{"id":25941,"date":"2021-04-10T06:00:00","date_gmt":"2021-04-10T13:00:00","guid":{"rendered":"https:\/\/insidebigdata.com\/?p=25941"},"modified":"2021-04-11T12:04:16","modified_gmt":"2021-04-11T19:04:16","slug":"singlestore-research-highlights-spike-in-data-demands-amid-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/insidebigdata.com\/2021\/04\/10\/singlestore-research-highlights-spike-in-data-demands-amid-covid-19-pandemic\/","title":{"rendered":"SingleStore Research Highlights Spike in Data Demands Amid COVID-19 Pandemic"},"content":{"rendered":"\n<p>Many aspects of life and work stopped or slowed down significantly during the pandemic. But new research from&nbsp;<a href=\"https:\/\/www.singlestore.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">SingleStore<\/a>, the unified database for fast analytics, indicates that data requirements in the age of COVID-19 have been greater than ever. This research is based on a 500-person survey of IT professionals that Propeller Insights conducted in January 2021 on behalf of SingleStore.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cThe pandemic expedited digital transformation, distilling the digitization that would have normally taken two to three years down to just six months,\u201d said SingleStore CEO Raj Verma. \u201cOrganizations\u2019 ability to adjust and adapt at this speed was nothing short of amazing. But now that the dust has settled, many companies are left grappling with data platforms that can\u2019t easily handle all of their diverse data types and workloads, scale economically, or address the growing cloud complexity.\u201d<\/p><\/blockquote>\n\n\n\n<p><strong>The Pandemic Is Only Increasing The Need For Simplification, Modernization and Results<\/strong><\/p>\n\n\n\n<p>The vast majority (85.5%) of the survey group said that they have seen an increase in data demands since the start of the pandemic. But many said that their existing database or databases are not up to the task of handling the pandemic era\u2019s volume and velocity of data:<\/p>\n\n\n\n<ul><li>43.8% of the IT professionals responding to the SingleStore survey said that they have experienced three to four database-related bottlenecks since the start of the pandemic.<\/li><li>More than a fifth said they have faced six to seven bottlenecks amid COVID-19.<\/li><li>This may help explain why 72% of IT professionals who responded to the SingleStore survey said that they have considered changing their database services in the past year.<\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cThe pandemic sent data volume and velocity \u2013 which were already on a rapid rise \u2013 into the stratosphere,\u201d said Verma. \u201cThe existing data platforms that many organizations use today are struggling to keep up. That is creating climbing concurrency demands; rising costs and complexity; sluggish event-to-insight response; and unmet service level agreements.\u201d<\/p><\/blockquote>\n\n\n\n<p><strong>Cloud Migration, Cost Control, New Workloads, Outdated Systems Are Key Drivers Of Change<\/strong><\/p>\n\n\n\n<p>SingleStore research indicates that cloud migration is the leading reason that organizations are looking to embrace a new database \u2013 and leave added cost and complexity behind. More than half (51.8%) of those surveyed said cloud migration is driving them to consider modernization.<\/p>\n\n\n\n<p>Nearly half (46.4%) said they want to adopt a new database because their current solution is too expensive. Almost as many (41.3%) said their current solution doesn\u2019t meet new workload demands. More than a third (38.3%) said that their existing database has reached end of life.<\/p>\n\n\n\n<p>Some IT professionals are considering modernizing their data platform to address today\u2019s requirements and prepare them for success in the future. But many actually expect to make such changes in the coming months. More than a third (36.7%) of IT professionals said they plan to replace their current data solutions in the next three to six months. An even greater share (37.1%) said they will implement a modern data platform in the next six months to a year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cThe conventional wisdom in recent years has been to use a specialized datastore per workload. This is a relic of the previous era of cloud data management. It isn\u2019t effective for achieving the real-time analytics experience that is essential in modern applications and winning SaaS products,\u201d said Verma. \u201cAnalytics provide a clear direction on the steps that organizations can take to keep customers and employees happy, and even save lives. Yet many organizations forego analytics in exchange for better database performance.\u201d<\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cInterest in the upcoming&nbsp;Couchbase IPO&nbsp;and recent&nbsp;Snowflake public offering&nbsp;highlight that today\u2019s modern, data-driven enterprises want and need help managing data. But in some ways, the solutions from such companies are echoes of the past,\u201d he added. \u201cWhat\u2019s needed now is a unified approach that leverages SQL, brings together real-time streaming data and analytics on multi-model data, and supports an agile, flexible cloud deployment model. With SingleStore, organizations get all of that in one high-performance, low-latency, easy-to-use platform.\u201d<\/p><\/blockquote>\n\n\n\n<p>The SingleStore database enables fast analytics on any data, anywhere to support organizations\u2019 analytics and customer experiences. SingleStore removes complexity and cost by supporting both transactions and analytics; handling structured, unstructured and semi-structured data; and working in public clouds, on-premises environments and hybrid deployments.<\/p>\n\n\n\n<p><em>Sign up for the free insideBIGDATA&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/insidebigdata.com\/newsletter\/\" target=\"_blank\">newsletter<\/a>.<\/em><\/p>\n\n\n\n<p><em>Join us on Twitter:&nbsp;@InsideBigData1 \u2013 <a href=\"https:\/\/twitter.com\/InsideBigData1\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/twitter.com\/InsideBigData1<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many aspects of life and work stopped or slowed down significantly during the pandemic. But new research from SingleStore, the unified database for fast analytics, indicates that data requirements in the age of COVID-19 have been greater than ever. This research is based on a 500-person survey of IT professionals that Propeller Insights conducted in January 2021 on behalf of SingleStore.<\/p>\n","protected":false},"author":10513,"featured_media":24114,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[115,87,180,56,84,1],"tags":[854,317,96],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SingleStore Research Highlights Spike in Data Demands Amid COVID-19 Pandemic - insideBIGDATA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebigdata.com\/2021\/04\/10\/singlestore-research-highlights-spike-in-data-demands-amid-covid-19-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SingleStore Research Highlights Spike in Data Demands Amid COVID-19 Pandemic - insideBIGDATA\" \/>\n<meta property=\"og:description\" content=\"Many aspects of life and work stopped or slowed down significantly during the pandemic. 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