Over half of UK companies overwhelmed by data, as security and sustainability challenges grow
Thu 13 Jul 2023
More than half of UK companies (58%) are overwhelmed by the amount of data they manage, and almost two thirds (65%) of leaders are concerned they cannot detect a data breach in time to protect data, according to a new survey from Hitachi Vantara.
As new and exciting data-intensive technologies and applications like Generative AI are spurring a goldrush to greater insights, automation, and predictability, these technologies are simultaneously exacerbating the already-strained infrastructure and hybrid cloud environments on which they run.
The company conducted the global survey of 1,288 C-level executives and IT decision makers, including 111 in the United Kingdom, to quantify the extent to which organisations are struggling to manage their data infrastructure in a secure and sustainable way. Key UK findings include:
- Leaders say that data is one of their most valuable assets but are concerned about the security and resilience of their data infrastructure; 74% are concerned their organisation will be unable to adapt to meet upcoming demands.
- Only 24% of leaders have full confidence in the cyber-security policies and practices of their third-party data infrastructure providers.
- 57% of leaders are concerned over whether their organisation’s data infrastructure is resilient enough to recover all data from ransomware attacks.
- 28% of respondents admitted that important data was not backed up and 34% had experienced data inaccessibility due to storage outages.
“Part of the problem for many companies is that they are storing data without the right strategy or data infrastructure tools in place. In fact, 75% of companies globally said they stored every piece of data, just in case, as much as half of their data is ‘dark,’ or never used,” said Bharti Patel, Senior Vice President for Product Engineering at Hitachi Vantara.
“The reality is that today’s infrastructure modernisation involves state-of-the-art platforms that not only provide greater speed, reliability, and protection of data, but they also require significantly less space and energy requirements, so businesses can gain more value from their data while also reducing their carbon footprint at the same time. Organisations that are proactive today in prioritising these critical areas will have a significant advantage in the market in the years to come.”
A hybrid cloud world
The study also shed light on the future of data storage, with the hybrid cloud model leveraging a mix of public/private cloud, co-location and on-premises expected to persist.
For UK business leaders, the study found data stored in an already established hybrid cloud with percentages of data center workloads located almost evenly between the public cloud (26%), private cloud (25%), on-premises (26%), and co-located/managed services (22%). Notably, the percentages were expected to largely stay the same in the coming two years.
Among the UK leaders surveyed, 38% said they needed the most help improving their cybersecurity defences. The report emphasises the significance of implementing a deliberate strategy for becoming a data-driven company. To achieve this goal, business leaders must consider:
- Infrastructure modernisation is essential to overcome the bottleneck of legacy systems that hinder digital transformation. By adopting modern data infrastructure, IT leaders can dynamically scale their systems, improve performance efficiency, and optimise costs by paying only for what is utilised.
- Empowering users is crucial for quick decision-making based on available data. To address this issue, businesses are encouraged to establish a comprehensive security and access framework while providing training to employees to ensure responsible data usage.
- Limiting waste is vital to maximise the value of data. To combat data waste, bold leaders are advised to prioritise data cleanup initiatives and to streamline operations and enhance overall efficiency.
By embracing these three steps, business leaders can propel their organisations towards becoming data-driven, unlocking new opportunities for growth and success.
The data management research study was conducted through an online survey with industry experts. A 41-question study was conducted among C-suite executives and IT leaders. Companies were recruited from all major industries across 12 markets (US, Brazil, Mexico, UK, Germany, Italy, India, Singapore, Indonesia, China, Australia, and New Zealand). The data was weighted to ensure a 70:30 split between IT leaders and C-suite executives respectively. Industries were also weighted equally. The sample for the survey included only large organisations (annual global turnover of over $500 million) and may not be representative of all organisations.
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