With 25,000 students and staff accessing systems both from campus and remotely, having a better visibility into the institution’s networks was not only important to improve security measures for user activity or to keep information safe from attacks. Flinders University, a research institution in Adelaide, South Australia, is a great example on how data visibility enables decision-makers to make meaningful choices within the business. In this high-speed digital transformation landscape, businesses not only need a complete view of their data, but the ability to act upon it quickly. We will not share your details with third parties. I have read and accept the privacy policy and terms and conditions and by submitting my email address I agree to receive the Business IT newsletter and receive special offers on behalf of Business IT, nextmedia and its valued partners. Despite over two thirds (72%) of Australian organisations reporting good or excellent progress in implementing automated data monitoring to capture ongoing and real-time answers, for more than half (58%) uncovering and better utilising dark data is still one of the top five IT and business priorities for the next 2 years. However, for many organisations it is still a challenge to bring data to the core of the business and leverage it on strategies and decision-making processes.
It, therefore, isn’t surprising to note that 73% of organisations around the world have accelerated their data innovation initiatives and projects in comparison with before the pandemic – with New Zealand (58%) and Australia (32%) among the ones to report a significant acceleration on data projects.
There is a considerable achievement gap between organisations with mature data practices versus data-innovation beginners that puts mature business as leaders in not only generating game-changing ideas, but in bringing them to life in record time.Įven though the world faced many other disruptions before, it’s clear that the COVID-19 pandemic has been a driving force to expand the way organisations see data and the competitive advantage they can have when using it to drive innovation. That’s where data comes in as an essential asset to support organisations not only to survive in this landscape, but to thrive. Consumers expectations for better experiences with brands are also higher than ever, which in turn puts pressure on businesses to be constantly innovating. Almost two years after the beginning of the pandemic, technology has never led so many aspects of life as today – from the way people work to how they manage their lives and connect with the world.
The prolonged and disruptive COVID-19 situation is resulting in profound changes in consumer behaviour and how businesses need to respond.
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