New privacy regulations and the need to make more use of enterprise data are driving investment in data management initiatives, reveals a new report from ASG Technologies.
According to The Future of Enterprise Data: Democratized and Optimized, compliance is the largest driver of data management initiatives for half of the 200 CIOs surveyed for the report.
One third (35%) say they plan to increase their investment in data governance next year in response to new privacy regulations such as GDPR and the California Consumer Privacy Act.
The report highlights the extent to which CIOs are having to balance the requirement for compliance with the need to provide greater access to data so that more employees can make business decisions based on data-driven insights.
Almost three-quarters (70%) of CIOs report that they have deployed a self-service data catalogue or business intelligence tool to enable employees to access and leverage business data.
In addition, 50% of CIOs feel that better self-service data management tools could cut user requests for data in half, reducing the burden on IT teams.
Currently, IT teams are the biggest users of enterprise data within businesses (81%), followed by finance teams (64%), marketing teams (63%) and business development teams (57%).
Two-thirds of CIOs report that only half of their organisation’s assets are available digitally, compared to 30% with three quarters of data available digitally.