Veritas 2018
Predictions: How Data Management Will Rock IT in 2018
Predictions: How Data Management Will Rock IT in 2018
by Ravi Rajendran, Managing
Director of Asia South Region, Veritas
Director of Asia South Region, Veritas
In 2017, we learned that 69 percent of organizations across the
globe wrongfully believed data protection, data privacy and compliance were the
responsibility of the cloud service provider, significantly increasing the
likelihood of data breaches. The figure is observed to be higher in countries
such as Singapore (77 percent) and China (81 percent). Pair this with the
current “wild west” style adoption of multiple clouds – with many
customers putting cost considerations aside – IT departments will get a sudden
and rude awakening in 2018, finding that they are responsible for management in
the cloud (possibly through a breach). CFOs will also demand cuts in infrastructure
costs[1].
globe wrongfully believed data protection, data privacy and compliance were the
responsibility of the cloud service provider, significantly increasing the
likelihood of data breaches. The figure is observed to be higher in countries
such as Singapore (77 percent) and China (81 percent). Pair this with the
current “wild west” style adoption of multiple clouds – with many
customers putting cost considerations aside – IT departments will get a sudden
and rude awakening in 2018, finding that they are responsible for management in
the cloud (possibly through a breach). CFOs will also demand cuts in infrastructure
costs[1].
2.
Data storage will slow for the first time as mentality changes.
Data storage will slow for the first time as mentality changes.
Data continues to grow exponentially, filling valuable
storage capacity at an incredible rate. The annual data growth rate skyrocketed
to 48.7 percent last year. In fact, more than 50 percent of files being stored
by organizations were of “unknown” nature. We will start to see successful
companies shifting their storage strategies from a “save-it-all” mentality to
one that identifies and stores data that provides valuable insights or mission-critical
information in 2018[2].
storage capacity at an incredible rate. The annual data growth rate skyrocketed
to 48.7 percent last year. In fact, more than 50 percent of files being stored
by organizations were of “unknown” nature. We will start to see successful
companies shifting their storage strategies from a “save-it-all” mentality to
one that identifies and stores data that provides valuable insights or mission-critical
information in 2018[2].
3. One of the first companies to
be fined under the GDPR will be outside of Europe.
be fined under the GDPR will be outside of Europe.
Despite
the impending deadline (May 25, 2018), only 31 percent of companies surveyed by
Veritas worldwide believe they are GDPR compliant. Similar sentiments were felt
in Australia (30 percent) and South Korea (31 percent). In Singapore, only 18
percent of the organizations believed that they are GDPR compliant – the lowest
in the region. Penalties for non-compliance are steep and this regulation will
impact any company that deals with EU citizens[3].
the impending deadline (May 25, 2018), only 31 percent of companies surveyed by
Veritas worldwide believe they are GDPR compliant. Similar sentiments were felt
in Australia (30 percent) and South Korea (31 percent). In Singapore, only 18
percent of the organizations believed that they are GDPR compliant – the lowest
in the region. Penalties for non-compliance are steep and this regulation will
impact any company that deals with EU citizens[3].
The
focus will shift away from expanding the capacity for archiving, backup and
storage – driven by advancements in analytics. Expect new data valuation
techniques to get a boost from AI to reshape information lifecycle management
through the automation of policy enforcement and more intelligent data
management actions. Organizations will also tap into their traditional
repositories to unleash insights that power new discoveries, sales initiatives
and customer experiences across a wide array of verticals.
focus will shift away from expanding the capacity for archiving, backup and
storage – driven by advancements in analytics. Expect new data valuation
techniques to get a boost from AI to reshape information lifecycle management
through the automation of policy enforcement and more intelligent data
management actions. Organizations will also tap into their traditional
repositories to unleash insights that power new discoveries, sales initiatives
and customer experiences across a wide array of verticals.
5.
The severity of data breaches will increase.
The severity of data breaches will increase.
According to the Identity Theft Resource Center, 2016
saw 1,093 data breaches last year. This is a 40 percent increase from 2015,
while 2017 almost hit that mark by July. With the surge in data breaches, it is critical for companies to
have a simple, holistic way to regularly protect and backup workloads in
the cloud, in complex environments and on-premises. In fact, protecting the entire
infrastructure is ideal – especially one that is agile, smart and scalable as
ransomware reaches deeper and farther than ever before – into both old and new
workloads.
saw 1,093 data breaches last year. This is a 40 percent increase from 2015,
while 2017 almost hit that mark by July. With the surge in data breaches, it is critical for companies to
have a simple, holistic way to regularly protect and backup workloads in
the cloud, in complex environments and on-premises. In fact, protecting the entire
infrastructure is ideal – especially one that is agile, smart and scalable as
ransomware reaches deeper and farther than ever before – into both old and new
workloads.
[1] Source:
Truth
in Cloud 2017 research
Truth
in Cloud 2017 research
[2] Source:
Data Genomics Index
2017
Data Genomics Index
2017
[3] Source:
The
Veritas 2017 GDPR Report
The
Veritas 2017 GDPR Report
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