Intelligent Fin.tech Issue 24 | Page 33

F E A T U R E

F E A T U R E

Appsbroker & CTS , a leading Google Cloud-only consultants , recently released a new report showing that IT leaders are still struggling to get full value from their ‘ data brain ’ – the data an organisation captures and analyses to drive business value .

The data maturity report , Making the Most of Your Data Brain , revealed most ( 91 %) of the 150 UK IT leaders surveyed said they have a specific mandate from their board or executive team to make their organisation more data-driven and datacentric . However , almost three quarters ( 73 %) still struggle to transform data into delivering significant business value . Key findings include :
• Not firing on all cylinders : Businesses are using less than twofifths ( 39 %) of their data brain – with 69 % admitting to hoarding data in data lakes and using just a fraction of it .
• Data friction persists : 88 % of organisations said they face hurdles to becoming data-driven , with the top-ranking issues being IT and data complexity , legacy systems and a lack of skills and resources .
• Data citizens left out in the cold : 87 % of respondents think empowering citizen developers will help businesses overcome the data skills gap , but 81 % lack the skills and know-how to enable data citizens .
This lack of access to timely and accurate data has serious ramifications for businesses , as 39 % confirm they have overspent or underspent on projects . And as far as they are aware , 37 % of www . intelligentfin . tech
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