In today’s fast-paced business environment, the ability to innovate is paramount. Innovation not only fuels business growth but also positions organizations strongly within any macroeconomic context. However, innovation is only possible if the fundamentals underpinning a business and its people are in place. One of these is the ability to quickly transform data into outcomes.
The rapid evolution of technology has led to an exponential increase in data generation, but without modern infrastructure, this information can become a burden rather than an asset. It is shown by a recent Dell survey (Dell Technologies Market Research, 2023) of businesses across the globe, including respondents from Ireland, that demonstrates a clear link between innovation success and organizations that have a modern data infrastructure.
Source: Dell Technologies market research (2023) – the Innovation Index
Fostering generative AI for business transformation
Generative AI is one of the examples of data’s transformative power in business. While its full potential to revolutionize industries is still unfolding, the early indicators suggest a transformative impact, contingent upon meeting key prerequisites.
For Generative AI to truly enhance organizational capabilities, it requires access to vast and varied datasets. This foundational step ensures that AI systems can effectively empower organizations to identify opportunities, make strategic adjustments, and adapt to new market directions. Still, 62% lack a connected AI/ML platform to their data warehouses, which is essential for enabling predictive analytics.
However, the presence of data is not sufficient. Data becomes a valuable asset only when it is structured and primed for AI utilization. It then transforms into a tool through which organizations can perceive, comprehend, and react to their surroundings, thereby fostering innovation with precision and agility.
That’s why now, more than ever, organisations need to focus on data availability and management – and it isn’t possible without modern data infrastructure.
Bridging the gap between cloud and on-premises
There’s no universal approach to support diverse workloads, users and data sources. It’s not all public cloud or on-premises infrastructure. It is a blend of both worlds, offering the choice and adaptability necessary to address the unique requirements as well as various scenarios and use-cases.
When it comes to data placement and computing, edge is also becoming a distinguishing factor across many industries. Nevertheless, a lack of IT infrastructure for processing data at the edge stands out as the second most reported obstacle to data-driven innovation. In addition, 68% of respondents say that they can’t move surplus data to the data centre.
As the amount of data generated, stored, and managed within distributed infrastructure continues to grow, organizations must strategize their approach. The path to modernized infrastructure lies in establishing an agile and scalable data architecture – no matter if it’s on-premises or in the cloud. To achieve this, organizations require swift and highly adaptable infrastructure capable of facilitating analytics that are nearly instantaneous.
Safeguarding Data Privacy
Undoubtedly, data requires meticulous handling, with privacy principles at the forefront. Worrisomely, a majority (53%) of IT decision-makers report that their organizations lack privacy software and data redaction capabilities to protect customer data. Adopting a modern data infrastructure can provide the necessary control measures and transparency, enabling compliance with regulations while fostering innovation.
Organizations striving for innovation must equip themselves with a modern data infrastructure capable of handling the rapid increase in data volumes, adhering to privacy regulations, navigating the complexities of multicloud and hybrid cloud setups, and fortifying against the rise in cybersecurity threats. Modern IT infrastructure and data centres are key to managing the relentless expansion of data, accelerating innovation through the implementation of time-efficient automation.
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References:
- Dell Technologies market research (2023) – the Innovation Index – based on responses from 6,600 business and IT decision-makers from organisations with 100+employees from across the following regions: North America, LATAM, EMEA, APJ and Greater China
