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Monday, March 20, 2023

New Research Finds Information Intelligence Maturity Drives 3x Higher Enterprise Outcomes

Information intelligence specialist Collibra has sponsored a brand new IDC white paper, the 2022 Information Intelligence Index, that finds organizations with larger ranges of maturity regarding knowledge intelligence are more likely to notice larger enterprise advantages and efficiency in comparison with their friends.

Information intelligence solutions the who, what, the place, when, and why questions that give context to a company’s knowledge to permit for higher knowledge administration, governance, and safety. The maturity of a company’s knowledge intelligence is determined by the way it combines a number of associated elements to construct knowledge tradition and enhance knowledge literacy: “In a digital-first world, organizations have to put knowledge first,” reads the paper’s introduction. “A company that places knowledge first is one which has a robust knowledge tradition, knowledgeable by intelligence about knowledge, which permits knowledge cataloging, lineage, high quality administration, and governance to enhance belief in knowledge and enterprise outcomes.”

The 4 ranges of information intelligence maturity. Supply: Collibra/IDC

Within the examine, 67% of respondents reported that entry to intelligence about necessary knowledge is essential to their success. Nonetheless, 65% reported challenges with figuring out and controlling knowledge sources, with solely 5% claiming no knowledge governance points.

IDC recognized 4 teams among the many survey’s respondents starting from low to excessive ranges of maturity throughout knowledge intelligence administration, knowledge cataloging, knowledge governance, knowledge high quality, knowledge tradition, and knowledge intelligence metrics (see graphic at proper). The paper illustrates how probably the most mature, data-driven firms in Stage 4 are implementing and organizing their knowledge cataloging, governance, and high quality efforts in probably the most environment friendly approach for successfully activating knowledge intelligence. IDC says probably the most mature organizations are progressive, cautious to stick with regulatory compliance, and targeted on lowering time to marketplace for new services and products. The paper concludes that these mature firms are realizing 3 times extra enterprise advantages than their much less mature friends who’ve issue activating knowledge intelligence.

This graph exhibits survey responses concerning knowledge catalog capabilities. Supply: Collibra/IDC

The examine highlights the important thing aims firms have for knowledge intelligence initiatives, together with making enhancements in knowledge safety (50%), knowledge high quality (44%), effectivity of information administration and analytics (45%), and the way knowledge is used for resolution making (42%). Information modernization efforts, pushed by the necessity for elevated operational effectivity, have been famous as an goal by 38% of respondents who’re turning to newer cloud knowledge warehouses and lakes for his or her scalability and efficiency.

Information tradition and technique are additionally necessary for mature organizations, and the examine discovered that 86% of respondents have a devoted group answerable for knowledge tradition and knowledge literacy. In addition they have a better illustration of teams exterior of IT collaborating in knowledge initiatives and usually tend to have a chief knowledge officer main general knowledge technique, in accordance with IDC.

Along with the informative white paper, Collibra commissioned IDC to create a Information Intelligence Evaluation Instrument. Organizations can use this evaluation instrument to search out their very own knowledge intelligence maturity stage in comparison with friends. The instrument additionally gives a custom-made report with ideas for optimizing knowledge intelligence elements.

These are the information governance processes survey respondents have in place. Supply: Collibra/IDC

Collibra is understood for its work in selling knowledge governance earlier than it was cool, and it has expanded that focus to general knowledge intelligence, together with governance and lineage, cataloging and discovery, high quality and observability, in addition to privateness and safety. The corporate doubled its valuation to over $5 billion up to now yr, and this sponsored white paper could replicate why Collibra’s emphasis on knowledge intelligence is paying off.

“The findings from IDC present that whereas organizations acknowledge the necessity for knowledge intelligence, adoption and cultural boundaries stay the largest problem to maximizing worth and sustained enterprise success,” stated Stijn “Stan” Christiaens, Co-founder and Chief Information Citizen at Collibra. “When organizations have government management prioritizing knowledge tradition and actively participating quite a lot of stakeholders in knowledge intelligence, digital transformation efforts succeed. Investing in knowledge tradition is probably the most important transfer a company could make to make sure effectivity, productiveness, and a robust aggressive benefit.”

Learn your entire 2022 Information Intelligence Index right here.

Associated Objects:

Information Intelligence Focus Rewarding for Collibra

The Rise and Fall of Information Governance (Once more)

Collibra Proclaims Funding from Snowflake to Increase Information Intelligence for Snowflake Information Cloud

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