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Komprise 2024 Predictions: AI, Sustainability, Cloud and Self-Service Will Be Key Trends in Unstructured Data Management

vmblog-predictions-2024 

Industry executives and experts share their predictions for 2024.  Read them in this 16th annual VMblog.com series exclusive.

AI, Sustainability, Cloud and Self-Service Will Be Key Trends in Unstructured Data Management

By Krishna Subramanian, co-founder, president and COO of Komprise

We will see a reset in 2024 with the economy showing signs of a "soft landing" away from a recession. By the second half of the year, enterprise leaders will be ready to spend more on strategic projects such as AI and new digital products while investing in solutions that will save money, time and energy. In the meantime, cautious experimentation with new revenue-driving technologies will be possible with intelligent optimization of storage and cloud infrastructure to reduce costs and waste. Along the lines of being highly efficient in everything, we will see more attention to self-service unstructured data management; this allows departmental users to find the data they need and leverage it in new applications, with IT governance but minimal hand-on support.

IT leaders place their bets on AI foundations, efficient storage, unstructured data management & FinOps

The year 2023 started off with much talk about cloud repatriation, amid layoffs and an overall challenging economy. In 2024, companies should be in a better position to make new strategic investments, if inflation continues to decline and the labor market remains strong. Enterprises are dabbling in AI and IT leaders are most concerned about developing the proper data governance foundation. According to research conducted by Komprise and others in 2023, preparing for AI is a top priority. This requires the highest-performing data storage and backup technologies, new security and privacy tools and tactics, use-case specific AI and ML tools and automated unstructured data management solutions that enable custom data workflows and governance. Storage as a service (StaaS) is another growing area that offers efficiencies for IT organizations. STaaS vendors offer easier data storage solutions by managing hardware and software for customers, and providing the means to adopt new technologies faster. In 2024, cloud optimization will trump cloud repatriation. There will be an emerging array of new services and products available, such as FinOps tools integrated into the enterprise IT infrastructure stack, to make this easier. 

Green computing will become more cost-effective than traditional infrastructure, causing businesses to shift towards more sustainable IT

Improving IT efficiencies is not just about saving money - but reducing energy use. Governments and businesses have been paying lip service to environmental sustainability for years; the challenge is that without sufficient economic benefits of becoming sustainable and without any penalties for not doing so, there isn't adequate business impetus for change. Fortunately, many technology providers are making it financially beneficial to adopt green computing by developing systems that are more efficient and consume less power and cooling. The time is now to execute a viable strategy. Carbon dioxide from human activities is increasing about 250 times faster than it did from natural sources after the last Ice Age, according to NASA research from the Intergovernmental Panel on Climate Change. Rather than seeking vanity metrics to share with the world, everyday behaviors need to change. Consumers need to stop amassing an overload of non-essential goods; businesses need to maximize what they already have and leaders must be more cognizant of the resources they are consuming. This message can fall on deaf ears in the competitive mindset of growing at all costs. Green data center technology including green storage is on the rise because the benefits of cost savings and often better performance for users is an easy sell. At the same time, getting rid of data waste and better leveraging affordable object storage in the cloud will have a measurable positive impact on IT costs and sustainability.

Cloud migrations of unstructured data reboot with AI

During a tough economy in the second half of 2022 heading into 2023, we saw belt-tightening when it came to cloud spending. Revenues for the major cloud service providers were flat and organizations were talking about repatriation. Next year, we see cost optimization continue as IT responds to business demands for leveraging new AI applications and services. AI will be a significant driver for cloud migrations on two fronts: firstly, to offset rising on-prem storage costs from unstructured data growth so that IT budgets can reallocate funds for AI projects and secondly, because the majority of AI innovations will be cloud-based. As well, organizations that use cloud tiering and migration strategies to move cold data that can potentially be leveraged later for AI will benefit from low-cost object storage in the cloud. 

Self-service unstructured data management becomes critical

In the Komprise 2023 State of Unstructured Data Management survey, 25% reported full self-service data management capabilities with the prevailing trend allowing employees to see analytics such as data growth and usage trends in their department, search for data across silos, and create custom workflows. Self-service capabilities are imperative across IT because of the limited bandwidth of most IT organizations and the urgency to bring new data services and easier data access to end users. Self-service tools will combine with automation to create policy-driven actions such as: find files with specific metadata (clinical images tagged with diagnostic codes) and send them to a cloud data lakehouse for analysis or to cloud-based AI services. Storage and IT managers will be responsible for creating the tools and services to help departments and users efficiently find and analyze the data that they need. 

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ABOUT THE AUTHOR

About the author: Krishna Subramanian is the co-founder, president and COO of Komprise.

Krishna Subramanian

Krishna Subramanian is the co-founder, president and COO of Komprise. She is passionate about creating business models that deliver value to customers while being efficient to scale. In her career, Krishna has built three successful venture-backed IT businesses and was named a “2021 Top 100 Women of Influence” by Silicon Valley Business Journal.

Published Thursday, November 30, 2023 7:36 AM by David Marshall
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