The Quote of the Week: “The Gold Is Now Data”

Posted by Joachim Bartels | Dec 3, 2019 | ! Recent Industry News, Analytics, Artificial Intelligence, BIG DATA, Data Aggregation, Data Management, Data Matching, Data Protection, Data Quality, Platforms / Workflow Tools | 0 |

“Businesses are becoming data-driven organizations, and companies that master how to apply their data are creating the most wealth.”

“Five of the top 10 Fortune 500 companies are platform firms. I believe the market for data management and data analytics will explode. The Everest Group assessment is that the global market for data and data analytics will be $135 billion by 2025. Furthermore, data management and data analytics will be one of the most important services and at a top function leading to the success of next-generation companies.”

“Recognizing that data is no longer a byproduct but, rather, the product and how they operate, companies are scrambling internally with how to come to grips with data implications and platform thinking. One of the problems companies face is an acute talent shortage of data management and analytics skills.”

Quote by Peter Bendor-Samuel, CEO of Everest Group.

To read the full article click on this link: Forbes

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.