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

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


We are enthusiastic to carry Renovate 2022 again in-person July 19 and nearly July 20 – 28. Sign up for AI and info leaders for insightful talks and enjoyable networking alternatives. Sign-up currently!


A new report by Confluent outlines small business-amount positive aspects, issues, and chances of genuine-time data streams as tech leaders all over the planet see it. The report exhibits how knowledge streams can in the long run engage in a position in the achievement corporations realize now and into the future.

One of the most essential findings in the report was the correlation amongst knowledge streaming and the base line. The report discovered that the majority of leaders have entry to some diploma of real-time information streams (97%), but these with popular accessibility (66%) are at a important gain. Much more than fifty percent of this group (56%) claimed revenue growth bigger, and even a lot higher, than their opponents. 

Of training course, consumer satisfaction is a main indicator of profits. The report uncovered that 3 in four corporations say they would reduce prospects with no entry to the insights from serious-time facts streams. In an era in which shoppers expect interactions to be personalized and offered right away throughout channels, manufacturers are leaning on true-time information to maximize customer fulfillment.

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

Though there is a obvious correlation in between serious-time info streams with happy customers and revenue, using advantage of details in motion isn’t so easy. The report found that a lot of corporations deficiency the architecture to integrate and profit from information and facts that flows from a variety of resources. In reality, 60% of respondents reported complications integrating numerous info sources was the prime hurdle to accessing far more true-time information.

The report is primarily based on a 15-moment blind study (executed from January to March 2022) of 1,950 IT and engineering leaders throughout the United States, United Kingdom, France, Germany, Australia and Singapore. All respondents have been full-time personnel of companies with far more than 500 workers.

Study the whole report by Confluent.

VentureBeat’s mission is to be a digital city square for specialized selection-makers to acquire information about transformative company technological know-how and transact. Find out much more about membership.



Source link