The study, The Digitisation of the World – From Edge to Core, assesses data-readiness of the four critical industries.
The global datasphere could grow to 175 zettabytes by 2025, and industries such as Financial Services, Manufacturing, Healthcare, and Media and Entertainment are helping to define this new era of data growth. This is according to an IDC White Paper The Digitisation of the World – From Edge to Core, sponsored by global data and storage leader Seagate Technology, which examines impending shifts to the global data model. While Healthcare currently has the smallest share of the global enterprise datasphere, far surpassing the Media and Entertainment sector and matching the Financial Services sector by 2025. The growth reflects advancements in healthcare analytics and imaging technology, as well as the increasing amount of real-time data created in medical care.
The study, The Digitisation of the World – From Edge to Core, assesses data-readiness of the four critical industries that encompass nearly half of the global enterprise datasphere. It does so by using DATCON (DATa readiness CONdition), an index that evaluates management, usage and monetisation of data to help inform today’s business leaders on their level of data-readiness. Ranging from 1 (Critical) to 5 (Optimised), DATCON scores are calculated across a number of metrics, including data growth, criticality, security, investment, management, skills and C-level involvement.
DATCON: evaluating global data readiness by sector
Industries are in various states of readiness and should take action to prepare for, and capitalise on, data growth. Using the DATCON index, the study identifies the most pressing initiatives businesses must consider as they approach 2025:
●Manufacturing and Financial Services scored the best overall at 3.3 each, representing the greatest use of edge computing in the four industries, with opportunity for blockchain, analytics and AI.
●Despite its rapid growth, at 2.4, healthcare has room for improvement as well in data readiness. Survey results indicate blockchain will be important for the industry, but nearly 60 per cent lack a strategy or have yet to implement any initiative.
●Media and Entertainment received the lowest DATCON score of 2.0, showing the sector ripe for advanced data technologies; particularly in data security and data management.
Enterprise out in front
The enterprise is fast becoming the world’s primary data steward in today’s connected world. The Digitisation of the World study predicts that the installed bytes across the enterprise are to represent over 80 per cent of total installed bytes worldwide in 2025. This trend will only continue to amplify the data protection responsibilities of companies around the world.
The cloud is the new core
Also revealed by The Digitisation of the World study, almost half (49%) of the world’s stored data could reside in public cloud environments by 2025. The shift to the public cloud is largely being driven by a world filled with IoT sensors that are constantly capturing, recording, and analysing data in business environments. With businesses looking to centralise data management and delivery, there is an increased reliance on the connectivity, performance and convenience that cloud services provide. As companies continue to pursue the cloud for increasing data processing and storage needs, cloud data centres are becoming the new enterprise data repository. In essence, the cloud is becoming the new core.