Through this decade, the world has witnessed a never-before data proliferation. And today, we have collected a critical mass of data which has the potential to lead to fruitful prediction across sectors, helping businesses generate higher revenue and also become a source of disruptive innovation.
Traditional business models are almost redundant as the world shifts to a digitally supported economy. The success of any businesses will largely depend on understanding the digital edge. And why so? Because to compete as matured digital business, companies must re-design their IT processes for digital at the edge of their networks, where the physical and virtual worlds converge. Data is the word and organizations have been dubbed as “Data Drivers” by IDC – which means that that enterprise who acquire new customers, increase their profitability 3 times, greater than the organizations which aren’t data savvy.
As businesses are gearing up to adapt digitally enhanced operations and offerings which allows the leaders to collect, analyze and gain insights from the data to unlock newer opportunities, let’s walk through some trends that would ignite and accelerate this process:
AI Developments to Zoom Up: Businesses are expected to increasingly deploy cloud-based AI software and service tools this year, to ensure that AI applications deliver scalability and high performance as expected. But this also needs proper infrastructure supporting the AI workloads to be automated, resilient and fast. As AI progresses, most development will start in the cloud.
Edge Devices Keep Getting Better: By 2020, Asia Pacific is expected to have around 8.6 billion IoT devices and is set to become the largest 5G region in the globe with 675 million connections by 2025. So with this, comes the data deluge which the organizations will need the ability to process it quickly to gain insights and make real-time decisions. IoT devices are expected to come with built-in services such as data analysis and data reduction to enable businesses to make quicker, better and smarter decisions.
Data Services Will Become Invisible: When we say “invisible” we are talking about the ability to deliver data when and where it is needed, regardless of where it is stored. As the application of predictive technologies and diagnostics increase, decision-makers will start relying on robust yet these “invisible” data services. 2019 is touted to see the emergence of container-based cloud technologies which enable hybrid cloud development.
It is important for organizations to turn data into a strategic asset all the while possessing the flexibility of responding to the changes in the market scenario. Businesses, to succeed and sustain in this economy, they must embrace hybrid cloud, containers and edge computing.
Posted By :Pace Wisdom