target audience: TECH BUYER Publication date: Sep 2024 - Document type: IDC Perspective - Doc Document number: # US52600624
The Importance of Centralized Data in Achieving Operational Excellence and Resilience
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Abstract
This IDC Perspective highlights the criticality of operational data management for organizations to achieve success in their digital transformation initiatives. Being data driven is increasingly becoming a competitive necessity, and effective operational data management will set apart operational leaders from laggards. This is true across a wide range of global industries and for organizations of all sizes and types. Those that aggregate, standardize, contextualize, and liberate their operational data effectively will be better positioned to extract new meaningful insights.
"Every organization understands the benefits that data can bring to operational decision-making. However, many companies struggle to maximize the value of their data due to ineffective data management. To become truly data driven, operations must embrace modern data philosophies and commit the necessary resources to bring operations into the digital age. This will only become more important as new technologies continue to advance, setting up operations to take advantage of AI/ML," says Reid Paquin, research vice president, Future of Operations at IDC.