SingleStore Research Indicates Many Businesses Are Reconsidering Existing Data Platforms

San Francisco, CA - March 9, 2021 - New research from SingleStore, The Single Database for All Data-Intensive Applications for cloud-native modern applications, shows that the vast majority (82%) of IT professionals admit that they manage different versions of the same database, and nearly three-quarters (74.4%) said that they run into issues with their current data warehouses.

More than half of those surveyed said that hiring and retaining IT professionals to manage their databases is the biggest database-related challenge their organizations face, and more than a third said that they plan to replace their current database solution in the next quarter or two.

The research is based on a 500-person survey, which Propeller Insights conducted in January.

“Business leaders are coming to the realization that their existing technology cannot keep up with the data requirements of today and tomorrow,” said SingleStore CEO Raj Verma. “Now, more than ever before, fast wins over slow when it comes to data; affordable wins over expensive; and the ability to store and securely access any data anywhere is a winning strategy for organizations.”

Juggling Multiple Databases Is Needlessly Complicated And Costly – But It’s Not Uncommon

Most data platforms are not built to address different types of workloads and data. This means organizations often must invest in and operate separate operational databases and analytics databases. Nearly a third (30%) of survey respondents said that their companies use two data platforms, and nearly a fifth (19%) said that they have to juggle five or more databases.

Organizations frequently employ multiple databases because they require a range of functionality. But many organizations also manage different versions of the same database. In fact, a whopping 81.7% of IT professionals said that their organizations manage different versions of the same databases. Of this group, 42.5% said that they manage two versions of the same database, and more than a tenth (11.9%) said they manage more than five versions.

More than half (56.7%) of the survey group said that Microsoft SQL Server is their main database. Nearly as many (54%) said that Amazon Aurora is their main database. More than a quarter (27%) of IT professionals said that they plan to replace their Amazon Aurora (27%), Microsoft SQL Server (14.5%), Amazon Redshift (8.3%) or Oracle (8.1%) on-premises database.

A smaller share of the survey group said that they use a Cockroach (9.5%) or Snowflake (7.1%) database. But nearly all (91.8%) of the IT professionals who said that they use a Cockroach or Snowflake database said they also use a back-up database to cover all of their data needs.

“Legacy and one-trick pony databases are holding companies back from reaching their peak potential,” said Verma. “The reality is that organizations are accelerating cloud adoption and data analytics to engage and deliver world-class customer experiences and act in the moments that matter. But, when 13.1% of IT professionals said that their existing databases are not cloud friendly and 12.9% said that their current database does not support mixed workloads, we get a view into the larger industry problem.”

Struggles With Existing Databases Are Prompting Organizations To Consider Replacement

Considering that nearly three-quarters (74.4%) of IT professionals run into issues with their current data warehouses, it is not surprising that many are looking to replace these platforms.

More than half (53.2%) of IT professionals surveyed said they struggle to hire and retain teams who can manage their databases. Close to half (48.6%) said that they face management and support challenges with their current data platforms.

IT professionals also voiced their frustration with the performance and scalability shortcomings, high costs and lack of functionality with their existing data platforms:

• 44% said the biggest database-related challenge thattheir company faces involves performance and scalabilitylimitations.
• 31.3% said their legacy databases are wasting valuablebudget on cost inefficiencies.

“Organizations don’t need to contend with cost and complexity, lack of cloud support, performance and scalability limitations, and multiple database platforms,” Verma said. “SingleStore eliminates these pain points and provides all needed capabilities in a single, simple and unified solution. It supports transactions and analytics; handles structured, unstructured and semi-structured data; and works in public clouds, on-premises environments and hybrid deployments. The SingleStore unified database empowers organizations to do fast analytics on any data, anywhere to deliver differentiated customer experiences and better business results. And we do this with a leave-and-leverage rather than a rip-and-replace approach.”

About SingleStore

SingleStore is dedicated to helping businesses adapt more quickly, embrace diverse data, and accelerate digital innovation by operationalizing all data through one platform for all of their moments that matter. These capabilities are provided as a service on Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, Red Hat and through your own deployments with SingleStoreDB Cloud and SingleStoreDB On-Premises. Visit www.singlestore.com or follow us @SingleStoreDB.