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Home Banking

Using Dark Data to Unleash Business Potential

by Heidi Bullman
March 19, 2020
in Banking, Digital Transformation, Resources
Reading Time: 3 mins read
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Using Dark Data to Unleash Business Potential
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Dark data is data that’s collected in regular processes but ends up stored and perhaps forgotten in siloed functional applications. While it’s certainly available for use, it’s not assigned for a specific purpose, which is why it’s at risk of being left behind. “Think of [it] like all of the pictures you’ve ever taken on your phone,” explained Tom Taulli for Forbes. “Most of them will never be used or even viewed again, but they are there. So as for dark data, it’s all the information companies collect, don’t use, have no plans to use, but will never throw out. It’s web logs, visitor tracking data, surveillance footage, email correspondences from past employees, and so much more.”

Although the concept of dark data isn’t a new one, IT operations leaders are motivated now more than ever to use dark data to build a better understanding of their business as well as unleash potential opportunities.

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However, therein lies the problem: organizations have valuable information in their departmental application but it’s not immediately accessible to business intelligence tools connected to data warehouses. Once this is understood, IT operations leaders and executives must work to move this data out of apps and into their data warehouse without creating performance limitations or requiring lots of developer resources to make it happen.

“As an IT operations leader, you want to look at the history – or into the future – to predict, “how do we best serve our businesses based on the trends and changes we’re seeing across our organizations? Those analytics tools, those BI tools, aren’t in [your PaaS] or any of the SaaS apps, they’re in the data warehouse,” Explained industry expert, Andrew Pritchard.

From there Pritchard explained that, when analyzing this data, there’s a push for continuous intelligence. This means that rather than relying on updates, where the data is moved from a SaaS app to a data warehouse, leaders in IT want instant and seamless access to create and run reports wherever and whenever. The challenges with this is that it leads organizations to believe they can tackle their own integration and with the immense data growth and overflow of reporting growth, performance will undoubtedly decline.

On tackling the need for instant access and seamless integration, “Perspectium DataSync, provides an as-a-service approach to moving data and automating the management and creation of the data store and the management of data flowing between your application and your data repository,” said Pritchard.

With organizations looking for ways to harness all this data that’s been locked away, seamless integration, that handles continuous data growth while eliminating performance decline, is possible. Using platforms rooted in a service approach can move data and keep it flowing for easy accessibility.

Tags: dark datadataITperspectiumservice nowtechtechnology

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