Data Management Key to Success in the Age of AI, says Seagate’s BS Teh
Most organisations in India believe that artificial intelligence (AI) applications will drive productivity and business performance of their organisations, according to theData Pulse: Maximising the Potential of AIsurvey by global data and storage leader Seagate Technology. In a conversation with YourStory,B.S. Teh, Senior Vice President of Global Sales and Sales Operations atSeagate talks about how businesses’ ability to manage data is the key to success in capitalising on the AI opportunity.
Today, data is critical to all aspects of human life and is now the lifeblood of our rapidly growing digital existence. The growth of data in the past few decades is remarkable for its volume and criticality, and it will only grow further in the years to come. According to IDC’s“Digitization of the World – From Edge to Core” report commissioned by Seagate, the global Datasphere will grow from 23 Zettabytes in 2017 to 175 Zettabytes by 2025.
Insights from this data deluge can bring myriad opportunities for businesses across industries to gain competitive advantage. Lucrative as this may be, in order to reap the benefits of this growing Datasphere and draw actionable insights, organisations must first learn how to store and manage data effectively. Data must be archived and stored in ways that provide appropriate levels of performance and enable analytics and intelligence to be applied to them. Concurrently, it must be done in a cost-effective and secure manner. This is not necessarily an easy task given that some industries still have data in silos within the corporate walls, as well as externally, residing in locations where the data is not generally accessible, such as branch offices, contractor sites or other remote business locations. Businesses are also faced by roadblocks around IT infrastructure, budget, commitment from the leadership team, and talent while rolling out a successful data management strategy.
