Confluent
Munich (ots)
Data streaming is the foundation for all critical business areas, from personalized customer experiences to real-time business operations. This is also shown by the current data streaming report published by Confluent, Inc. (NASDAQ: CFLT): “Moving Up the Maturity Curve”. The study surveyed 2,250 IT executives from seven countries, who had previous experience with data streaming technology in a wide range of medium-sized to large companies.
The focus of the report is the data streaming maturity curve. It shows the use of data streaming from the pre-production phase at level 1 to its use as a strategic enabler for all business areas at level 5. The more a company invests in data streaming, the greater the operational and financial gains , this achieves it.
The most important findings at a glance:
Data streaming increases business value and ROI
- 64% of companies at Stage 2 of the maturity curve are achieving or expecting 2x to 5x higher earnings; for Tier 3 companies, this increases to 78%.
- 73% of IT executives report that data streaming significantly or increasingly benefits their organization in terms of product or service profitability.
Data streaming is a high priority in IT investments
- 89% of respondents cite investments in data streaming as important and 44% as a top strategic priority for IT investments overall.
- 72% of IT leaders use data streaming for critical applications; 60% state that five or more of their company’s critical systems are based on this technology.
The biggest challenges of data streaming are silos and skill gaps
- 74% of IT executives see fragmented projects and lack of team and budget alignment as a challenge or impediment to increasing the use of data streaming.
- 87% of respondents rank training and hiring as high or medium priorities when it comes to data streaming investments over the next 12 months.
“In today’s economic climate, more than ever, IT leaders need to demonstrate that investing in new technologies really pays off,” observed Chad Verbowski, CTO of Confluent. “Our Data Streaming Report proves that data streaming leads to significantly higher revenues and greater efficiency in most companies. No wonder that investments in data streaming technologies are at the top of the IT agenda in 2023.”
The full Data Streaming Report is available here to download ready.
Press contact:
The Hoffman Agency GmbH
Ina Rohe / Chariklia Lazaridis
Emil Riedel Str. 18 – 80538 Munich
[email protected]
Original content by: Confluent, transmitted by news aktuell
