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SingleStore Research Indicates a Spike in Data Demands

by CIO AXIS

Data requirements in the age of COVID-19 have been greater than ever, according to a report from database management system SingleStore. This research is based on a 500-person survey of IT professionals that Propeller Insights conducted in January 2021 on behalf of SingleStore.

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’s volume and velocity of data:

  • 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.
  • More than a fifth said they have faced six to seven bottlenecks amid COVID-19.
  • 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.

SingleStore research indicates that cloud migration is the leading reason that organizations are looking to embrace a new database – and leave added cost and complexity behind. More than half (51.8%) of those surveyed said cloud migration is driving them to consider modernization.

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’t meet new workload demands. More than a third (38.3%) said that their existing database has reached end of life.

Some IT professionals are considering modernizing their data platform to address today’s 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.

“The 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’t effective for achieving the real-time analytics experience that is essential in modern applications and winning SaaS products,” said SingleStore CEO Raj Verma.

“Analytics 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.”

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