The landscape of storage is quickly changing with the rapid acceleration of data creation. 90% of all data has been generated in the last 2 years and that data creation has exploded from ~4.4 Zettabytes in 2013 to 44 Zettabytes by 2020. In light of these facts, it is easy to see why traditional storage solutions, which impede the extraction of data, are no longer adequate. This has fueled the move towards software-defined object storage where you can easily aggregate and search data. If this is a topic that interest you, I highly recommend the Storage Switzerland eBook NAS vs. Object Storage: Which is Better for Your Data Center?
However, what I find even more interesting is the opportunity this creates for businesses to extract ongoing value from data, both old and new. The possibilities of what a business can do with the ability to collect and analyze data at scale are mind-boggling. Consider this…for a Fortune 1000 company, a 10% increase in data accessibility will result in over $65 million additional net income and retailers who leverage the full power of big data could increase their operating margins as much as 60%.
This is the topic of a live webcast that Tony Barbagallo, Caringo VP Product, and I will be presenting this Thursday, September 15. We will discuss trends such as rapid cloud adoption, hyper-fast annual data growth, and in particular the growth of unstructured data (often estimated at 40 to 60% per year) along with the use cases that we have seen first hand where organizations are handling data at massive scale.
We will touch on the topic of metadata and how this enables the organization and management of data (a topic which will be explored in further depth on our September 21 live webcast), as well as how to eliminate reliance on file systems and databases and leverage scheme-free search (a.k.a., document-based search).
Finally, we will bring it all together to help you understand strategies you can use to extract value from your organization’s data while managing it at scale. Register today for the webinar, and if you cannot make it, we will send you a link to the recording so you can watch it at your convenience.