By David Gutierrez.
Companies across industries are investing heavily in data collection and storage technologies like the Internet of things (IoT) and the cloud in hopes of improving every facet of their operations. International Data Corporation (IDC) predicts that digital transformation spending will reach nearly $2 trillion by 2022.
But while business investments run high, few companies are seeing tangible business results. This is because simply gathering vast amounts of data doesn’t necessarily mean that information will yield valuable insights.
In fact, results can be just the opposite. Having troves of data can quickly overwhelm a company that hasn’t laid a foundation to deliver knowledge to end users across the workplace.