Data management demands higher cloud-based investments
In the age of big data, businesses are faced with managing an ever-expanding amount of information that comes in structured and unstructured forms, on a range of devices. Firms that don’t have a strategy in place for proper database administration may risk compromising efficiency.
However, a recent survey conducted by Symantec revealed that most businesses are behind in realizing the significance of data management practices. Only 34 percent of enterprises have a fully-functioning data retention plan implemented. Additionally, the number of respondents who have no plan in place at all for database governance dropped from 14 percent in 2011 to only 7 percent of firms in 2012.
While 81 percent of businesses surveyed by Symantec emphasized that the ability to continually eliminate unnecessary information is critical to effective data management, 42 percent of data backups are permanently retained.
Order in the cloud
CMS Wire estimated that the amount of corporate information that is electronically stored in databases more than doubles every year, and businesses that cannot access important files in a timely manner will suffer as a result of interrupted workflow and slowed decision-making. One of the source’s major predictions for electronic discovery trends in 2013 is that cloud computing will change the way that organizations handle mass volumes of data.
Because virtualization gives businesses limitless flexibility in terms of storage capacities and predictive analytic technology, firms that move to the cloud can more effectively manage information. According to CMS Wire, businesses can transition systems into the cloud in as little as 48 hours, and as storage and organization demands fluctuate, cloud services adapt to those requirements. The source further asserted that enterprises that outsource management practices to database experts can focus more on internal operations.
One of the primary negative consequences to poor data management is that it can have a significantly detrimental impact on business success. Symantec’s survey respondents receive an average of 17 requests from clients and legal agencies for electronic files, and businesses reported that fulfilling these requests failed 31 percent of the time. Efficient file accessibility is critical to operations, and 43 percent of survey respondents cited an inability to make quick decisions as the main issue to failed data access. Other respondents cited legal trouble as well as reputation damage as major problems that resulted.
Enterprises that leverage cloud services and seek remote database support can benefit from better information governance and improved productivity.
RDX also offers a full suite of cloud migration and administrative services that can be tailored to meet any customer’s needs. To learn more our full suite of cloud migration and support services, please visit our Cloud DBA Service page or contact us.