We are at the flashpoint of what many have described as the "Big Bang" of data. In just a few short years, 2020 will seem like the "good old days" as the world accelerates through a trajectory of global digital transformation. It's time to get onboard now, or get left behind!
To put some numbers to this prediction, the International Data Corporation (IDC), a premier provider of global market intelligence, expects the global "datasphere" to rise from 33 zettabytes (one ZB equals a trillion gigabytes) in 2018 to 175 ZB by 2025.
According to IDC’s The Digitization of the World From Edge to Core white paper, this growth is happening within two types of computing infrastructures:
- Core: All varieties of enterprise, public, and hybrid and cloud providers...along with enterprise operational data centers, such as those operated by electric grids and telephone networks.
- Edge: Enterprise-hardened satellite servers and IIoT-empowered devices that do not reside in core data centers. Server rooms, field servers, cell towers, and smaller local or regional data centers are all considered part of an edge computing infrastructure. Meanwhile, according to the Association for Intelligent Information Management (AIIM), businesses expect to see a 450% increase in the volume of data they generate in the next few years.
Considering these predictions, where should companies be investing their IT budgets to support such exponential growth in data?
Cloud and Edge Computing: The Most Important IT Investments You'll Make in the Next 5 Years
Three factors are driving the exponential increases in data volumes. First, companies are finding all kinds of ways to replace analog, manual, and earlier-generation digital processes with data-driven digital transformations that are helping them run more profitably and efficiently.
Second, customers across all industries are beginning to expect a high level of digital engagement, no matter what the product or service is...which is putting pressure on the rest of the companies and industries to deliver such experiences and services in order to stay competitive.
Finally, the mass exodus away from traditional data centers and local storage is adding additional fuel to this explosion in data.
The Rise of Edge Computing
Part of the reason edge computing arrived on the scene was to fill a functional gap left by declining reliance on endpoint storage. Despite the advantages of the cloud, users still demanded low- or no-latency experiences, and sometimes, data has to travel a long way from a cloud server to an endpoint, which can create latency when the volume of that data exceeds a certain level. Edge technology blends the instant availability of endpoint computing with the flexibility and access-to-everything-from-everywhere nature of cloud service.
How We Got Here
Cloud service as core computing infrastructure has been steadily earning more trust in recent years because of its connectivity, performance, and convenience, and in 2025, IDC predicts that 49% of the world’s stored data will reside in public cloud environments.
Not long ago, most data did reside in endpoints, where users assumed responsibility and ownership for their own data and managed it on local hard drives and servers. Today, modern endpoints—such as PCs, phones, IIoT devices and machinery, connected cars, wearables, and many other kinds of "smart" devices—are geared more toward catering to the digital-human interaction.
Enterprise Content Management + Intelligent Information Management: The Keys to Success
Business content exists in so many different formats now, and as indicated earlier, the volume of it will grow exponentially in the coming years.
Therefore, it's incredibly important that companies begin now the process of implementing an Enterprise Content Management (ECM) system that can provide the platform for an Intelligent Information Management (IIM) strategy.
IIM ensures an organization can easily access and manage every type of content within its network. It also provides a means to establish lifecycle processes for content, from its creation to distribution, storage, use, and archiving.
IIM technology also enables an ECM to integrate disparate software systems, which can introduce incredible efficiencies to workflows. IIM also offers tracking and analytics services, providing huge benefits to organizations as they are able to show how data is being used throughout an organization.
An ECM + IIM will help your entire organization better understand and use content and data as a valuable resource. The combination of ECM + IIM will also provide a framework for expansion as data, applications, users, and network use cases increase.
Confused? Not Sure What to Do? We Got You...
Imaging Office Systems offers the expertise you need to prepare yourself for the coming "Big Bang" of data and all its implications. We've been helping companies leverage the latest technological advances to solve their information management challenges for nearly 50 years! And we've been studying, watching, and preparing for this imminent data tsunami for years now.
Don't worry if you don't know what to do. We do.