In the Autonomous Digital Enterprise, a Data-Driven Business uses artificial intelligence (AI) and analytics to extract and monetize valuable data from traditional sources like records and new sources like Internet of Things (IoT) devices, social media, and customer engagement systems.
What Is an Autonomous Digital Enterprise?
The Autonomous Digital Enterprise is a forward-looking view of the future state of business, one in which agile, customer-centric, insight-driven companies evolve their operations to survive and thrive in the midst of persistent disruption. The Data-Driven Business is one of five technology-enabled tenets that galvanize and sustain the Autonomous Digital Enterprise.
Current Business Challenges
Forbes estimates that by 2025, more than 150 zettabytes of data will need analysis*, yet Accenture found in a recent survey of 190 U.S. executives that 81 percent of companies lack an enterprise data strategy to fully capitalize on their data assets.** There’s a reason for that lag. Getting your arms around all that data and using it to grow your business can present an array of challenges, including:
Multiple teams, tools, processes, and sources of upstream and downstream data
High failure risks, inability to scale, and difficult governance
Expensive, inefficient monitoring and controlling capabilities
Managing constant data streams fast enough to meet customers’ performance expectations
Ensuring optimal performance and availability for existing services while continuing to innovate