Data management is a growing concern for modern companies according to Veritas Technologies, a global leader in enterprise data protection. While companies around the world are quickly recognising the value of accessing data in their digital environment, many UK companies feel that they need to make improvements to the way that they handle, store, and protect that data.
A new tool from Veritas, "Veritas Predictive Insights" could help organisations to take advantage of this new data-rich economy using artificial intelligence and machine learning to deliver always-on business support.
UK Businesses Need Help Handling Data
A recent study conducted by Vanson Bourne on Veritas' behalf studied 1,000 data managers and IT decision makers in 15 countries and found that 84% of businesses need to make improvements to their data compliance strategies. A further 83% of respondents claimed that improvements are necessary to be made to data security, while 81% of UK respondents felt that their organisation are necessary to improve their level of data visibility and control.
The Veritas report revealed that only 15% of business leaders feel that their company is putting data to effective use. The Veritas Predictive Insights tool is one of the ways that Veritas hopes to help their customers get more out of their data strategy. This cloud-based AI and machine learning (ML) engine monitors the health of company technology stacks, detects possible issues, and creates proactive strategies for remediation before additional problems occur. What's more, predictive insights also enhance the availability of the Veritas product, and boost customer satisfaction by preventing unplanned downtime, and ensuring faster fault resolution.
In an environment where only 22% of the IT professionals in the UK believe that data can flow seamlessly throughout their organisation with the right degree of visibility, any tool that helps to support the effective management of business information could be essential.
The Benefits of Veritas Predictive Insights
According to the Vice President and General Manager of Product Management for Veritas, David Noy, it's crucial for today's companies to have constantly-available IT systems and data access. The new Veritas Predictive Insights tool harnesses the power of continuous ML models and artificial intelligence to support and empower IT staff and eliminate business problems before they grow out of control.
Veritas Predictive Insights offers companies access to prescriptive support services like proactive maintenance, capacity forecasting, and performance, as well as compliance determination. The services come from ML and AI models that have access to years of data from tens of thousands of interactions among Veritas customers. This AI/ML engine combined with service personnel input should help organisations to actively improve their business strategies.
