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This highlights the growing significance of managing data effectively. As we move forward into 2023, it’s critical for businesses to keep up with the latest trends in data management to maintain a competitive edge. According to a recent study by IBM , the average cost of a data breach is $4.85
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Interestingly, our report found that organizations in 2023 are far less likely than in 2022 to be completely satisfied with the relationship between Finance and IT, decreasing from 54% to 28%. Check out our white paper to learn how your team can maximize its SAP data in 2024 and beyond.
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x: This version reached its end-of-life on November 18, 2023. With sensitive business data at risk, the cost of a breachboth financial and reputationalcan far outweigh the effort of upgrading. This can result in data silos, reduced productivity, and an inability to extract meaningful insights from your data in real time.
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