Industry executives and experts share their predictions for 2024. Read them in this 16th annual VMblog.com series exclusive.
Reliability and the Unstructured Goldmine
By Rohit Choudhary, CEO of Acceldata
The data world is buzzing with changes, and
2024 is shaping up to be a year of pivotal transformations. For those at the
helm of data-driven decisions, here's a streamlined, easy-to-digest look at
what these changes mean for data reliability and the untapped potential of
unstructured data.
Tech Evolution: Reliable Data and Unstructured Insights
AI
is stepping up, making data not just vast, but reliably vast. Real-time AI
monitoring will be a game-changer, especially when dealing with the messy world
of unstructured data including social media posts, videos, and customer
reviews. Think of it as a system that can spot and fix data hiccups instantly.
In
addition, in 2024 we will see that the hybrid cloud isn't just a fancy term
anymore, it's the new normal. The hybrid cloud keeps your data both safe and
accessible, blending the best of on-premises and cloud worlds. This approach is
key, especially when handling diverse data types including the ever-growing
pool of unstructured data.
Team Dynamics: Who's Handling Your Data?
Data
isn't just about having it; it's about handling it right. Enter the new-age
guardians of compliance gurus, or those who ensure your data plays by the
rules. This is crucial when you're juggling different data types, particularly
the wild west of unstructured data.
Collaboration
will be king in 2024. Gone are the days of isolated IT departments. Now, it's a
mix-and-match group where IT, legal, and business minds meet. Why? To make sure
your data - yes, even the unstructured bits - is not just collected, but used
intelligently.
Skills in Demand: The Data Wizards of Tomorrow
AI
is no longer a buzzword, it's your new best friend in making sense of the data
chaos. AI and ML whizzes who can tame and teach others about AI to not only
understand numbers, but words, images, and sounds (hello, unstructured data!)
will be the heroes in this new chapter.
In
addition, think of cloud computing virtuosos as the conductors of an orchestra,
where the musicians are scattered across different clouds and servers. These
will be the people who make sure your data symphony plays in harmony,
especially when unstructured data adds complex new tunes.
The Big Picture: Reliability Meets Richness
Data
management isn't just about storing bytes, it's about weaving these bytes into
your business strategy. The future is bright and a bit unpredictable, with
unstructured data becoming a goldmine of insights. This shift towards valuing
every tweet, every customer call, and every online review as a piece of the
puzzle will redefine business strategies.
For
the savvy investor, decision maker, or data leader, this isn't just a trend to
watch; it's an opportunity to grab. It's about turning data reliability and the
richness of unstructured data into your competitive edge.
Get
ready, 2024 is going to be a wild, insightful ride in the data realm!
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ABOUT THE AUTHOR
Rohit
Choudhary is the CEO and co-founder of Acceldata, a
SanJose-based startup that has developed an end-to-end data observability cloud
to help enterprises observe and optimize modern data systems and maximize
return on data investment. Prior to Acceldata, Choudhary served as director of
engineering at Hortonworks, where he led development of Dataplane Services,
Ambari and Zeppelin among other products. While at Hortonworks, Rohit was
inspired to start Acceldata after repeatedly witnessing his customers'
multi-million dollar data initiatives fail despite employing the latest data
technologies and experienced teams of data experts.