Intelligent Data Centres Issue 15 | Page 14

LATEST INTELLIGENCE POWER YOUR BUSINESS TRANSFORMATION WITH AN ENTERPRISE DATA CLOUD PRESENTED BY DOWNLOAD WHITEPAPERS AT: WWW.INTELLIGENTDATACENTRES. COM/WHITEPAPERS What does it mean to be insights-driven? Is data the new bacon? The world’s most valuable resource? The fuel that powers the digital enterprise? Whatever metaphor you choose, the point holds that the most successful companies in the world build their business around compelling insights derived from data. The five technology giants, known to investors as FAANG (Facebook, Amazon, Apple, Netflix, Google) use data to drive business strategies that surprise and delight their customers every day, and the market has rewarded them handsomely. As of March 2019, the market capitalization of these companies was equal to $3.1 trillion. Being insight-driven isn’t just in the domain of consumer tech. Banks rely on data to prevent financial crimes and reduce customer churn. The automotive industry is investing heavily in data and artificial intelligence to power autonomous vehicles. Manufacturing companies leverage data and analytics to predict and prevent machine downtime, speeding the route of new products to market. While putting data and analytics at the center of your business strategy may sound obvious, it’s easier said than done. Digital transformation often requires a change in company culture that includes rethinking how people work with data, where it’s stored, and the tools used to access it. In fact, it can be such a struggle that many enterprises wind up stalling or abandoning their transformation strategies altogether. ◊ 14 Issue 15 www.intelligentdatacentres.com