Report: 56% of IT leaders say data streaming leads to higher revenues

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A brand new report by Confluent outlines business-level advantages, challenges, and alternatives of real-time data streams as tech leaders around the globe see it. The report exhibits how data streams can finally play a task within the success organizations understand now and into the long run.

One of a very powerful findings within the report was the correlation between data streaming and the underside line. The report discovered that almost all of leaders have entry to some extent of real-time data streams (97%), however these with widespread entry (66%) are at a significant benefit. More than half of this group (56%) reported income development higher, and even a lot higher, than their rivals.

Of course, buyer satisfaction is a significant indicator of income. The report discovered that three in 4 organizations say they might lose clients with out entry to the insights from real-time data streams. In an period the place customers count on interactions to be customized and accessible instantly throughout channels, manufacturers are leaning on real-time data to enhance buyer satisfaction.

76% of organizations say they're likely to lose customers to competitors without customer insights provided by real-time data streams.

While there’s a clear correlation between real-time data streams with pleased clients and income, taking benefit of data in movement is not really easy. The report discovered that many companies lack the structure to combine and profit from data that flows from numerous sources. In reality, 60% of respondents mentioned difficulties integrating a number of data sources was the highest hurdle to accessing extra real-time data.

The report relies on a 15-minute blind survey (carried out from January to March 2022) of1,950 IT and engineering leaders throughout the United States, United Kingdom, France, Germany, Australia and Singapore. All respondents have been full-time workers of corporations with greater than 500 workers.

Read the full report by Confluence.

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