Australian IT leaders embrace data streaming

IT leaders are increasingly embracing data streaming for its ability to improve their businesses’ operations, with 83% of respondents to a survey commissioned by Confluent rating the technology as an important priority for IT investments.

The research found that data streaming is delivering a return on investment of between two and 10 times for 73% of Australian businesses. In addition, 94% of respondents expect that the number of data streaming projects will increase over the next three years.

Meanwhile, 90% of IT leaders report that training and recruitment to bolster skills is a high or medium priority as they continue to invest in data streaming.

The most applicable use case for data streaming in Australian organisations is security and compliance awareness (53%). Meanwhile, 49% of organisations are embracing the technology for improving digital risk management.

Confluent Regional Director for ANZ Simon Laskaj said the findings demonstrate that IT leaders view data streaming as a must-have for running a more efficient, responsive and ultimately more competitive business.

“Data streaming has become the de facto way innovative organisations process and derive value from their data,” he said.

“Australian business leaders are savvy to this trend and are already reaping the benefits of data streaming — particularly in cybersecurity and compliance, where many organisations with legacy solutions have been left exposed over the past year.”

Image credit: iStock.com/nadla