Every second, each person in the world generates 1.7MB of data.
Over ½ the world’s data was created in the last 2 years.
Only 2% of that data has been analyzed.
Those are the facts. The next question you should be asking is whether your business (or your customers’ business) is ready to handle (and more importantly, use) the volumes of data coming your way?
Fueling Data’s Explosion
Few people are surprised the amount of data being generated every second is on the rise. The drivers behind this explosive growth are technologies that have become so mainstream that we forget about the impact of the data they are generating.
I am constantly shocked by stats showing how little of the data we’re collecting is being used effectively (or at all). Businesses are falling behind; unable to unleash insights that will create real value, and they need help, quick or, as I’ve said before, they’ll find themselves left behind.
There are a few key technologies that are accelerating the data-centric era.
Democratization of artificial intelligence will make intelligence more accessible for every organization and will also continue to increase available data and sources of information.
Emerging 5G networks are the foundation for innovation by increasing bandwidth with lower latency to seamlessly connect more devices. New applications are, and will, continue to emerge to take advantage of the 5G benefits.
IoT, enabled by these high speed networks, are contributing to a rise in projects to enable smart cities, and connected industry and factories, which are ranked among last years’ top IoT projects.
Increasing scale of cloud computing is driving new services and solutions to solve the challenges facing businesses in a flexible, scalable and secure platform. It’s not surprising that in a business climate where the only constant is change, that Everything-As-A-Service continues to dominate.
And, although it’s related and integral to many of these growth areas, the increasing appetite for digital content is another factor we can’t ignore.
Time’s Not on Your Side
We have talked extensively about the accelerated pace of change facing businesses. That’s just one of the reasons companies can’t afford to sit back and wait to make the necessary changes to remain competitive.
I can think of at least four reasons businesses should act sooner rather than later.
1. End of Life: No more support and security threats that prey outdated software. Key dates you should be tracking include Windows Server 2008 (which hit end of life in 2015 but extended support ends in 2020) and Extended Support for SQL Server 2008 and 2008 R2 ends July 9, 2019.
2. Outdated Hardware Hinders Transformation: 55% of companies point to legacy hardware as barriers to their digital transformation. If you can’t deploy new solutions as fast as your competitors, they’re going to eat your lunch.
3. Legacy Infrastructure’s Barriers: Information silos and data pockets, traffic demands for connected services, and network bottlenecks, not to mention the tidal wave of data, are swamping the infrastructure at the heart of business, and limit agility and competitiveness.
4. High Cost of Do Nothing: Consider the amount of time your staff spend patching or creating workarounds to do a job that needs to be done. Maintenance costs climb. Downtime not only hampers productivity but is frustrating for your staff. And, outdated hardware and software leave you vulnerable to security breaches. These have significant costs in real dollars.
Tomorrow’s Platform Today
Today, the cost of doing nothing is high. The cost of waiting is also high.
We recently announced a portfolio products optimized to help customers take action now and start to extract value from data and thrive in the data centric era.
In case you missed the news, here’s a quick summary of some of the key technologies we unleashed so businesses can tap into, derive insights and gain value from their data.
2nd Generation Intel® Xeon® Scalable processors: Performance for complex workloads is just one advantage our partners are already taking advantage of, it’s also packed full of evolutionary enhancements to support AI, network function and security.
Intel® Deep Learning Boost: Integrated with 2nd-Generation Intel Xeon Scalable processors, Intel DL Boost accelerates AI inference workloads from the data centre to the edge.
Intel® Optane™ DC persistent memory: In the past you had to choose between fast, volatile “main memory” or slow, permanent “storage”. Intel Optane DC persistent memory brings together the best of both worlds.
Intel® AgilexTM FPGA: Built to enable applications in edge computing, networking (5G and NFV) and data center, Intel Agilex FPGAs bring greater flexibility and agility to data-intensive infrastructure.
Accelerate Your Future
Geoffrey Moore has been quoted as saying: “Without big data [and] analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.”
We need to help our customers remove the blinders, take stock of their surroundings and equip them to accelerate into the fast lane.
If you haven’t already, take the time to find out more about how our Data-Centric Innovation Day moved the needle to change the way companies move, store and process data so companies can start to take advantage of the untapped stores of data at their fingertips.