The cloud and data economy complement each other, providing cost-effective and scalable infrastructure for competitive businesses.
The emergence of cloud computing has made possible, among other things , the democratization of information technology. With ever-expanding reach, significant cost reductions, and the abundant variety of applications available, any user can take advantage of the best of existing technology.
Now,How do data management and the cloud complement each other?
HubSpot BLOG
87.8 % of companies increased their skype database in data in 2022 and 9 out of 10 will increase their investments in data and analytics in 2023 despite economic uncertainty.
Source: G2
Cloud and data management are a perfect match
A few years ago, on-premise solutions were used to manage structured and unstructured data, but this generated data silos that prevented having a 360-degree view of the business.
With this limitation and coupled with the unprecedented digital transformation, cloud adoption grew exponentially with the search for tailored and scalable solutions by businesses that sought flexibility and agile data processing capabilities, while transforming and reinventing themselves.
HubSpot BLOG
45 % of enterprises worldwide run at least one of their Big Data workloads in the cloud .
Source: Techjury
Companies today are looking to boost their business and operations through data analysis supported by a cloud infrastructure. And this will only continue to grow.
The amount of digital data worldwide increased from two zettabytes in 2010 to 64 zettabytes in 2020. It is estimated that by 2025, the volume of data generated will exceed 180 zettabytes, an average annual growth of almost 40% over five years.
HubSpot BLOG
64 % of companies believe that Big Data/analytics will be the technology initiative that provides the greatest competitive advantage by 2023 , followed by the cloud (50%).
Source: Statista
A unified cloud platform
To deal with all this, fortunately today, there are unified platforms such as the one offered by Snowflake to be able to process huge amounts of data in the cloud.
The advantages of unified platforms for cloud data management include secure access through data governance policies to generate previously unthinkable insights, collaboration between different cloud environments without friction or data silos, the possibility of developing applications, models and pipelines where the data is located and finally the ability to create new sources of income through data monetization.
In short, the multi-cloud environments in which most businesses operate increasingly demand robust and agile solutions to deal with the flood of data generated every minute. Being able to access data where it is generated, with effective governance and security policies, makes Cloud Data platforms an unbeatable ally for the challenges that companies face in a competitive data economy.
Are cloud and data economy incompatible?
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Re: Are cloud and data economy incompatible?
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