Are you making the most of the data that your company collects every day? We’re living in a world brimming with information. Experts predict that by 2025, human beings will be creating around 463 exabytes of data every day. That’s the same as more than 212 million DVDs.
Unfortunately, many businesses just aren’t making the most of their data. According to a new Seagate report, companies need to put more of the information they have to work. This is particularly important in a landscape where enterprise data is expected to increase at an annual growth rate of 42.2% in the next two years.
Seagate’s “Rethink Data” report says that the proliferation of data in the current environment is coming from the increased use of cloud migration systems, IoT devices, and analytics. However, only around 32% of the data that enterprises have today is actually being put to work.
The Need for a DataOps Transformation
According to Seagate, the solution to today’s data management problems is DataOps. This is the discipline of connecting data consumers with data creators. DataOps is the missing link for data management, with only around 10% of organizations saying they’ve currently implemented a Data Operations strategy properly.
Seagate’s research shows that the majority of their service respondents know that they need to implement DataOps, but they haven’t taken the essential steps yet. DataOps solutions could help companies to overcome the barriers that are stopping them from making the most of their data environment. At present, Seagate has identified a selection of five barriers that could be holding companies back. These include:
- Managing the storage of collected data
- Making collected data more usable
- Ensuring that the right data is collected
- Ensuring the security and privacy of data
- Making different silos of data available
Expansion of data across multiple locations, from the cloud all the way to the edge is one of the major factors that’s leading to increased data sprawl, in Seagate’s study. The company notes that companies are now working with a wider selection of data centres and environments, including edge data centres, cloud repositories, internally managed centres, and third-party enterprise environments.
Preparing for a New Data Environment
It’s not just the rise of different data repositories that companies need to contend with right now. Enterprises also have to be ready to manage a lot more of their data in motion. According to Seagate, data is moving at incredible pace. It’s periodically transferred to the core, collected, and stored at the edge, or immediately moved to the core.
All the while, there’s a rising demand for a multi-cloud and hybrid cloud environment. In the next two years, many of the companies surveyed by Seagate said that managing hybrid and multi cloud environments was the main challenge that they’re concerned about. Other concerns include managing the data connections between core and edge environment.
Additionally, companies are also concerned about what data to keep in which environments. Business leaders also revealed that they’re nervous about getting the right buy-in to access the resources necessary for managing data beyond the enterprise data centres. There’s also some concern that teams may struggle to find the right talent or expertise needed to manage this data.
Despite these concerns, businesses agree that data is essential to future strategies for growth. Seagate noted that it’s clear for many companies that data is an intangible, but valuable asset. Unfortunately, demand for data isn’t always reflected on the company balance sheet.
Companies want access to vibrant lakes of information, where they can take details from various sources, and analyse everything together for a single point of truth. No business can afford to take the risk of their data lake turning into a “swamp”.
Looking to the Future of Data Management
Seagate’s research suggests that many companies are going to need to make new investments in DataOps solutions that allow them to leverage their data at a new level. Making the right choices for these investments will mean thinking carefully about the kind of control and data access that’s necessary.
What’s more, Seagate highlighted that security is an ongoing concern for all companies. Two thirds of the survey respondents said that data security is currently insufficient. This means that accessing the right protection will be an essential element of any efficient data management strategy.
The physical security of data storage facilities is the main safety concern for businesses right now, with 36% of companies mentioning this concern. Worries about encryption of data in flight and at rest follow close behind.
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