With the amount of data being collected from IoT, mobile, big data, and streaming data technologies, the most pressing issues for organizations in 2023 will be connected to managing all the data, including storage, security, and governance. 2023 will be a year when data technologies will excel at connecting businesses, processes, and people. The expectation is that data will become the most important asset a company can have, bringing about another cultural shift where business is driven by data. Business staff, stakeholders, and employers will all be drawn into the new enterprise data management culture to enable better outcomes. Read on to learn more about the top trends in data management.
Use of Single-Point Data-Management Platforms
On the horizon, the move will be toward the use of single-point, enterprise-grade data Management platforms instead of multiple data solutions across an enterprise that are not integrated. This trend has been gaining momentum over the last few years. Still, now most businesses will not be able to survive without single-point, scalable, completely integrated Data Management solutions for optimizing data collection and distribution across all data channels.
One of the downsides to Data Management efforts is that it will come at the expense of Data Analytics. When companies begin investing more time and effort into managing their data, that will leave fewer resources leftover for Data Analytics.
Big Data Management Trends to Watch in 2023
Enterprises will invest more dollars into sophisticated technology solutions to avoid hiring expensive Big Data Experts. This trend leads many to believe that the Big Data market will continue to grow in the coming years. 2023 will see more Big Data Analytics projects, especially on AI/ML-loaded platforms. Big Data Projects will continue to prosper due to the evolution of many parallel technologies, including AI, Machine Learning, Data Migration, and Cloud Processing.
Data Security & Privacy Management Trends for 2023
Managing the many different types of data and data channels will become even more challenging as we move forward into the new year, especially with regulatory authorities imposing newer, stricter requirements for handling such data. Data Governance and GDPR, initiated in 2018, will mature as we move through 2023.