What Are Data Pipelines and How Do They Strengthen IT Infrastructure?
There’s a reason that companies are leveraging the power of data everywhere they can. In fact, data is predicted to be part of “every decision, interaction and process,” by 2025, according to a McKinsey report. Data is king, and its use can propel a company forward or keep it mired down.
On one hand, data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers and 19 times more likely to be profitable.
On the other hand, 95 percent of businesses cite the need to manage unstructured data as a problem, and poor data quality costs the U.S. economy upward of $3.1 trillion annually.