As we enter the last year of the decade, data will continue to dominate the IT world and its importance will continue to increase. In addition AI will increasingly effect the way we work, live, and play.
The number of autonomous things increases every year. Our interactions with vehicles, robotics, drones, appliances, and other agents will increase year in and year out. All the environments humans operate in be it sea, land, air, or digital are impacted more each day. IoT (internet of things) has expanded each year and understanding the impact on your business is crucial for staying ahead.
Data science has supplanted “big data” as the term for augmented AI driven analytics. By 2020 over 40% of data science tasks will be automated. In addition the number of citizen data scientist needed will grow at a rapid rate. How is your business utilizing data to understand your customer base?
Edge computing keeps information processing and content/data collection and storage as close as possible to the source of information with the goal of reducing latency. As we are seeing more and more “smart spaces” appear the “need for speed” is ever increasing. The impact will be felt across most verticals, be it warehousing, hotels, retail, and manufacturing, et al. The logical end will be “smart cities” where connectivity and speed of data transfer is a given.
What does this mean for your business?
- An ever increasing need to ensure that your data and your customer’s data is secure from the external and internal threats. When was the last time you had a full security audit of your network?
- Privacy issues. With the new EU data regulations in place the way you store and use customer information is under more scrutiny than ever. Is your company prepared and compliant?
- Are you storing data in the cloud? If so, how good is your access? Do you have the required space for your needs? The Internet of Things (IoT) is expanding. Soon all of our devices will be smart. Is your network prepared for the data this will generate?
- How is your business utilizing the data you collect? Is it helping you target your goods and services to you customer base?
Do the points above have you thinking? If not, they should. Compass IT Solutions is up to date with the latest IT issues and concerns. Contact us for a consultation to see what we can do for you.