Data management determines the IT Charter in 2019

Veritas has found in a 2017 study that around 69 percent of German companies surveyed incorrectly assume that cloud service providers are responsible for data security, privacy and compliance of data in the cloud. This error combined with the prevailing Wild West mentality in the adaptation of multi-cloud concepts increases the risk of data leakage and rule violations.

Because based on this false assumption important own precautions are too lax or not met. In an emergency, some IT leaders will not be aware of their responsibility for data in the cloud unless they have to respond to data loss. At the same time, most IT leaders will need to further reduce the cost of their infrastructure, which will mean that most companies will need more cloud services.

The amount of data is growing unabated, but investment in data storage is declining

Last year, the amount of data grew by 48.7 percent compared to the previous year. The result: Storage runs out faster, so companies invest in more storage. However, most organizations do not even know the content of about half of all the files they save. That's why companies will be revising their storage strategies in 2018. The current "save-it-all" mentality makes room for a strategy in which companies examine the content of their data, categorize it across the board and only store those that have a value to the business and provide them with valuable insights.

The GDPR remains a challenge for companies

Despite the close deadline of May 25, only 36 percent of German companies are well prepared for the new regulations. It is to be expected that only a few companies in this country and even less worldwide will fully comply with the regulation.

Veritas expects that other countries outside the EU will be worse off. The new rules must be respected by all organizations that use data from EU citizens. Therefore, it should not surprise anyone if the first sentence is made by a company outside the EU. (Source: Veritas GDPR Report)

Data management becomes smarter thanks to Analytics

Advances in data analytics will impact heavily on archiving, backup and storage. So far, most companies are strategically operating these areas as data silos whose size is easily expanded each year. Veritas expects new technologies from the large pool of artificial intelligence to be used to analyze the data in the silos in a smarter way. Based on this, content-related policies can be enforced automatically and intelligent data management processes initiated. Companies will be able to inventory their overloaded data silos and archives in an ideal way to extract new knowledge for their business.

The extent of data leaks is increasing

According to the Identity Theft Resource Center, in the US alone in 2016, nearly 1,100 cases were registered in which companies lost data - an increase of 40 percent over 2015. This volume was reached in July 2017. With the cloud and digitization, more systems than ever are software defined and generate more data that is stored in even more places.

It is essential that companies adopt a simple, holistic approach to backup and security to protect their data and workloads throughout their environment. This approach must be agile, smart, and scalable, especially as malware can penetrate deeper into new and legacy applications, systems, and workloads than ever before. This already proves the existence of Specter and Meltdown.