Data is the driving force behind innovation and a critical asset to data-driven organizations. But today’s data volumes are growing: the global datasphere is expected to reach 393.9 zettabytes by 2028. Data is also becoming more distributed and diverse, stored across various systems and repositories, cloud and on-premises environments.
Managing this increasingly complex mountain of data is a significant challenge. Organizations struggle with silos, data staleness (which occurs when there are gaps in time when data has not been updated), data governance and high network latency.
Compounding the challenge of modern data management is the pressure to be agile and innovative. Today’s markets are volatile, and organizations understand they need real-time data processing to respond quickly to change. Gen AI has also emerged as a competitive imperative, expected to raise global GDP by 7% within the next 10 years.
However, gen AI requires huge amounts of high-quality data to produce worthwhile outcomes. And, for use cases where gen AI models must respond in real-time (such as fraud detection or logistics) it’s crucial that data is provided as soon as it’s collected. Currently, only 16% of tech leaders are confident their current cloud and data capabilities can support gen AI.1
Real-time data integration helps satisfy this contemporary need for immediate data access, while also providing the benefits of traditional data integration—that is, reducing data silos and improving data quality. It also increases operational efficiency by enabling faster time to insights and data-driven decision-making.