As we near the end of 2023, it is imperative for Data Management leaders to look in their rear-view mirrors to assess and, if needed, refine their Data Management strategies. One thing is clear; if data-centric organizations want to succeed in 2024, they will need to prepare for an environment in which data is increasingly distributed.
With this in mind, we see five important Data Management laos whatsapp number data trends emerging in 2024: Data anti-gravity will prevail; data products will rise in importance; organizations will learn how to adopt generative AI (GenAI) and leverage it successfully; organizations will manage cloud costs more effectively; and data security and governance will be simplified.
Let’s take a closer look at each of these trends in turn:
Data Anti-Gravity Will Prevail
The notion of data gravity, which is an analogy of the nature of data and its ability to attract additional applications and services, no longer exists. Every organization with a modern Data Strategy needs a data warehouse alongside a data lake, if not multiple ones, to fulfill their business needs. In the last two decades, data warehouses and data lakes became popular to solve enterprise data silo problems, yet what they created were even bigger problems. This is because data warehouses and data lakes are comprised of both on-premises and cloud systems, and they are often geographically dispersed. Also, even though every cloud service provider tries to solve many data and analytics problems independently, most organizations run their data and analytics in a multi-cloud environment, cherry-picking products and services from two or more cloud service providers.