According to Statistica, the total amount of data created, captured, copied and consumed globally reached 64.2 zettabytes in 2020. By 2025, global data creation is projected to grow to more than 180 zettabytes. This makes effective data management not only necessary but essential to business. With data volumes surging, the demand for real-time insights follows and businesses are increasingly turning to modern enterprise storage solutions to stay ahead of the curve.
Proper data management can provide an extremely competitive advantage to you and your business. To unlock the full potential of your data assets, address these four modern enterprise storage solutions:
1. Scalability and Performance: Modern enterprise storage solutions have opened the door to a new age of data management. Recent data from IDC emphasizes the importance of high performance storage solutions, with the global enterprise storage market witnessing a staggering 13.4% year-over-year growth in the third quarter of 2023. It is vital that your data storage solution is scalable and its performance is not compromised. Solutions, such as Verinext’s All-Flash Storage and Scale-Out Storage offerings fueled by solid-state drive (SSD) technology, offer a customizable option for businesses to ensure their businesses can meet the demands of data-intensive applications and workloads, both now and in the future.
2. Data Analytics and Business Intelligence Integration: According to Gartner, a staggering 72% of organizations are investing in advanced analytics and business intelligence tools to sharpen their decision-making processes. By integrating data analytics and business intelligence tools with modern storage solutions, businesses can access an incredible new level of insights. Businesses can leverage these insights to better target, reach and connect with their customers. This competitive edge is achievable through options such as Verinext’s Big Data Analytics and Data Analytics which offer actionable insights from expansive datasets in real-time. For more information on Leverage your Data Analytics, read: Data Solutions.
3. Hybrid and Multi-Cloud Storage Strategies: Hybrid and Multi-Cloud storage has become extremely popular and rightly so, the modern business landscape demands flexibility and agility in storage solutions. Recent research by Flexera highlights the widespread adoption of multi-cloud strategies, with 93% of enterprises embracing this approach. When seeking out your storage plan, look for a solution that empowers your business to optimize costs, performance, and data resilience and strengthen your network security. This, partnered with seamless integration with your on-premises infrastructure, will maximize the flexibility and overall scalability of your resources.
4. Data Monetization Opportunities: Beyond storage and analytics, modern solutions offer lucrative opportunities for data monetization. As traditional digital signals disappear, companies are digging for data that can influence their sales and overall business impact. Businesses with access to first-party data stand to make a pretty penny. The IDC projects the global data market to reach $229 billion by 2025, driven by the escalating demand for your business to document data-driven insights. This makes it more valuable than ever to implicate innovative data monetization, unlocking new revenue streams that fund your business growth.
Overall, enterprise storage solutions are crucial for businesses looking to keep ahead in our data-driven world. By leveraging cutting-edge technologies, organizations can navigate the complexities of modern data management and storage with confidence, setting the stage for a future fueled by data-driven success.
With over two decades of providing data protection and data resiliency solutions and services, Verinext provides white-glove, expert capabilities to medium and large enterprises. Our diverse range of cutting-edge storage solutions is tailored to meet the changing needs of businesses across all industries. Learn More.
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