Enterprise Data Management industry is predicted to rise with a CAGR of 9.3% over the forecast period by generating a revenue of $126.9 billion by 2026.

Enterprise Data Management program collates all the data related with making major decisions and building a strategy for the organization. Enterprise Data Management helps to identify the compliance, operating efficiencies, risksand build client relationship, which results in data quality, control on the data and information storage.

Rise in the use of data management application in many of the organization is predicted to drive the Enterprise Data Management industry over the forecast period. The demand for data management has increased due to handling large data sets by data integration, data profiling, checking the quality of data, metadata management and many other data related problems. Moreover, enterprise data management helps in sharing, consistency, reliability and governing information to the organization for taking major decisions, and this is predicted to be the major driving factor for the industry.

Data privacy is predicted to hamper the growth of the industry during the forecast period. Most of the companies handle data with the help of open source applications which includes various processes and algorithms. Most of the processes and algorithms are run through open sources which enable hackers to get the source code without difficulty if the data are not highly protected. These are the biggest restraints for the growth of the industry in the forecast period.

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The major players in Enterprise Data Management industry are Amazon Web Services, Inc., TierPoint, LLC., VMware Inc.,Microsoft, HP Development Company, L.P.,Cloudera, Inc.,SAS Institute Inc.,SAP SE,IBM Corporation, andNTT Communications Corporation among others.

eCommerce and online shopping businesses employ professionals in many roles including sales managers, marketing professionals, social media experts, product and service professionals and others. Together, every role in a business is designed to create a team that will ensure business success and, with eCommerce exploding, it is easy to think that the right people can get the job done.

But, there is another component to success, especially today. Given the competitive environment and market with thousands of eCommerce sites and apps, it is imperative that the business have a measurable, fact-based view of results and enable its team members (no matter their role) to access tools and solutions that will give them the information they need to succeed, to improve results, to come up with new ideas for products and services, to target customers appropriately, to bundle products, to shift pricing and marketing approaches and more!

But, eCommerce business users do not have the time or the inclination to adopt new technology and software. They are often overwhelmed with tasks and responsibilities so, making it easier for them to understand and analyze results is crucial. An augmented analytics solution that integrates with an eCommerce solution like Shopify can provide pre-built templates, reports, KPIs and in-depth analysis of customer lifetime value, customer cohorts, trends, sales results and other important aspects of eCommerce business.

It is easy to implement analytical capability using a solution that integrates Shopify with augmented analytics, and provide your users and business a meaningful way to compete and succeed.

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