Data Integrity Trends

Precisely
PreciselyPrecisely
Data Integrity
Trends
Cameron Ogden | VP of Product Management
18 July 2023
Data Integrity Trends
“The world is experiencing a
level of disruption and
business risk not seen in
generations…
…some companies freeze and
fail, while others innovate,
advance, and even thrive.”
Macro forces are impacting your business
Changing
regulatory and privacy
environment
Volatile
market conditions
Long-term
pandemic impacts
Long-term pandemic effects
E-commerce sales
increased 43%, requiring
accelerated digital
transformation
43% 75%
75% of consumers report
having changed their
buying behavior
permanently
1 in 5 adults left their jobs in
2021 at the start of the
“great resignation,” creating
skills shortages1
1in 5
1. Pew Research Center, 2. US Census Bureau, 3. McKinsey
Changing regulatory and privacy environment
expected cost of data
theft, leaks and
breaches in 2023
increases scrutiny
8
of consumers would like
to see legislation
preventing the sale of
their data
of S&P 500 companies now
publish ESG (Environmental,
Social, and Governance)
reports.
64%
90%
1. Center for Audit Quality, 2. Cybersecurity Ventures, 3. Prosper Insights & Analytics
$
Trillion
Volatile market conditions
Data Integrity Trends
Business
Agility
Talent shortage
and skill gaps
Unpredictable
consumer
demands
Demand for and
data privacy and
security
Increased ESG
requirements
Explosion of
artificial
intelligence
Supply chain
disruption
Data
DATA
• 450 companies surveyed across all industries
and countries
• Drexel is one of only 39 private institutions
to receive the prestigious Carnegie R1
classification as a doctoral university with
very high research activity
• Precisely is partnering with Drexel University
on new data integrity research.
NOW AVAILABLE
77%
report data-driven
decision-making as
the top priority for
data programs
QUESTION:
What are your organization's goals for data programs?
76.6%
72.8%
62.4%
58.6%
57.1%
56.8%
52.7%
Data-driven decision-making
Operational efficiency
Cost reduction
Revenue generation
Regulatory compliance
Risk mitigation
Customer retention
“2023 Data Integrity Trends & Insights Report” June 2023
Trust in data is low…
QUESTION:
How would you rate your organization’s
ability to trust the data being used for
decision-making?
… and impacts data programs
Poor data quality is the #1 challenge
to DATA INTEGRITY for 50% of respondents
Poor data quality is the #1 challenge facing
DATA INTEGRATION projects for 60% of
respondents
Poor ADDRESS AND LOCATION DATA is
the #1 challenge to achieving optimal
data quality levels for 41% of
respondents
“2023 Data Integrity Trends & Insights Report”
June 2023
45%
Only 45% have
high trust in their
data for decision-
making
Top priorities for data integrity
“2023 Data Integrity Trends & Insights Report” June 2023
QUESTION:
What are your organization’s top priorities for improving data
integrity in 2023?
52.7%
49.6%
45.0%
40.7%
27.9%
22.5%
14.0%
13.2%
5.0%
Data quality
Data integration
Data security and privacy
Data governance
Data observability
Data enrichment
Address verification and enrichment
Spatial analytics
Other (please specify)
#1 focus area in 2023 is
improving data quality,
followed closely by
data integration.
With 77% of organizations
reporting reliance on location
for decision-making, spatial
analytics and data enrichment
are poised for increased focus.
Economic downturn…
QUESTION:
How has the economic downturn impacted your
organization’s data strategy?
Decrease in staffing &
resource allocation
… influences data strategy
Decrease in budget
40%
37%
QUESTION:
Which of the following trends are influencing
your organization’s overall data strategy?
57% Cloud
adoption
49%
43%
43%
Advanced data
analytics
Workflow
automation
Digital
transformation
41% AI/ML
30%
21%
DataOps
Data democratization
Respondents are turning to cloud, advanced
analytics, and automation to drive down costs and
resource requirements
“2023 Data Integrity Trends & Insights Report”
June 2023
The bottom line
ASK US FOR A COPY!
For all the details,
download
Data is more important
than ever for your business
initiatives
Trust in your data impacts
your ability to thrive and
survive
Data quality is the primary
issue affecting data
programs
Technology investments
are leveraged to do more
with less
Data Integrity is essential
for trusted data
Data integrity is data with maximum
accuracy, consistency, and context for
confident business decision-making
Data
Integrity
The typical data
integrity journey
Organisations follow a common
path to gain trust in their data
Data
Cloud / VPC / On-Premises
Data
Integration
Data
Observability
Data
Quality
Geo
Addressing
Spatial
Analytics
Data
Governance
Data
Enrichment
APIs and SDKs
Enterprise Business
Systems
• Enterprise apps
• Analytics tools
• Precisely industry apps
• BI dashboards
• AI/ML
Enterprise Data Sources
• Business Intelligence
• CRM
• Workforce mgmt.
• Data warehouse
• ERP
• Billing
Data Integrity Services
Data Integrity Foundation Data catalog Intelligence Agents
Data Integrity Suite
• Drives full data integrity lifecycle
• Modular SaaS
• Unified foundation
• AI-powered core
• Hybrid deployment (Cloud, VPC, On-
prem)
…some companies freeze and
fail, while others innovate,
advance, and even thrive.”
Thank You
1 sur 24

Contenu connexe

Similaire à Data Integrity Trends(20)

cisco-privacy-benchmark-study-2023.pdfcisco-privacy-benchmark-study-2023.pdf
cisco-privacy-benchmark-study-2023.pdf
AproximacionAlFuturo21 vues
Vanson Bourne Infographic: Big DataVanson Bourne Infographic: Big Data
Vanson Bourne Infographic: Big Data
Vanson Bourne404 vues
Panel - Digital Marketing in the New Era of Privacy & Data Governance - Ashle...Panel - Digital Marketing in the New Era of Privacy & Data Governance - Ashle...
Panel - Digital Marketing in the New Era of Privacy & Data Governance - Ashle...
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions7 vues
Who's big on big data?Who's big on big data?
Who's big on big data?
The Economist Media Businesses1.4K vues

Plus de Precisely(20)

Dernier(20)

Liqid: Composable CXL PreviewLiqid: Composable CXL Preview
Liqid: Composable CXL Preview
CXL Forum120 vues
CXL at OCPCXL at OCP
CXL at OCP
CXL Forum203 vues
The Research Portal of Catalonia: Growing more (information) & more (services)The Research Portal of Catalonia: Growing more (information) & more (services)
The Research Portal of Catalonia: Growing more (information) & more (services)
CSUC - Consorci de Serveis Universitaris de Catalunya59 vues
[2023] Putting the R! in R&D.pdf[2023] Putting the R! in R&D.pdf
[2023] Putting the R! in R&D.pdf
Eleanor McHugh36 vues
ChatGPT and AI for Web DevelopersChatGPT and AI for Web Developers
ChatGPT and AI for Web Developers
Maximiliano Firtman161 vues

Data Integrity Trends

  • 1. Data Integrity Trends Cameron Ogden | VP of Product Management 18 July 2023
  • 3. “The world is experiencing a level of disruption and business risk not seen in generations…
  • 4. …some companies freeze and fail, while others innovate, advance, and even thrive.”
  • 5. Macro forces are impacting your business Changing regulatory and privacy environment Volatile market conditions Long-term pandemic impacts
  • 6. Long-term pandemic effects E-commerce sales increased 43%, requiring accelerated digital transformation 43% 75% 75% of consumers report having changed their buying behavior permanently 1 in 5 adults left their jobs in 2021 at the start of the “great resignation,” creating skills shortages1 1in 5 1. Pew Research Center, 2. US Census Bureau, 3. McKinsey
  • 7. Changing regulatory and privacy environment expected cost of data theft, leaks and breaches in 2023 increases scrutiny 8 of consumers would like to see legislation preventing the sale of their data of S&P 500 companies now publish ESG (Environmental, Social, and Governance) reports. 64% 90% 1. Center for Audit Quality, 2. Cybersecurity Ventures, 3. Prosper Insights & Analytics $ Trillion
  • 10. Business Agility Talent shortage and skill gaps Unpredictable consumer demands Demand for and data privacy and security Increased ESG requirements Explosion of artificial intelligence Supply chain disruption
  • 11. Data
  • 12. DATA
  • 13. • 450 companies surveyed across all industries and countries • Drexel is one of only 39 private institutions to receive the prestigious Carnegie R1 classification as a doctoral university with very high research activity • Precisely is partnering with Drexel University on new data integrity research. NOW AVAILABLE
  • 14. 77% report data-driven decision-making as the top priority for data programs QUESTION: What are your organization's goals for data programs? 76.6% 72.8% 62.4% 58.6% 57.1% 56.8% 52.7% Data-driven decision-making Operational efficiency Cost reduction Revenue generation Regulatory compliance Risk mitigation Customer retention “2023 Data Integrity Trends & Insights Report” June 2023
  • 15. Trust in data is low… QUESTION: How would you rate your organization’s ability to trust the data being used for decision-making? … and impacts data programs Poor data quality is the #1 challenge to DATA INTEGRITY for 50% of respondents Poor data quality is the #1 challenge facing DATA INTEGRATION projects for 60% of respondents Poor ADDRESS AND LOCATION DATA is the #1 challenge to achieving optimal data quality levels for 41% of respondents “2023 Data Integrity Trends & Insights Report” June 2023 45% Only 45% have high trust in their data for decision- making
  • 16. Top priorities for data integrity “2023 Data Integrity Trends & Insights Report” June 2023 QUESTION: What are your organization’s top priorities for improving data integrity in 2023? 52.7% 49.6% 45.0% 40.7% 27.9% 22.5% 14.0% 13.2% 5.0% Data quality Data integration Data security and privacy Data governance Data observability Data enrichment Address verification and enrichment Spatial analytics Other (please specify) #1 focus area in 2023 is improving data quality, followed closely by data integration. With 77% of organizations reporting reliance on location for decision-making, spatial analytics and data enrichment are poised for increased focus.
  • 17. Economic downturn… QUESTION: How has the economic downturn impacted your organization’s data strategy? Decrease in staffing & resource allocation … influences data strategy Decrease in budget 40% 37% QUESTION: Which of the following trends are influencing your organization’s overall data strategy? 57% Cloud adoption 49% 43% 43% Advanced data analytics Workflow automation Digital transformation 41% AI/ML 30% 21% DataOps Data democratization Respondents are turning to cloud, advanced analytics, and automation to drive down costs and resource requirements “2023 Data Integrity Trends & Insights Report” June 2023
  • 18. The bottom line ASK US FOR A COPY! For all the details, download Data is more important than ever for your business initiatives Trust in your data impacts your ability to thrive and survive Data quality is the primary issue affecting data programs Technology investments are leveraged to do more with less
  • 19. Data Integrity is essential for trusted data Data integrity is data with maximum accuracy, consistency, and context for confident business decision-making Data Integrity
  • 20. The typical data integrity journey Organisations follow a common path to gain trust in their data Data
  • 21. Cloud / VPC / On-Premises Data Integration Data Observability Data Quality Geo Addressing Spatial Analytics Data Governance Data Enrichment APIs and SDKs Enterprise Business Systems • Enterprise apps • Analytics tools • Precisely industry apps • BI dashboards • AI/ML Enterprise Data Sources • Business Intelligence • CRM • Workforce mgmt. • Data warehouse • ERP • Billing Data Integrity Services Data Integrity Foundation Data catalog Intelligence Agents
  • 22. Data Integrity Suite • Drives full data integrity lifecycle • Modular SaaS • Unified foundation • AI-powered core • Hybrid deployment (Cloud, VPC, On- prem)
  • 23. …some companies freeze and fail, while others innovate, advance, and even thrive.”