Global Study Reveals Search-Powered Technologies are Driving the Future of Digital Business

New Study Commissioned by Elastic Shows 8 out of 10 Data Leaders Agree that Investing in Search-Powered Technology Drives Results that Matter for their Organizations

• 84% of data leaders report that the success of their digital transformation initiatives relies on search-powered technologies

• 83% of data leaders agree that a single, integrated search platform would help reduce costs for their business

• 85% of data leaders say they want to improve the ability to find information across multiple clouds and data storage environments

Elastic, the company behind Elasticsearch, announced a new global study that shows search-powered technology is critical to the success of digital transformation and harnessing the power of data.

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The study, titled Search-Powered Technologies: A Mission-Critical Enabler For The Digital Future Of Business, is based on a survey of more than 800 data leaders in eight countries. The research illustrates how search-powered technologies—the tools that enable the search of data across multiple sources—fuel business-critical initiatives, including cloud migration and utilization, cybersecurity, and customer experience.

According to the study, data leaders remain consistent on a future vision to integrate cybersecurity, observability, and enterprise search point solutions into a single platform, citing search-powered solutions that offer a breadth of functionality, including high storage capacity, a cloud-based platform, and scalability, as crucial to powering their digital transformation initiatives.

“As organizations look ahead to the digital future of business, they need technologies that turn a growing volume of raw data from a variety of disparate sources into accessible and useful business insights,” said Matt Minetola, Chief Information Officer, Elastic. “Search-powered technologies provide the critical functionality to help organizations drive speed, scale, and productivity for the next wave of digital transformation.”

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Data leaders expect a shift toward integrated platforms over isolated point solutions over the next three years—and they expect integrated platforms to incorporate a wide range of point solution functionality

• 83% of respondents agree that using a single integrated search platform help them reduce costs for their business and 81% report that it enables them to give time back to their teams to do meaningful work.
• 76% of respondents report that an integrated platform should include security, data visualization, and analytics solutions.
• 72% of respondents expect an integrated platform to include enterprise search functionality.
• 67% of respondents expect an integrated platform to include an observability solution.

The study further reveals that data leaders will require more from search-powered technologies as their organizations continue their digital transformation journeys. To remain competitive, they will need comprehensive, flexible, and integrated cloud-based search solutions that enable scale.

85% of data leaders say they want to improve the ability to find information across multiple clouds and data storage environments to help enable IT operations, security, and development teams.

• 84% of respondents are investing in search-powered technologies to increase the speed and productivity of their organizations and help them solve business challenges faster.
• 83% of respondents report that search-powered technologies can deliver essential insights that hasten decisions and create a better user experience for customers and employees.
• 81% of respondents report that alignment would improve in their organization if it were easier to find and share data.
• 53% of respondents report that cybersecurity is a key priority driving their digital business initiatives, with data security issues or other risk exposures cited as the most common result of challenges with finding, sharing, and visualizing data.

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