Seagate Launches New Data-Readiness Idx Revealing Impact Across Four Global Industries as 30 Percent of Data Forecasted to Be...
November 27 2018 - 12:01AM
Business Wire
Leading Market Research Firm Concludes
Enterprise to Become World’s Data Steward, Healthcare Primed to
Become the Fastest Growing Sector
The global datasphere1 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
Digitization 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 among key industries examined in the study, it is primed
to grow the fastest, 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 Digitization 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 monetization of data to help inform
today’s business leaders on their level of data-readiness. Ranging
from 1 (Critical) to 5 (Optimized), 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 capitalize 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 percent 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.
“We are at the beginning of an era where both data creation and
data utilization are forecasted to grow rapidly over the next
decade. While some industries are more prepared for digital
transformation than others, all businesses need to be ready to act
on a solid digital strategy in order to be successful in the data
age,” said Dave Mosley, Seagate’s chief executive officer. “Data
technologies are becoming central for productivity expansion, data
monetization and value-creation. We are excited to be part of this
transformation and be a strong supporter to enable these
opportunities for the years to come.”
Enterprise out in front
The enterprise is fast becoming the world’s primary data steward
in today’s connected world. The Digitization of the World study
predicts that the installed bytes across the enterprise is to
represent over 80 percent 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 Digitization 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 analyzing data in business environments.
With businesses looking to centralize 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 centers are becoming the new enterprise data repository.
In essence, the cloud is becoming the new core.
“While endpoints continue to be the primary location for data
creation in the short term, the fastest growth is forecasted to
happen at the core and the edge - with more data stored in the core
than in the world’s endpoints by 2025. This will be particularly
true for major industries as edge computing continues to be a key
driver of business-critical factors and digital transformation,”
said David Reinsel, senior vice president at IDC.
For more information on “The Digitization of the World – From
Edge to Core” and DATCON index, download the study:
www.DataAge2025.com.
About Seagate
Seagate creates space for the human experience by innovating how
data is stored, shared and used. Learn more at www.seagate.com.
Follow Seagate on Twitter, Facebook, LinkedIn, Spiceworks, YouTube
and subscribe to our blog.
© 2018 Seagate Technology LLC. All rights reserved. Seagate,
Seagate Technology and the Spiral logo are registered trademarks of
Seagate Technology LLC in the United States and/or other countries.
All other trademarks or registered trademarks are the property of
their respective owners. Seagate reserves the right to change,
without notice, product offerings or specifications.
1 The global datasphere is the quantification of the amount of
data created, captured, and replicated across the world.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181126005585/en/
Helen Farrier +44 (0) 7500 838045Seagate Corporate
Communicationshelen.farrier@seagate.com
Seagate Technology (NASDAQ:STX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Seagate Technology (NASDAQ:STX)
Historical Stock Chart
From Sep 2023 to Sep 2024