View From the Top by Gary Bloom, CEO
The speed at which data requirements change is outpacing the application development lifecycle in the enterprise, creating enormous challenges for architects and CIOs who look to align IT strategy with needs of the business. Building on existing operational databases and familiar ETL tools, they’re dedicating ever-larger percentages of their budgets to normalize data and define schemas that can deal with change while maintaining the integrity of their mission-critical systems.
However, despite their best efforts to throw money and people at the data schema challenge, they can’t keep up. Due to an acceleration of changes to the business, projects are falling further and further behind. Moreover, failing to see the expected responsiveness from IT, business leaders turn to alternate shadow IT solutions—often without any regard to data governance or provenance, only compounding the CIO’s challenge.
The successful IT leaders I’ve talked to have had to abandon the goal of keeping their structured database schemas current and instead adopt a schema-agnostic database platform. By storing all data together in a database platform with built-in security, reliability and availability, they are able to focus attention on innovative ways the business can use data for both operational systems and analytics—rather than on the difficult task of modeling schemas. They are able to dramatically increase project velocity and accelerate the business.
Data is the world’s most valuable commodity, but it’s not the data itself that’s valuable but rather the experiences with the data—experiences powered by agile and trusted platforms like MarkLogic.