Hitachi Vantara paves the way for Data-Driven transformation

During the Dataquest Conference on "Next Gen Strategies on Cloud and Data Management", a session titled "Accelerate your Digital Transformation," Prabhakar Venugopal, Director-Sales at Hitachi Vantara, delivered an insightful presentation shedding light on the challenges and solutions in the journey towards becoming a data-driven organization.

In a rapidly evolving digital landscape, where data has become the cornerstone of decision-making, organizations are seeking innovative ways to leverage their data assets. Prabhakar Venugopal's session at the Dataquest conference underscored the significance of developing a data-driven approach, not just for optimizing operations and supply chains, but also for enhancing customer experiences.

One key point highlighted was the potential to cross-sell products to existing customers based on their preferences. Venugopal noted, "My customer auto loan product can I position a mortgage loan to the same customer. So, I want to develop products the same way I want to optimize my operations or supply chain." This approach highlights the power of data in tailoring solutions that resonate with individual customer needs.

However, as Venugopal acknowledged, the path to becoming data-driven is not without hurdles. He outlined five core challenges that organizations face:

1. Cloud Adoption: The cloud has transformed into a pivotal component of modern business infrastructure. Yet, for established organizations, transitioning to the cloud can be complex and demanding. It requires modernizing applications, revamping infrastructure, and creating a cloud-friendly ecosystem.

2. Data Management: Data is no longer confined to data centers. It's scattered across social media, branch offices, and diverse platforms. Gathering this data into a unified repository and deriving meaningful insights from it pose formidable challenges.

3. Adapting to Software-like Behavior: Every organization today, irrespective of industry, is expected to exhibit software-like behavior to stay competitive. This entails modernizing legacy applications and infrastructure, a daunting task for entities accustomed to traditional operational models.

4. Skills Gap: The digital transformation demands new skills. Experienced IT professionals must shift gears and acquire expertise in cloud technologies, software development, and more. Bridging this skills gap can be a formidable undertaking.

5. Infrastructure Modernization: Organizations often rely on legacy architecture that has served them well for years. However, with the changing technology landscape, modernizing infrastructure becomes imperative to remain agile and competitive.

Despite these challenges, Venugopal emphasized the importance of data-driven decision-making in today's business landscape. He iterated that while organizations might grasp the value of data, not all have successfully embraced this ethos. This leads to the pivotal question: Why do organizations find it challenging to become data-driven?

The session concluded with Prabhakar Venugopal introducing Hitachi Vantara's role in addressing these challenges. Hitachi Vantara positions itself as a partner in solving the complex issues hindering organizations from fully realizing their data-driven potential.

In a world where data is the new currency, Hitachi Vantara's comprehensive offerings hold the promise of enabling organizations to overcome the hurdles that come with digital transformation. With a global brand legacy, deep industry partnerships, and a commitment to ensuring data availability and compressing storage, Hitachi Vantara provides a compelling proposition.

Prabhakar Venugopal's session at the Dataquest event shed light on the challenges organizations face in embracing a data-driven approach. Through his insights, he not only highlighted the obstacles but also offered a glimmer of hope by showcasing Hitachi Vantara's solutions as a catalyst for a successful digital transformation journey. As the business world continues to evolve, the lessons from this session will undoubtedly guide organizations on their path to a data-driven future.