Overcoming the Data Silo Challenge: How Industry 4.0 Paves the Way for Seamless Data Interoperability
Industry 4.0 is the playground where innovation and interconnectivity converge, which results in turning possibilities into realities and preparing us for the future of machines.Â
It is testifying the applicability of intelligent automation and addressing one of the most significant challenges of our digital age, data silos.Â
Data silos have long plagued organizations, hindering their ability to leverage the full potential of their data assets. These isolated information repositories restrict data sharing and collaboration between different departments or systems, impeding the flow of valuable insights and inhibiting effective decision-making. This has given rise to a potential new market for integration.Â
According to the latest research report, the global data integration market is projected to grow at a CAGR of 11.0% from 2021 to 2026. The market, estimated at $11.6 billion in 2021, is expected to reach a revenue value of $19.6 billion by 2026. The report includes an industry trend analysis, providing insights into the market’s growth potential and future prospects.