Data Analytics Remain Top Business Initiative for Retail and Finance to Mitigate New Digital Normal According to LogZilla’s Log Tool Management Study
88% of Respondents Cite Server Storage and Licensing Fees as Limiting Future IoT Projects
- Real-time event data collection defined as “greater than one minute” for 67% of respondents; latency can expose security threats and automation gaps
- Retail and Financial industries able to pivot business strategies utilizing data analysis—however, data ingestion costs still loom
- Manufacturing cites edge security and time-to-installation as top challenges to IoT data projects
LogZilla, the provider of network event orchestration solutions, released the results from its 2020 Log Tool Management Study of enterprise networking challenges, specific to data-driven projects. The Study reflects that IT teams are rapidly deploying new services and offerings based on data analysis, with a majority citing security and compliance as a top priority. While a key findings revealed that 88% of future IoT project challenges are stalled due to costs related to server storage and licensing fee models, more notable was that 67% of respondents cited they experience greater than one-minute delays in their ‘real-time’ logging tools’ feature, which could expose security threats and gaps.
“Our Study identifies a path forward for IT as they embrace their new digital normal to propel themselves ahead of their competitors and become leaders armed with the right tools to deploy against future data-driven projects,” said Clayton Dukes, Chief Executive Officer, LogZilla. “Not surprising was that a business’s resiliency remains heavily dependent on data analysis, yet IT is still vying for a cost-effective alternative to the rising data storage and licensing fees with subscription models that are stalling even the most basic of data initiatives.”