Posted On Jan 01 2024 | 11:06
With data increasingly underpinning key business decisions today, companies can no longer view their modern data infrastructure as just an IT concern. Instead, having a modern and agile data infrastructure is now a strategic imperative. Research by Capgemini indicates that the collective sum of the world’s data is expected to grow exponentially to 175 ZB by 2025, with 65% annual growth. This explosion of data volume creates an operational urgency to modernize legacy systems, which struggle to handle the velocity and variety of modern data. Already, enterprises use an average of 1,180 cloud services, generating disparate data streams in critical business functions. To leverage the 10% of data estimated to be of crucial value by 2025, companies must prioritize building a modern data estate now.
How would you assess the modernity of your data estate?
Let’s take an assessment across three foundational pillars: storage, processing, and security – to evaluate your data estate. Have we fully embraced cloud-native storage systems and distributed database architectures? Are we utilizing cutting-edge processing like real-time analytics, AI/ML, and serverless computing across client engagements?
Undertaking this assessment will quantify the modernity of your data estate and highlight areas for potential upgrades.
With International Data Corporation (IDC) estimating 55.7 billion connected IoT devices by 2025, generating almost 80 zettabytes (ZB) of data, a modern data infrastructure will be critical to harnessing these massive data volumes and delivering business value. This blog provides a comprehensive self-assessment framework to evaluate your data estate across key dimensions like architecture, analytics, governance, and infrastructure.
Why Assess Your Data Estate’s Modernity?
A modern data estate is characterized by its ability to adapt to changing business needs, leverage the latest technologies, and provide high-quality, timely insights.
Figure 1 – shows benefits of staying up to date with modern Data Estate
Evaluating the modernity of your data estate can help you:
- Enhance Data Security: Assessing your data estate can identify potential vulnerabilities and risks, allowing you to strengthen security measures and prioritize critical upgrades.
- Improved Data Quality: A modern data estate is equipped to maintain data accuracy and consistency, leading to better decision-making.
- Support Advanced Analytics: Modern data estates are primed for advanced analytics and machine learning, which can drive innovation and competitive advantage.
- Enhance Compliance: Assessing your data estate can help you adhere to regulatory requirements and compliance standards.
Is Your Data Estate Ready for the Modern World?
Identifying potential weak spots will illuminate where modernization efforts could have an outsized impact. A modern, future-proof data estate is critical for organizations to thrive in today’s data-driven world. By taking time to assess your storage, processing, and security honestly, you can gain valuable insights into the maturity of your data infrastructure.
While emerging technologies present new opportunities, legacy systems can hold you back from leveraging analytics and unlocking data’s full potential. The journey toward modernizing your data estate requires continued dedication, but the payoff is immense – positioning your organization to extract maximum value from data for deeper insights, informed decisions and accelerated innovation.
Interested in exploring how a modern data estate can empower your organization? Visit Modern Data Estate – People Tech Group to see how we can help assess your infrastructure and build a cloud-native solution tailored to your needs. Feel free to reach out for more information – we’re here to assist you in every way possible.
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