Analyses of business data management practices reveal that many enterprises lack the ability to maximise the value of the vast quantities of data they generate.
Committed to helping customers CLIMB HIGHER™ to transform their businesses and improve commercial performance, Iron Mountain, a global leader in innovative storage and information management services, has developed ‘How to understand the value of your data’, a step-by-step guide on how enterprises should assess, process and store data in order to best extract new value, build operational resilience and deliver business impact.
[1]. South Africans’ average traffic per capita per month has also increased from 6.5 GB in 2016 to 18.6 GB in 2021[2]”, said Kevin Akaloo, national head of sales - private and public sector at Iron Mountain South Africa. “Enterprises account for 42.2% of that number, which is creating new challenges around data storage and management. These obstacles need to be overcome as organisations that make best use of their data to inform mission-critical decisions have the potential to gain a competitive advantage.”
Iron Mountain research reveals that COVID-induced investments in digital solutions have exploded, with most data decision makers (86%) saying their deployment gave their organisation a competitive edge. The findings from the study inspired the creation of the guide book, which looks at the reality of data management in 2021 and provides practical guidance for organisations to ensure that they have the tools to succeed.
‘How to understand the value of your data’ details six steps that, when combined, can prevent valuable data ending up in a digital landfill:
- Take a proactive stance towards data management
- Develop a robust data tiering system
- Invest in data life cycle automation suite
- Only pay for the storage space you actually need
- Make your data work smarter, not harder
- Establish best practices, organisation-wide
The guide expands on each of these actions to create practical strategies for maximising the value trapped in inefficiently managed data. A copy of ‘How to understand the value of your data’ can be downloaded here.
[1] IDC Worldwide Global DataSphere Forecast, 2020–2024 April 2020
[2] Cisco VNI Forecast 2021, South African Highlights
