Data Fabric Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Data Fabric Statistics 2023: Facts about Data Fabric outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Data Fabric, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Data Fabric Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

On this page, you’ll learn about the following:

Top Data Fabric Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 12 Data Fabric Statistics on this page 🙂

Data Fabric “Latest” Statistics

  • By 2024, 25% of data management suppliers, up from 5% currently, will offer a complete foundation for data fabric.[1]
  • Data fabric efficiency can reduce the time for integration design by 30%, deployment by 30%, and maintenance by 70%.[1]
  • Data fabric can determine what data is being used and make recommendations for further, distinct, and better data, which, in turn, can diminish data-management requirements by up to 70%.[2]
  • The global data-fabric market will hit 3.7 billion from 1.6 billion this year at a CAGR of 22.2% by 2026.[2]
  • In 2018, the data-fabric market size was appreciated at 812.6 million and is predicted to grow at a CAGR of 23.8% from 2019 to 2026, reaching 4,546.9 million by 2026.[3]
  • Asia-Pacific would exhibit the highest data-fabric market CAGR of 26% during 2019-2026.[3]
  • There is no need to go further to understand why 83% of CEOs want their businesses to be more data-driven.[4]
  • 80%–90% of consumers are searching for more reputable businesses to secure their data in nations including the U.S., Canada, China, India, and the UK, among others.[5]
  • Organizations intended to automate 49% of data integration and 37% of data preparation tools by 2020, according to the Data and Analytics Adoption Trends Study.[5]
  • 50% of Gartner client surveys around the topic of AI hold a discussion on the use of graph technology.[6]
  • The HPE Ezmeral data fabric resulted in a 57% smaller cost for data analytics.[7]
  • The HPE Ezmeral data fabric occurred in 52% less time per query and 20X more queries.[7]

Also Read

How Useful is Data Fabric

At its core, data fabric is designed to provide a unified and holistic view of an organization’s data, enabling decision-makers to analyze and derive insights that were previously inaccessible due to data silos and fragmentation. By breaking down these barriers, data fabric enables organizations to leverage the full potential of their data assets and unlock new opportunities for growth and innovation.

One of the key benefits of data fabric is its ability to provide a real-time, up-to-date view of an organization’s data environment. This real-time visibility allows businesses to make more informed decisions, react quickly to changing market conditions, and proactively address potential issues before they escalate. In today’s fast-paced business landscape, having access to timely and accurate data is crucial for staying ahead of the competition and adapting to rapidly evolving customer needs.

Furthermore, data fabric empowers organizations to rapidly scale their data infrastructure to meet the demands of a growing business. As data volumes continue to explode, traditional data management approaches are increasingly struggling to keep up with the pace of data growth. Data fabric offers a flexible and scalable solution that can adapt to changing business requirements and accommodate the ever-increasing volumes of data being generated.

Another important aspect of data fabric is its ability to democratize data access within an organization. By breaking down data silos and streamlining data integration, data fabric enables employees at all levels of an organization to access and analyze the data they need to drive better business outcomes. This democratization of data promotes a culture of data-driven decision-making and empowers employees to contribute to the organization’s success more effectively.

In conclusion, the value of data fabric lies in its ability to transform the way organizations manage and leverage their data assets. By providing a unified and seamless data environment, data fabric enables organizations to extract maximum value from their data, make more informed decisions, and drive innovation and growth. As organizations continue to grapple with the complexities of a data-driven world, data fabric offers a powerful solution that can help them thrive in an increasingly competitive and dynamic business landscape.

Reference

  1. dataconomy – https://dataconomy.com/2022/06/what-is-data-fabric/
  2. internationalbanker – https://internationalbanker.com/technology/data-fabric-simplifying-data-management-in-an-increasingly-data-reliant-world/
  3. alliedmarketresearch – https://www.alliedmarketresearch.com/data-fabric-market
  4. forbes – https://www.forbes.com/sites/tableau/2022/05/17/data-fabrics-bring-the-power-of-data-to-the-people/
  5. fortunebusinessinsights – https://www.fortunebusinessinsights.com/data-fabric-market-105979
  6. gartner – https://www.gartner.com/smarterwithgartner/gartner-top-10-data-and-analytics-trends-for-2021
  7. hpe – https://www.hpe.com/us/en/software/ezmeral-data-fabric.html

Leave a Comment