Data is more important than ever to businesses and individuals alike. Data can provide several different benefits to companies. This includes helping them create relevant or sought after products, or even helping them optimize how their business is run.
These benefits are being realized by more and more companies, as the data industry has grown rapidly, and will continue to grow for many years into the future. As with many industries that experience growth in this sort of manner, there are always new trends coming out to help companies manage their databases and the data held inside of them. These trends are meant to make data and database management more efficient, effective and streamlined.
Without any further ado, this article is going to look at some of the biggest trends in data management and database management
Analytics Will Continue to be Huge
One of the most important parts of businesses nowadays is using data analytics. The idea and use of analytics is to discover certain patterns in your data, and use those patterns to help make important business decisions. Analytics can tell companies a ton of information about their customers and products.
In particular, they can help businesses personalize their products or services, which is incredibly important to customers in 2019. Personalization can improve customer loyalty, which is incredibly important for companies to remain relevant and successful. Unfortunately, manually identifying and searching for patterns in data can be a cumbersome process.
For example, managing log data is incredibly difficult to do manually, and if it’s not managed or monitored correctly, it can severely hurt your companies success. Thankfully, certain services and platforms (such as Loggly.com) can help analyze all sorts of log data in a very efficient manner.
Different Businesses Are Beginning to Use Data
Let’s face it, data has gone mainstream. In the past, only a small percentage of industries or companies used data. While data could always help a variety of companies, many simply didn’t know how to use data or didn’t have viable platforms to manage or store it. But in 2019, nearly every company is able to use data for their benefit.
While areas like e-commerce, financial services and healthcare have been taking advantage of data for years, industries like consumer packaged goods, manufacturing, construction and many others are beginning to see the benefits. Spending on database management and data analysis itself is only sure to grow as more companies look to realize the potential data can provide their companies.
The Use of A.I Will Continue to Grow
It seems like artificial intelligence has been the biggest buzz word of the past half-decade or so. Nearly every industry out there has found some benefits of use cases for A.I and machine learning, and the data/database management industry is no different. Managing a database is often full of repetitive tasks that need to be accurate, which is an area that A.I can help out greatly.
Utilizing A.I to help manage databases could save companies a ton of money and time. In particular, they will help ensure a company can scale. Whether you need to manage or analyze a lot of data or a little, A.I will be able to take on the job. Without it, hiring more people to manage your database as you grow will be all but required, which isn’t cheap.
The Increasing Importance of Security
Unfortunately, the prevalence of data breaches, hacks and other cyber attacks are on the rise. Millions of individuals have had their personal information and data stolen in the several large data breaches we have seen over the past few years. As a result, the importance of data security has never been larger.
Companies and individuals alike need to do all they can to protect their data and personal information. Businesses require data to make decisions and judge the success of their company, but they need to ensure the security of this data is their largest concern. If your company suffers a data breach or leaks important or personal data, it could spell the end of your company.
Data breaches can cost companies millions of dollars in penalties and fines, and your reputation could take a major hit as well. As a result, take every precaution you can and use every security measure available to ensure your company protects the data that your database holds and manages.
IoT is Going to Experience a Lot of Adoption
One of the most exciting areas of the data industry is the Internet of Things (IoT). The Internet of Things is where devices are able to contact and share data with one another, without manual human interaction. Wearable technologies, smart homes, connected vehicles and virtual assistants are all examples of IoT. It is believed there are billions of connected devices throughout the world, and that number is only expected to rise.
IoT can have a major impact in the data industry. IoT will allow companies to monitor, measure, process and analyze data with unmatched speed. If your database can seamlessly share data with other platforms or services you use without the need for a human, it will greatly increase efficiency. As the IoT industry continues to grow and mature, companies will certainly be looking for ways to use it to streamline or optimize their databases.
In conclusion, we hope that this article has been able to help you learn a little more about some of the top database management trends of 2019.
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