Key Takeaways:
- Despite a significant increase in data analytics usage, only a small percentage of organizations have comprehensive data strategies covering their entire operations.
- Confidence in data quality and accessibility remains alarmingly low among surveyed organizations, with compliance and migration challenges looming large.
- Lack of C-suite ownership and siloed data management approaches hinder effective decision-making, increase costs, and impede the adoption of AI technologies.
Uncovering Data Challenges: In a groundbreaking survey conducted by Syniti and the UK & Ireland SAP User Group (UKISUG), insights into the prevailing data challenges among SAP users have been unveiled. The survey, encompassing senior IT decision-makers from 52 SAP-based organizations, sheds light on critical gaps in data management strategies and their implications for business outcomes, particularly amidst SAP S/4HANA migrations.
The Data Dilemma: Despite the escalating importance of data management in driving business success, the survey findings paint a concerning picture. While a significant majority of respondents acknowledge the growing significance of data analytics, only a mere 12% have developed comprehensive data strategies spanning their entire organizational landscape. This disparity underscores a disconnect between recognizing the importance of data and effectively harnessing its potential to drive meaningful outcomes.
Navigating Data Complexity: Chris Gorton, Syniti EMEA MD and SVP, emphasizes the pressing need for organizations to prioritize a “Data First” approach, particularly in the context of SAP S/4HANA migrations. Gorton highlights the detrimental impact of neglecting data quality and governance, citing stifled decision-making, increased costs, and barriers to AI adoption as primary consequences of suboptimal data management practices.
Empowering Organizational Success: Paul Cooper, Chair of UKISUG, underscores the critical role of robust data archiving and management strategies in facilitating successful SAP S/4HANA migrations. Cooper emphasizes the imperative for organizations to harness data as a strategic asset, enabling them to derive actionable insights and drive operational excellence in an increasingly competitive landscape.
Seizing the Data Advantage: As organizations embark on their journey to SAP S/4HANA, the imperative for a robust data management framework has never been more pronounced. Syniti’s Data First Strategy offers a blueprint for organizations to unlock the full potential of their data assets, enabling them to navigate migration complexities seamlessly and drive sustainable business growth.
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