BCG study: Data costs & architectural complexity reach a tipping point

A recent study led by Boston Consulting Group, co-sponsored by Red Hat and Starburst, highlights the growing challenges faced by enterprises due to the increasing complexity and costs associated with data architectures. More than 50% of data leaders identify architectural complexity as a significant pain point, exacerbated by the proliferation of data vendors and the exponential growth of data volumes. The report reveals that 50% of stored data is dark, meaning it is not used for actionable insights, while the difficulty in attracting skilled data professionals adds to the complexities. With total data costs projected to grow significantly, organizations are encouraged to adopt new architectural paradigms like data mesh to address issues related to data access and silos. Despite these challenges, the study suggests a shift toward more comprehensive solutions as companies are at a tipping point, urging a reconsideration of current data strategies for better management and insights.