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Digital Transformation: Leveraging Data as a Fuel for Your Business

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As businesses become more reliant on data, understanding how to use it effectively has become essential. It's one thing to collect the data but quite another to draw meaningful insights from it that help shape decisions taken by business leaders. That is where digital transformation comes in.

According to Forbes, by making 10% more data accessible, a typical Fortune 1000 company will see an increase of $65 million in net income. That's right, $65 million. Imagine what a business could achieve if 50% more data was available? What if 80% more data was available?

Data can help companies make smarter business decisions, whether they are solving challenges in real time or predicting future outcomes. In this blog post, we'll explore the challenges of today's ever-growing data, big data management solutions, cost-effective ways to save money, and how this can lead to a successful digital transformation for your organization. Ready to get started?

Digital Technology Generates More Data Than Ever Before

Connected Devices Will Generate 79 Zettabytes of data by 2025

According to IDC, connected devices will grow to nearly 75 billion by 2025, with IoT platforms accounting for the largest share. Furthermore, the data generated by these devices will reach 79.4 zettabytes by 2025, primarily from video and security surveillance. Now, more than ever, it is important to find a solution to store vast quantities of data, including archiving and managing them for the short- and long-term.

As the amount of data being generated continues to grow, as an AWS Advanced Services Partner, Mindex has experience helping organizations with a wide range of options for collecting, processing, storing, and analyzing big data, using services like Amazon S3 data lake, AWS Lambda, AWS Glue, AWS QuickSight, AWS Redshift, and so much more. 

Mindex cloud architects live and breathe big data. We are continually helping businesses manage and find data solutions to grow their business. For instance, we worked with a large Global Diagnostic Solutions company to replatform their application stack to an AWS serverless stack. Our team replaced their raw data logging Microsoft SQL server database with an Amazon S3 data lake, allowing them to store all their data at an infinite scale for a fraction of the cost. In addition, we integrated analytical and real-time reporting tools to help the client get real-time insights into their business operations.

Read Our Case Study

Cloud drives down costs of storage and data analytics (Elasticity) 

The cloud has revolutionized the way businesses store and analyze data. With pay-as-you-go pricing, organizations can access the resources they need when they need them without having to invest in expensive hardware or software. This immediate availability allows organizations to scale up or down as necessary, making managing large volumes of data easier.

Additionally, cloud storage solutions provide businesses with access to scalable data platforms that can be used to gain insights and provide them with more trusted and secure storage than on-premise storage.

For more information on how you can optimize your storage costs, read our customer case study on how we migrated Alterna Capital Solutions' critical operational system that processes and supports its factoring offerings to a self-hosted, managed cloud via AWS.

Read Our Case Study

Making Data-Driven Business Decisions

Finally, digital transformation is more than just collecting and storing data; it's about leveraging data to determine business objectives, develop business strategies, and introduce transformational initiatives. 

Businesses today want their teams to have the ability to access data collaboratively for a variety of uses ranging from business reporting to ad-hoc analytics - to deep insights drawn from machine learning. They want the flexibility to self-onboard and share data, make data available for analytics in real time, be able to search and analyze data at massive scale, and do so in a manner that adheres to security and compliance requirements. Technology, processes, and people are required for this to occur. With the right tools and strategies, businesses can use data to drive innovation and growth. 

Is it time to embark on your digital transformation?

The cloud expertise of our team is driven by a digital transformation mindset, and we can provide you with a quality solution tailored specifically to your data needs. We are ready to transform your business - contact us today to learn more.  

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