Why Small and Medium Businesses Are Missing Out on the Full Benefits Data Can Provide
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This article examines why SMBs fail to maximize data value despite cloud migration, based on a survey of 800+ C-suite executives.
- Over 50% of SMBs lack knowledge and experience to use data for growth
- Only 35% of SMBs using cloud storage also use cloud-based analytics tools
- 53% don't know what insights their data could provide; 52% don't understand ROI
- 90% modernizing data management, but only 42% investing data for growth
- Top growth areas: product development (57%), service improvement (55%), productivity (52%)
- Cloud migration is first step; unified data infrastructure enables better decisions
- Technology partners provide knowledge, analytics tools, and unified data access
- Example: FreeCast centralized data to improve ad revenue and reduce churn
SMBs must move beyond cloud storage to analytics and unified data infrastructure with expert support to unlock competitive advantages and drive sustainable growth.
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