
Industry executives and experts share their predictions for 2019. Read them in this 11th annual VMblog.com series exclusive.
Contributed by Lewis Carr, Senior Director of Product Marketing at Actian
Data quality heats up with real-time analytics, edge computing and breakthrough insights in 2019
A recent IDC study forecasted that by 2025,
global data will grow to 163
zettabytes - that's approximately 1 trillion gigabytes per
zettabyte. As the amount of available data grows, businesses are clamoring for larger
and larger pieces of the pie. However, when it comes to leveraging data,
success doesn't rest on the quantity you have access to, but the quality of
insights you can pull from it and the quality of the tools/technologies that
can do this effectively.
As we head into 2019, we'll see things like
operational data warehouses, edge computing and tighter couplings between
operational systems and AI-enabled analytics bring quality, actionable insights
to the forefront for businesses - all in the business moment. Here's how we
think that will look in 2019:
Real-time
analytics will start to see real solutions for businesses
While this isn't a new concept, the idea of
real-time analytics has had its challenges as companies look to digitally
transform and better master their data. Database systems that address the
need for operational analytics are imperative for companies looking to get immediate,
actionable insights and solutions from their data. Operational data warehouses
(ODWs) that are built on an underlying architecture for analytic query
performance will be the key to success in 2019. An ODW - a fast, scalable and flexible solution - enables
companies to address the need for operational analytics and deliver data
insights in real-time, all while eliminating many pitfalls traditional
enterprise data warehouses and pure cloud data warehouses often suffer.
Additionally,
as AI applications grow in popularity,
a crucial enabling technology will be the ability to process larger data sets
constantly being updated with operational data. Fast access to not just
historical data, but also current transactions and real-time inputs, will be
critical to delivering more value to the enterprise. With the right data
currency and quality in 2019, AI will move from special projects into
production.
Edge
computing will further propel the monetization of Mobile and IoT data
With increased access to data at the edge to
provide actionable insights in the business moment, companies will be able to better
leverage Mobile and IoT data in 2019 to expand current technologies, build new
innovations and create new revenue streams. For example, think of the evolution
of connected cars. Starting with mechanisms for automatic windows, door locks
and ignitions, to internal GPS systems, Bluetooth connectivity, Apple Play and
Android Auto - cars become more connected every year. Car manufacturers
therefore have direct access to the data being generated by each of these
touchpoints, which is connected across an ecosystem of favored content by their
users - data those users can take immediate action on. 2019 will prove to be a
pivotal year in making truly connected cars a near-future reality.
Coupling AI-enabled
analytics and operational systems will achieve breakthrough insights
AI-enabled
analytics requires a heuristic approach to data collection, algorithm crafting
and tuning and implementation. 2019 will see better coordination of this cycle
across data scientists, developers and line of business product owners. This
will put the tools, techniques and goals in place to build a tighter coupling
between these backend machine learning platforms and the frontend operational
systems - providing the repository of raw data to build the models and Edge
systems that will be tuned and directed to yield more business value in the
moment. While 2019 won't be the year when this all comes together as a smooth
flowing process, it will be the point where we see proofs of concept yield
positive, meaningful results, generating far more investment in 2020 and beyond.
As
companies continue to break down barriers to digital transformation and look
across both their organization and customer base for actionable data insights,
the need for robust data management and analysis becomes increasingly important
for businesses focused on success. Businesses should look to activate their
data in new ways, seeking quality over quantity, to propel the future of how
they operate and grow.
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About the Author
Lewis Carr, Senior
Director of Product Marketing at Actian
Lewis Carr
leads product management, marketing and solutions strategies and execution. He
has extensive experience in Cloud, Big Data Analytics, IoT, Mobility and
Security, as well as a background in original content development and diverse
team management. He is an individual contributor and manager in engineering,
pre-sales, business development, and most areas of marketing targeted at
Enterprise, Government, OEM, and embedded marketplaces. Prior to his time
at Actian, Lewis developed his career at HPE, Oracle, BEA, Sun Microsystems,
Motorola, and SRI Int'l and founded Prism Technology Marketing.