What are the business benefits of a modern data ecosystem?

A cloud-first, AI-driven modern data ecosystem enables an organization to generate maximum business value from its unique data assets. Among the specific business benefits of data ecosystems are:
Higher returns. Businesses can generate higher returns with more effective monetization of data and by unlocking value in legacy data stores.
Cost savings. Organizations can reduce capital expenses and contain data warehouse costs by transitioning to the cloud — rationalizing and simplifying the data landscape.
Speed to market and to value. Faster insights through AI-enabled data engineering can reduce time to market.
Customer engagement. With a modern data ecosystem, businesses can better understand customer and market behavior and use it to enhance their product or service offerings to better meet changing consumer needs and preferences.
Process improvement. Analyzing big data sets in a modern data ecosystem can optimize and improve internal operations, such as supply chain management and inventory management..