"The Rhime of the Ancient Mariner," by Samuel Taylor Coleridge, described a powerful image of a thirsty sailor surrounded by undrinkable water. Like the sailor, modern organizations are drowning in a sea of data. The question is whether this data could provide deep, valuable insight or prove to be the source of risk & unnecessary cost.
In this post, Marc Wilczek highlights key concerns related to unmanaged and uncontrolled data growth. Wilczek describes five risks that organizations must mitigate to successfully navigate the next stage in their digital transformation.
In the end, data is clearly valuable. Organizations must be deliberate and prescriptive in managing collection, curation, and insights to derive the full value from their data inventory.
Data has become critical to all aspects of human life over the course of the past 30 years. It is the engine spurring digital growth and producing new revenue streams. With 163 zettabytes (or 163 trillion gigabytes) by 2025, the datasphere is projected to grow ten-fold over 2016, reaching an unprecedented order of magnitude, according to IDC’s projections.