Market Impact Report

Building alignment around business goals is essential to beginning a data modernization strategy

Home » Research & Insights » Building alignment around business goals is essential to beginning a data modernization strategy

As front-line employees increasingly need real-time analytics, firms must modernize their data estate. Data modernization requires a complex, often hybrid cloud approach; thus, technology teams need to reconsider how their firm captures, processes, and provides access to drive business outcomes while ensuring data security. 

To achieve success, business and technology teams need to understand what changes are required in how they collect, align objectives, and best utilize applications and the cloud to facilitate all aspects of their data fabric. To fill gaps in technology, resources, and talent, many firms will benefit from working closely with a services partner that can bring robust methodologies, partnerships, and resources to deliver results.

Sonata Software provides expertise in cloud, applications, and data modernization services. Its “Platformation” approach helps businesses accelerate their data journeys and deliver business outcomes.

Calls to action
    • Focus on improving data collection to get better data at the beginning rather than governing data with deficiencies.

    • Ensure key business and technology stakeholders share an understanding of what their teams need to access to successfully align efforts and outcomes.

    • Understand the impact of migrating data from legacy architectures as part of your digital transformation journey.

    • Engage your services partner to co-create solutions that can improve how you collect, manage, and protect data to meet your company’s goals.

    • Use the cloud as your data repository only after seeing how it will enable consumption.

    Methodology

    To better understand organizations’ progress on their data management journey and their perception of data quality, HFS Research, in partnership with Sonata Software, surveyed 500 senior executives across enterprises generating between $1 billion and $8 billion in annual revenue across all major industries. This study was conducted in North American and Western European countries in Q2 2023. The data insights were supplemented with HFS’ ongoing data modernization research and interviews with the Sonata Software leadership team to understand how enterprises organize their data efforts, the maturity of data modernization initiatives, and their successes and challenges.

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