The Total Economic Impact of Microsoft Fabric
Following the recent release of Forrester’s Total Economic Impact Report outlining the cost savings and benefits of Microsoft Fabric, we explore some of the top findings.
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What is Microsoft Fabric?
Microsoft Fabric is a unified data analytics management system that allows organisations to manage data processes and projects from one location, centralising their critical data along with security and governance. Fabric enables collaboration among data engineers, scientists and analysts across data tools and platforms, without the need to integrate multiple data services.
What is Forrester's Total Economic Impact Study?
Total Economic Impact (TEI) studies carried out by Forrester involve a thorough analysis of business technologies using the TEI cost and benefit analysis framework, which accounts for future technology, business flexibility and the risks associated with the technology in question. What Total Economic Impact reports essentially do for businesses is answer the big question, “is this technology worth the investment?”
To help organisations better understand the ROI of Microsoft Fabric, Forrester carried out a study which involved carrying out interviews with four representatives from different organisations using Fabric, then creating a composite organisation representing the interviewees’ organisations for analysis. The composite organisation has an annual revenue of $5 billion and 10,000 employees which includes 40 data engineers and 400 business analysts. Below we discuss some of the key benefits of Fabric revealed by the Total Impact of Microsoft Fabric report.
Quantifiable Benefits
Before adopting Microsoft Fabric, organisations used multiple systems and tools to store, manage and analyse data. This reliance on legacy infrastructure led to issues with time-consuming, resource-heavy manual processes and data silos. With the integration of Fabric, organisations experienced a 90% reduction in time spent searching for data, integration and debugging by data engineers, resulting in a 25% increase in data engineering productivity, transferable to $1.4 million. For business analysts, Fabric improved access to data and output by 20%, which equated to cost savings of $4.8 million. Better business decisions due to enhanced data insights facilitated by Fabric resulted in profits of approximately $3.6 million. As well as this, by eliminating the costs of integrating multiple data systems and streamlining your data stack, organisations can save up to $779,000 over 3 years. From a people perspective, organisations noted an 8% reduction in employee turnover after adopting Fabric. This may suggest that fabric can even help organisations retain staff as well as producing cost savings and boosting profitability.
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Unquantified Benefits
Prior to the integration of Fabric, organisations reported a lack of motivation among data engineers and analysts due to the time-consuming process of searching for data, consolidating it and converting it to the correct format for analysis. With easy access to consolidated data in a common format, organisations that integrated Fabric found that their technical and business users were better aligned, with Fabric facilitating more effective collaboration. Further, organisations reported strengthening governance by storing data in one location and centralising security and governance.
Overall, Forrester reported a 379% return on investment over 3 years with Microsoft Fabric, highlighting how transformative the solution is in the world of data and analytics.
If you would like to learn more about Microsoft Fabric, get in touch with one of our solution specialists today.
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