Data Catalog Market Trends

Growth Drivers

• Increasing Use to Enhance Employee Productivity and Quality of Life – In order to become data-driven companies are intending on introducing such technologies that can help employees to get access to the data more faster and easily. As per a report, an employee spends 70% of his time finding data and 30% of time utilizing it. Therefore, a data catalog helps by not requiring them to do one task repetitively and enables a central source of data for everyone.
• Increasing Integration of Self-Service Analytics – Companies can monitor their data by easily creating reports, self-service analytics can be easily possible with the help of data catalogs. Furthermore, the growing need for smart business tools, real-time accessibility of data, escalating automation technology, and reduced infrastructure cost are a few significant factors driving the growth of the data catalog market in the expected timeframe.
• Drives Data Discovery and Assists in Data Governance – A group of standards, rules, and regulations that ensures proper reliability, accuracy, and consistency of data is known as data governance. As it can also be used for digital transformation driving corporate work, and informed decisions. Daily a large amount of data is generated in every company and it becomes challenging for employees to gather significant information from those data. This large amount of data also puts limitations on management and data governance. In this case, a data catalog can help in speeding up the search for notable data and monitoring inside an organization.

Challenges

• Data Diversity and Complexity – Modern organizations deal with a wide variety of data types, formats, and sources. The diversity and complexities pose limitations to creating a unified data catalog that can effectively organize and manage all the different types of data.
• Data Security Concerns Associated
• Data Quality Might Get Effected