Saturday, February 4, 2023

5 Top Data Management Predictions for 2023

The more data you have, the greater the management burden.

Hence, data management has been an ongoing challenge for years. With every innovation that calms things down, the amount of data in existence rises so sharply that the gains introduced by innovation are largely nullified. Those factors make data management a challenging field, but one that is both creative and vibrant. Here are some of the top predictions in the data management market for 2023:

Top Data Management Predictions

1. DataOps For Better Data Management

Ram Chakravarti, CTO at BMC, named DataOps as a big trend in data management.

“Insights generated by enterprise data are not translated quickly enough, and it takes so long to process and analyze it that when the insights are finally in hand, it’s often too late to act upon them,” Chakravarti said.

“DataOps is the application of agile engineering and DevOps best practices to data management, which promises to improve the success rate of data and analytics initiatives.”

DataOps is a process-oriented, automated, and collaborative approach to designing, implementing, and managing data workflows and a distributed data architecture.

In 2023, therefore, we will see more companies recognize the value of data, implementing DataOps strategies, and becoming more data-driven businesses. Those that have begun that process will start to see a reduction in the number of times data is causing exceptions in applications, and vice versa, and an improvement in the ability to deliver data projects on time.

“With these improvements, organizations will be able to build quality and trust back into the modern data environment while also improving data quality, trust, and positive business outcomes,” Chakravarti said.

See more: Best Practices for Data Management Using DataOps

2. Data Sovereignty Pressures

Data sovereignty laws are going to spur increasing pressure on businesses to make data more visible and interoperable, according to Danny Sandwell, senior solutions strategist at Quest.

As a result, Sandwell expects to see companies take a more proactive role in creating their own data governance policies amid the ongoing wave of regulatory action.

“The current global patchwork of data sovereignty and privacy laws has made it more complicated than ever for businesses to create consistent policies on data sharing, integration, and compliance,” Sandwell said.

“This will continue to have a significant impact on organizations’ ability to maximize the use of data across their IT infrastructure, unless they put together clear plans for data integration and governance.”

In 2023, therefore, expect the passing of more data sovereignty and sharing laws, which will spur higher investment in ways to gain visibility into data and the creation of clear plans for sharing and integration across the IT landscape.

See more: Why Data Sovereignty Matters: Balancing Business and Customer Concerns

3. Comprehensive Data Protection

Given the reliance on virtual tools to support hybrid work environments across the globe, increasing adoption of SaaS tools, and the continued growth of enterprise data volumes, it is inevitable that cybersecurity threats will persist and become increasingly complex in 2023.

It is nearly impossible to prevent all the ways bad actors can infiltrate networks, exploit unknown vulnerabilities, and target company data and backups to extort money from organizations. Thus, more comprehensive protection will be needed.

“In many ways, security preparedness and malware prevention is a cat-and-mouse game, which is why so many organizations deploy security strategies that include not just prevention and detection, but data protection, backup, and recovery as well,” said Andrew Smith, senior manager of strategy and market intelligence, Wasabi Technologies.

“I expect to see more IT and security decision-makers adopting cloud-based backup strategies as a central tenet of their overall data security strategy. And, as security threats remain persistent in 2023 and beyond, cloud data management and protection features, like cross-region replication and object lock/immutability, will be increasingly important tools for security and infrastructure admins in their perpetual battle to prevent data loss and downtime due to malware and ransomware attack.”

See more: 5 Top Backup Storage Trends

4. Management Of Data To Prevent Exfiltration

Remote work isn’t going anywhere. In fact, we’re seeing signs that today’s job market is trending toward a situation where the candidate pool includes the entire world, no matter the location.

At the same time, the workforce is more transient, because employees are changing jobs multiple times throughout the span of their careers

“This combination means corporate data is more vulnerable than ever in the coming year,” said Nathan Hunstad, deputy CISO at Code42.

“Job hopping also lends itself to more data exfiltration as people leave and take data with them, whether with malicious intentions or not.”

He cited a one in three chance that a company loses IP when an employee quits; and nearly three-quarters (71%) of organizations are unaware of how much sensitive data their departing employees typically take with them.

Thus, in 2023, the prediction is that security teams will revamp protocols to take better care of data exfiltration prevention. Expect, too, that data management platforms will release features designed to spot data theft and make it difficult for people to exfiltrate data.

See more: Tips for Protecting Your Intellectual Property

5. Know Where Your Data Lives – Or Else

Chip Gibbons, CISO at Thrive, cautions organizations to be more cognizant of where their data lives, no matter what industry they are in.

Financial institutions, law firms, health care providers, and other companies that deal with sensitive customer data should already understand that.

But even for those companies that aren’t typically managing lots of data, it’s crucial to know where your data lives and how to protect it, Gibbons said. Otherwise, the consequences could be grim.

See more: Top 5 Data Governance Trends

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