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Companies that leverage data insights consistently outperform competitors financially. 62% of retail organizations reported that data analytics is helping them gain a competitive advantage over the competitors. Although this approach is gaining traction, many companies struggle to use the vast amounts of data they collect from various sources. Challenges like integrating, sharing, and manipulating data across multiple cloud platforms hinder them from making the most of their data, as they access and analyze data and leverage AI analytics across the business.
Introducing Microsoft Fabric: An all-in-one data analytics tool
Given these challenges, Microsoft Fabric stands out as a powerful all-in-one, AI-powered data analytics platform encompassing data storage, processing , integration, analysis, and business intelligence. As a cloud-based service (SaaS), this platform allows companies to manage data, users, and projects in a single environment, fostering between data scientists, engineers, and analysts enabling data democratization across organizations.
Microsoft Fabric brings together several data and analytics tools that organizations require to meet their analytics requirements. These include Data Factory, Data Activator, Synapse Data Warehouse, Synapse Data Engineering, Synapse Data Science, Synapse Real-Time Analytics, and Power BI.
Explore more: Introducing Microsoft Fabric – A data-driven blueprint for modern enterprises.
Today 25,000 organizations, including 67% of the Fortune 500 are leveraging Microsoft Fabric, with 84% of them using three or more workloads. Given this widespread adoption of Microsoft Fabric, there’s no surprise in wondering if Microsoft Fabric is the right choice for your business.
To quantify the financial benefits of using Microsoft Fabric, let’s explore the 2024 Total Economic Impact™ (TEI) study conducted by Forrester Consulting examining the potential return on investment (ROI) that companies might achieve through Microsoft Fabric.
This blog post delves into a quick overview of Forrester Total Economic Impact (TEI study) on Microsoft Fabric, highlighting how Microsoft Fabric implementation can lead to financial benefits, such as increased productivity, enhanced business outcomes, higher employee satisfaction and retention, and substantial cost savings.
Maximizing data-driven insights with Microsoft Fabric’s data analytics capabilities
Forrester Consulting conducted the study and interviewed companies already using Microsoft Fabric. Based on these interviews, they created a composite company profile to analyze Microsoft Fabric ROI. This “composite organization” reflects the experiences of the real companies interviewed and serves as a model for the overall financial impact analysis.
Let’s take a closer look at the characteristics of this composite organization:
- The composite organization operates globally with annual revenue of $5 billion and a workforce of 10,000 employees.
- A team of 40 data engineers and 400 business analysts.
- Before adopting Microsoft Fabric, the organization relied on various data management tools and systems, including Azure Synapse solutions for data storage and Microsoft Power BI for analysis.
- In the first year, Microsoft Fabric is rolled out to 50% of the business, expanding to 85% in year two, and finally reaching 100% in year three.
However, the key findings from the study indicate that composite organization that deployed Microsoft Fabric are likely to experience a considerable ROI of 379%:
Furthermore, the analysis reveals a net present value (NPV) of $9.79 million. This translates to significant financial gains over time, making a strong financial argument for Microsoft Fabric deployment services.
3 years of growth: The financial impact of deploying Microsoft Fabric
The TEI study established the potential financial gains of Microsoft Fabric. Over a three-year timeframe, organizations are likely to report significant improvements in various aspects of their operations. Let’s explore what tangible benefits Microsoft Fabric delivered to organizations over a timeframe of 3 years.
More productivity and efficiency
The study revealed a clear winner: data engineering productivity. Companies using Microsoft Fabric saw a significant 25% boost in this area. This translates to real financial savings, with the composite organization saving an estimated $1.8 million. Fabric slashes the time data engineers spend searching, integrating, and debugging data by a whopping 90%.
But the benefits extend beyond data engineers. Business analysts also experience a 20% increase in access to data and output, leading to an additional $4.8 million in savings. In a nutshell, Microsoft Fabric empowers a more streamlined and effective way to manage and analyze data.
Boosted business outcomes
Another key benefit of deploying Microsoft Fabric lies in its ability to facilitate the extraction of valuable insights from high-quality data. This translates to demonstrably improved business outcomes, as evidenced by the projected $3.6 million increase in profits for the composite organization. This is especially important for C-suite executives who focus on the company’s overall financial health.
The TEI study suggests that Microsoft Fabric empowers businesses to deliver faster and more accurate answers to critical questions, ultimately leading to better-informed strategic decisions and demonstrably improved financial health.
Higher employee satisfaction and retention ratios
Beyond the financial gains, the TEI study sheds light on a human element often overlooked in technology deployments. It reveals an impressive 8% decrease in employee turnover. This suggests that Fabric’s impact extends beyond the bottom line, fostering a work environment that improves employee satisfaction and retention.
By investing in Microsoft Fabric, organizations not only enhance the company’s financial health but also gain a powerful tool for attracting and retaining top talent – a critical factor for long-term success.
Cost savings on infrastructure
A significant benefit of Microsoft Fabric lies in its ability to reduce infrastructure costs. By consolidating technologies and eliminating outdated systems, the TEI study projects savings of up to $779,000 over three years. This highlights a direct financial advantage for those focused on cost optimization for Microsoft Fabric.
The report highlights Microsoft Fabric’s role in simplifying the IT environment. By consolidating data storage, processing, and analysis capabilities, Fabric reduces the need for multiple servers, virtual machines, and separate analysis services. This consolidation leads to significant cost savings.
Why is Microsoft Fabric a smart investment?
The Total Economic Impact of Microsoft Fabric goes beyond quantifiable metrics to highlight several strategic advantages of deploying Microsoft Fabric. Some of these benefits includes:
- Fostering a more creative approach to data analysis
- Creating stronger collaboration between technical and business teams
- Promoting a focus on proper data governance.
Besides, business leaders will likely appreciate Microsoft Fabric’s inherent flexibility due to its ability to streamline and democratize data analytics. Using Fabric’s Copilot, it can adapt to diverse business needs to unlock valuable insights from previously underutilized data. These are key considerations for executives evaluating technology investments. However, all these benefits directly contribute to the overall Microsoft Fabric value proposition.
Get Microsoft Fabric implementation and support for data-driven success
While deploying Microsoft Fabric profoundly influences organizations, data-driven organizations need a trusted partner to maximize their return on investment. Our team at Confiz has the knowledge and experience to assist with Microsoft Fabric implementation, migration from legacy data platforms, and consultancy. We ensure optimal use of this premier data analytics solution.
Our expertise helps you gain the tangible benefits of Microsoft Fabric faster and collaborate with you to develop a strategic data roadmap that fuels data-driven decision-making across your organization. Ready to kickstart your journey with Microsoft Fabric? Reach to us at marketing@confiz.com and discuss your needs.
