Veritas 2018 Predictions: How Data Management Will Rock IT in 2018

Veritas 2018 Predictions: How Data Management Will Rock IT in 2018
by Ravi Rajendran, Managing 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].  

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].

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 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.
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.

[2] Source: Data Genomics Index 2017

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