Intelligent Fin.tech Issue 24 | Page 36

F E A T U R E

F E A T U R E

BY TAKING A STRUCTURED AND REALISTIC APPROACH , SPEAKING WITH EXPERTS AND DEPLOYING THE RIGHT TOOLS , EVERY BUSINESS CAN UNLOCK THE POWER OF THEIR DATA BRAIN .
budget and to the intended scope – a source of frustration , stress and cost for internal teams .
• Despite the move to more open technology stacks and APIs , 81 % of IT leaders say integration issues still plague the IT industry – with 79 % lamenting that ‘ it ’ s near impossible to get a single organisational view ’.
• Three-quarters ( 76 %) say the complexity of their data architecture is increasing exponentially . As a result , 85 % say associated costs are increasing every year , and 69 % say it is becoming increasingly difficult to manage .
While complexity will inevitably continue to grow , Penton argues this doesn ’ t have to result in ballooning costs and confusion – simplification is the key : “ Don ’ t try to boil the ocean – start with a smaller data set and then expand to ensure you are getting things right , and doing it in a timely manner . Complexity isn ’ t going away , but automation , common tooling , lowcode and no-code can make it easier to manage data .
“ By taking a structured and realistic approach , speaking with experts and deploying the right tools , every business can unlock the power of their data brain .” �
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