Report: Majority of companies are not fully utilizing valuable data

by Joseph K. Clark

According to recently released survey findings, more than two-thirds of companies are still struggling to utilize their valuable dataThe survey from data integration company Fivetran indicated a few reasons for this. Forty-four percent of respondents stated that crucial data isn’t usable for decision-making, and 68% said they didn’t have the time to derive value from data

Further, almost all respondents (98%) have trouble building the necessary pipelines to access their data. The exact number of respondents also said that the channels they do have often break, and half said it happens more than once per month. 

utilizing valuable data

There were some respondents whose pipelines broke daily, and the reasons cited include source availability and data schema changes. 

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Fifty-five percent of respondents said that it takes longer than one business day to repair pipelines.  “Data engineers are the forces behind revenue-impacting business decisions, yet they are still burdened by the limitations of brittle, hard-to-maintain data pipelines. Companies should be aware of the challenges these valuable employees face so they can deliver reliable data more easily to business stakeholders,” said George Fraser, CEO of Fivetran.

Other survey findings included that 79% of respondents plan to hire more data engineers this year, 86% use multiple solutions to build new data pipelines, and 72% move data daily.  In addition, 41% of respondents claimed that their top data-related challenge is a lack of data strategy within their organization. This includes policies, processes, and standardized technology.

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