Executive Viewpoint 2018: Data Dynamics – Demands of the Digital Economy Will Transform Data Management
For the emerging digital economy, data is the most prized asset. Unfortunately, the management of underlying storage for this more valuable of assets remains with centralized IT. Organizations, who look at data from an infrastructure perspective and as a cost to manage, must adapt to meet the needs of the new digital economy. I predict in 2018, the management of data storage will shift from centralized IT to individual business units. A new approach that focuses around each application’s and user’s need for data and their ability to access it when and where they want, will be the result.
In 2018, important technology trends are taking place that will drive this transformation.
- Emerging storage technologies that can scale to the levels required for the digital economy are widely available. Object Storage in particular provides the scalability, redundancy and security required to meet the vast deluge of data.
- The raw cost of storing data using disks, flash and SATA continues to drop substantially year over year.
- The public cloud providers have proven that creating nimble infrastructure is feasible at scale. Application users are experienced in selecting criteria upon which to purchase and manage their storage.
The digital economy is forever changing how data assets are considered from a cost to manage to a strategic asset. In response, 2018 will see data management shift from traditional centralized IT to the rightful owners of the data, the business units.