Digital transformation is back at the top of every agenda and remains the number one priority for CIO’s. According to IDC, direct digital transformation investment is growing and expected to approach $6.8 trillion by 2023. The largest growth is anticipated to come from data intelligence and analytics as companies create information-based competitive advantages.
Challenges as a result of a pandemic have only accelerated digital transformation initiatives as workforces have been required to go remote with very little time to prepare. Organizations are now forced to radically alter the way they do business - retiring traditional processes to more agile principles. Nonetheless, many organizations still rely on manual processes that slow down the development with data, making it harder to outpace the competition.
Build a successful digital transformation plan with data-driven automation
Simplified business data strategies are becoming a priority as organizations increasingly rely on data to make critical and strategic decisions to better serve their customers.
Here are a few ways automation can help set you up for data-driven transformation:
1. Establish the right foundation in the cloud
This allows businesses to protect their data from the fast-growing internal and external attacks without threatening the availability of their main applications. Cost and performance are important drivers of cloud adoption as well as operational agility and greater efficiency.
2. Identify new revenue streams with data-driven insights
Today, organizations depend on exploring data as in-depth as possible to extract the maximum amount of valuable information. They depend on utilizing the right tools to extract the information and enable them to take full advantage of the data collected to make smarter decisions faster. The key to this success is choosing the platform that provides analysts with an efficient way to consolidate data from multiple systems, spreadsheets and other data sources into a trusted, maintainable, and query-optimized source.
3. Protect your data and reduce the risk of a data breach
It’s not a secret that data breaches continue as cyber criminals are becoming smarter and more innovative to circumvent security measures. Additionally, as data volumes grow, so do the challenges of protecting it.
What is available today?
Oracle created the Modern Data Warehouse – a single, integrated machine learning solution that includes such services as the self-driving autonomous data warehouse, integration, data lakes, data science, and analytics services – all in one to make business decisions faster.
The modern data warehouse simplifies the entire data life cycle, including data ingestion, transformation, curation, discovery, and analysis. With a modern data warehouse, you can extract the highest value from your data in order to better serve customers today while enabling business innovation for tomorrow.
Interested to learn more, download our NEW Modern Data Warehouse ebook.