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Date that the article was published: February 22, 2021

Summary

This article talks a lot about how the majority of data collected by businesses in the past has generally gone to waste and been unused. But, because of some technological advances and the work from home environment created by the pandemic, more and more of this data that would have been left unused is being processed and leveraged in order to help achieve business goals.

More Information

Things from the Article we Found most Useful

Some of the things I found most useful from the article were some of the statistics they listed. An example of this come where the article mentions that up to 80% of data collected by businesses goes unused, but this is expected to change drastically over the next 3 years. The author expects this trend to have changed to where more of the data is used than not.

What’s Driving this Changing Trend

The global pandemic has only accelerated this change after businesses and leaders had begun to realize the impact data could have on the daily decisions they make. With face to face interactions less frequent, companies have started to rely on data and statistics rather than a “gut” feeling. In a recent article published by Gartner, by 2022, 90 percent of today’s corporate strategies will unequivocally list information as a critical enterprise asset and analytics as an essential competency.

More Numbers

According to the author, up to 80% of collected data goes unused. Another fact is that according to IDC 59 zettabytes (ZB) of data was created, captured, and copied over the last year. Lastly, according to Gartner, by 2022, 90 percent of today’s corporate strategies will unequivocally list information as a critical enterprise asset

Example Industry where Data is used to Streamline Business Processes

The author mentions the telematics industry as one that’s collecting data and using it efficiently to optimize business processes. Drivers and managers used to rely on paper forms for thing such as hour sheets or vehicle inspection logs but are now using connected solutions to unify and analyze the collected data. The companies are even saving money in the reduced paper and manpower it took to used and collect these paper forms.

About the Author

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Ryan Wilkinson has always been intrigued by technology, focusing on how and why solutions work the way they do. He believes understanding the how and why in technology is imperative in building technology solutions to drive positive outcomes. Ryan has over 10 years of experience in the IoT, cloud computing, and enterprise SaaS market leading teams in delivering solutions that transform how businesses use technology and operate. In his current role as CTO of IntelliShift, Ryan’s expertise in applying geospatial technology, machine learning, and IoT solutions has enabled the IntelliShift platform to help companies align enterprise operations with business goals.

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