to the growing proliferation of data spread across a myriad of different locations, infrastructure silos, and management systems that prevents organisations from fully utilising its value. The survey, commissioned by Cohesity and conducted by Vanson Bourne, found that 84 percent of decision makers in Australia believe it’s important, very important, or extremely important to solve the challenges of mass data fragmentation. Respondents include enterprises in the United States, United Kingdom, France, Germany, Australia, and Japan across a variety of industries including financial services, healthcare, life sciences, media and entertainment, technology and the public sector.  The companies represented in the survey had average revenues of US $10.5 billion.

“IT leaders globally are wrestling with mass data fragmentation and the snowball effect caused by this critical infrastructure challenge,” said Mohit Aron, CEO and founder of Cohesity.  “Data silos create compute and management silos and it becomes nearly impossible for organisations to solve this constantly growing problem. Data becomes a burden when it really should serve as a competitive asset.”

What Is Driving Mass Data Fragmentation?

The results show there are several core issues accelerating mass data fragmentation challenges.

Data is massively siloed: There is fragmentation across and within silos. This problem is exacerbated by the sheer volume of point products used to manage secondary workloads such as backups, file shares, object stores, test and development, and analytics.
- 44 percent of respondents in Australia reported using six or more different solutions to manage all of their secondary data operations. 11 percent of organisations use 11 or more solutions

Data copies are multiplying: There are copies of the same data everywhere because point products don’t allow data sharing or reuse.

  • 56 percent of organisations have between 4-15 copies of the same data.

Data is spread across multiple locations: Data sprawl is happening on-premises and in the cloud, adding even more management complexity.

  • 85 percent of respondents in Australia store data in two to five public clouds, and that includes 21 percent that store data in four or more public clouds.
  • Among organisations that store data in public cloud, 81 percent report making an alternate or redundant copy of that data, storing it in either the same public cloud or another public cloud, adding even more data copies to oversee.

Mass data fragmentation has the potential to wreak havoc on IT teams and budgets that are already spread thin. The overwhelming majority of respondents in Australia believe it will take their IT teams more time to manage secondary apps and data – on average 32 percent more time or an additional 16 weeks each year – if proper tools aren’t in place.  And, for those who believe their organisation’s secondary data is fragmented, 61 percent fear they will exceed their IT budget due to spending on unnecessary storage.

Concerns About Compliance, Competitiveness, and Employee Wellbeing 

The survey also uncovered serious risks that mass data fragmentation poses to organisations.  

Compliance risks and competitive challenges: At a time when compliance regulations are front of mind for organisations, 93 percent of respondents in Australia said they were concerned about the level of visibility that the IT team has into secondary data across all sites

Of those who feel that their organisation’s secondary data is fragmented across different silos of infrastructure:

  • 53 percent believe that failing to address mass data fragmentation will put their organisation at a competitive disadvantage.
  • 43 percent said customer experience would suffer because fragmentation would make it impossible for their organisations to glean insights from secondary data.
Employee wellbeingIf IT is expected to manage all of the organisation’s secondary data and apps without proper technology:
  • 47 percent in Australia fear massive turnover on the IT team, and 20 per cent said that they or someone on their team would likely consider quitting.
  • 39 percent in Australia believe culture within the IT team will take a nosedive because expectations are out of whack and the organisation is not set up for success.
  • 43 percent in Australia said employee satisfaction and morale would suffer.

Solving Mass Data Fragmentation Unlocks Significant Rewards

91 percent of senior IT decision makers in Australia said that if half of the IT resources their organisation spends managing secondary data were redeployed to more business-critical IT actions, it could have a positive impact on the company’s revenues over a five-year period.

29 percent of respondents in Australia believe this adjustment in IT resources could increase revenues by at least six percent over a five-year period. And, ten percent say revenue could increase by eight to ten percent or more.

With average revenue of companies in the survey above $10B, an eight to ten percent increase would translate to roughly $800M to $1B in new revenue opportunities.

For More Information

About Cohesity 

Cohesity makes your data work for you by consolidating secondary storage silos onto a hyperconverged, web-scale data platform that spans both private and public clouds. Enterprise customers begin by radically streamlining their backup and data protection, then converge file and object services, test/dev instances, and analytic functions to provide a global data store. Cohesity counts many Global 1000 companies and federal agencies among its rapidly growing customer base and was named to Forbes’ “Next Billion-Dollar Startups 2017,” LinkedIn’s “Startups: The 50 Industry Disruptors You Need to Know Now,” and CRN’s “2017 Emerging Vendors in Storage” lists. For more information, visit: http://www.cohesity.com

 

FQ Editor

Written by FQ Editor

Press release from an outside source. Please consult the organisation directly for details about this release.

Topics: press release

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