Topics In Demand
Notification
New

No notification found.

Blog
Data trends to watch for in 2021

March 2, 2021

24

0

In the wake of a pandemic that has caused severe economic impact and social devastation with countless lives being lost, we are now seeing an unprecedented acceleration of moves towards digitalisation.

Here are some of the trends which will play key roles over the course of 2021:

Rise of the Data Cloud: Organisations are increasingly utilising data analytics through the use of the Data Cloud, delivering benefits in the areas of strategy and business efficiency. Rather than relying on outdated on-premisetechnology, businesses are using integrated cloud platforms that support many different workloads to improve business agility and shorten response times. In 2021, the Data Cloud will be used to meet growing business demand for richer insights into customer behaviour. Businesses will take advantage of these additional data sets and combine them with their existing data. The platform also offers both elasticity to manage changing customer demands and enhanced data governance, so that a business has a clear sight of where its data assets reside.

Data Governance: As the amount of customer data being collected and used increases in 2021, businesses need to ensure privacy and governance requirements are being adhered to. Customers will want to know what details about them are being collected and where they are being stored. It is vital to have a well-structured data policy in place to ensure the right employees are getting access to what they require. Customers will quickly lose faith in a business if they know their personal details are readily accessible by anyone who cares to look.

Collaboration Goes Mainstream: This new working environment will also fuel a growing demand for data external to an organisation, through a wider connected network of data-sharing technology. Having an acute awareness of data from the entire business ecosystem including partners, customers, third-parties, and the wider industry will be key.

Every Application becomes a Data Application: Most applications today process large volumes of data to deliver value and the greatest share of engineering time, energy, and dollars goes into handling undifferentiated operations. Customers will look for a platform to simplify developing data-intensive applications, scale cost-effectiveness, and deliver real-time analytics.

Data Security: COVID-19 has completely shifted the notion of location, and with it, how security will be viewed in the year ahead. No longer is the corporate network the main point of security, but now with a large number of users telecommuting from home, identity will become the primary layer for improved security. Identity will truly become the new perimeter, enabling organisations to make deeper decisions about who a user is and what they should have access to; they are no longer bound by location. To support this, multi-factor authentication will become more advanced to better understand someone’s identity, including what systems a user should have access to.

Source: Dataquest/Vimal Venkatram, Country Manager, India, Snowflake


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


PremKumarit

© Copyright nasscom. All Rights Reserved.