Yellowbrick Data
announced new survey results that show IT leaders want high performance,
agility and security from their data warehouses, as they improve hybrid and
multicloud cloud environments and move toward new distributed cloud patterns.
More survey respondents (53%)
chose hybrid or multicloud data warehousing as one of the most important data
warehousing-related trends of this year, over any other trend. Nearly a
majority (48%) said real-time analytics was one of the most important trends.
And a surprising 28% cited edge analytics support - for IoT, mobile and
factory-floor needs, among others - as one of the most important trends,
revealing that a growing number of companies are already solving for advanced
data warehousing use cases, some with data gravity and data sovereignty
challenges. In these cases, distributed cloud that brings analytics to the
data, rather than data to the analytics, is emerging as the optimal, logical
pattern to yield the fastest insights and best business value.
As enterprises migrate workloads
to reap the benefits of public cloud and, hand-in-hand, look to modernize their
data warehouses to build more flexible and efficient business intelligence
systems, they are trying to better manage ever-increasing volumes of data,
especially unused "dark data." According to 451 Research, less than half of all
data under management at the median company in 2020 was used for analytics, but
by 2022 the volume of data used for analytics purposes is expected to rise by
91%. The new Yellowbrick survey indicates that data security, price/performance
needs for business and investment in current and future tools are all concerns
for enterprises.
Investment Booms in Data
Warehouses, Data Lakes and Data Platforms
"Investments in data warehouse and
data lake modernization accelerated frantically as the pandemic progressed, and
we expect to see that trend continue even as it ends," said Justin Kestelyn, VP
product marketing at Yellowbrick Data. "And clearly, hybrid cloud and
multicloud adoption are becoming popular requirements on the modernization
checklist."
More than half (57%) of survey
respondents said their IT budget has returned to pre-COVID spending levels. A
strong majority (76%) said that they are currently investing more in analytics
infrastructure, such as data platforms and data warehouses, in this climate of
uncertainty. When it comes to the highest analytics-related IT budget
priorities for 2021, respondents cited multiple priorities, including:
- Data warehouse modernization, including cloud journeys -
53%
- Support for real-time analytics - 49%
- Getting more analytics value from a data lake - 40%
- IoT analytics - 34%
Enterprises Want Performance,
Agility and Security with Modernization
For many enterprises, data
warehouse modernization starts with moving to public cloud deployments. Survey
respondents who either recently moved a data warehouse to the public cloud or
are doing so in 2021 cited an array of reasons. But the top two, by far, were
increasing overall data warehouse performance (31%) and improving agility for
faster innovation (28%). When it came specifically to data lakes, which serve
as reservoirs for semi-structured and unstructured data, almost all survey
respondents (97%) are actively working to improve data lake analytics
performance.
"Data warehouse modernization is
about improving price/performance for customers, providing them with the
fastest possible analytics and insights where and when they're needed, and
always keeping data secure and nimble for them," added Kestelyn. "This is
happening through the new pattern of distributed cloud. An emerging view on the
power of distributed cloud holds that data and infrastructure are scattered by
design; it's a feature, not a bug. What that requires is a consistent platform
for data warehouses that can be deployed anywhere and managed as if they were a
single, logical cloud."
When survey respondents considered
how distributed or centralized their enterprise data warehouse is now, only a
quarter (26%) said they have multiple data warehouses and data marts that are
connected. But that quarter signals the future.
Read the entire report here.