Are IT leaders investing in unstructured data analytics?
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Data & Analytics
Are IT leaders investing in unstructured data analytics?
By Tilly Kenyon
September 01, 2022
2 mins
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Komprise’s research found that IT leaders are focused on unstructured data management as a way to not only cut costs, but to protect sensitive data
Komprise, a leader in analytics-driven unstructured data management and mobility recently found that more than 50% of organisations are managing 5PB or more of data, compared with less than 40% in 2021.
The Komprise 2022 Unstructured Data Management Report examined unstructured data management challenges and opportunities in enterprise IT organisations. Participants reported on topics from how much data they are managing to cloud data priorities and future approaches to unstructured data management.
According to the company, a key takeaway from the report is the shift from driving storage efficiencies to delivering data services in the cloud including the ability to leverage file and object data in cloud analytics tools for new value and competitive gain.
Making the most out of data
It was found that nearly 68% of organisations are spending more than 30% of their IT budget on data storage, backups and disaster recovery. This is then meaning IT leaders are feeling pressure to manage data more granularly and cost-effectively. The survey showed that cloud file storage, followed closely by cloud object storage, are top areas of investment.
The largest obstacle to unstructured data management (42%) is moving data without disrupting users and applications. Despite this, 65% of organisations plan to or are already investing in delivering unstructured data to their new analytics / big data platforms.
“After cutting costs, IT leaders are motivated to improve self-service for end users and departments by moving more data to the cloud. In unstructured data management, self-service typically refers to the ability for authorised users outside of data storage disciplines to easily search, tag, enrich and move data to new tools and services through automation. This delivers faster time to value for users looking to leverage vast unstructured data stores for new insights and revenue-generating activities, by using cloud data lakes and analytics platforms,” said Krishna Subramanian, Co-founder, COO and President of Komprise.
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Data & Analytics
FIS Revolutionises Business Finances with AI
By Sophie Rice
February 11, 2025
3 mins
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Discover how FIS Revenue Insight uses AI to transform financial operations, ensuring liquidity and fostering growth
Global fintech company, FIS provides innovative technology solutions to help financial institutions, businesses and developers advance the way the world pays and protect their assets.
One of its latest solutions, FIS Revenue Insight, harnesses AI to transform accounts receivable management and refine the efficiency of collections, crucial for maintaining liquidity, minimising debt losses and boosting overall efficiency.
Unlocking greater financial insight
FIS Revenue Insight uses proprietary AI-powered predictive analytics that delivers actionable insights that help companies proactively identify risks. This innovative solution is designed to elevate cash flow management and refine collection strategies.
With 81% of businesses reporting an increase in delayed payments, according to a survey by American Express, the need for enhanced predictive capabilities in finance is becoming increasingly critical. FIS Revenue Insight helps mitigate these challenges by bringing 'technology harmony to the money lifecycle'.
Seamus Smith, group president of Automated Finance, FIS, explains: “Revenue Insight, as part of the FIS Automated Finance suite, can revolutionise the way CFOs manage cash flow in today’s fast-paced environment.
“Our vision is to provide systems that turn finance from a cost centre into a growth partner, taking the friction out of finance through visibility, real-time insights and innovation that maximises revenue and strengthens customer relationships.
“A data-driven, proactive approach to accounts receivable management is critical for our clients to balance money in motion while maintaining a competitive edge and financial stability.
“With the help of Revenue Insight, our clients can take the guesswork out of collections.”
FIS Automated Finance suite
The FIS Automated Finance suite supports greater AI-driven financial management. This AI-driven financial management platform helps businesses streamline their operations and drive automation from revenue management to receivables and payables.
By facilitating predictive analytics for accounts receivable (AR) management and automating invoice processing, the suite not only boosts financial stability by optimising collection and foreseeing risks but also drives operational efficiency by reducing manual labour and errors.
What are the benefits of FIS Revenue Insight?
• Proactive cash flow management
• Improved collections efficiency
• Automation & reduced manual errors
• Data-driven decision making
• Seamless integration & scalability
The comprehensive capabilities of the FIS Automated Finance suite helps support CFOs across various industries to reduce risks, modernise financial procedures and fuel growth.