7 IT-related challenges that need to be addressed for M&A deal success
Associate Vice President- IT Infrastructure & Projects Group, Aegis Limited
ith every possible service going digital and the continued rise of Internet connected devices — the amount of data stored is only set to increase further. This is corroborated by an EMC-IDC Digital Universe study, which states that the digital universe in India will grow 23-fold between 2012 and 2020.
With data growing at such a fast pace, enterprises are investing in enterprise storage systems that promise reliability and speedy access. For example, even though SSDs are expensive as compared to traditional storage options, they are being actively considered in sectors like BFSI and e- commerce, which require higher IOPS per disk. That said, tape as a medium cannot be written off completely, as enterprises continue to believe in tape as the storage medium of choice for their long-term archiving and data retention needs.
Software- defined storage is also expected to be a dominant trend this year, as it allows enterprises to define more granularly their enterprise storage needs. For example, with software- defined storage, enterprises can choose the capacity and performance in IOPS that they need for specific applications. Analysts believe that software- defined storage can enable enterprises to stop the inefficient method of over-provisioning as storage can be allocated more intelligently and accurately.
Among smaller enterprises and startups, cloud-based storage is picking up in a big way. In India, a host of Indian digital service providers are using the cloud, as the promise of no CAPEX cost and low running costs is extremely alluring. In the future, as enterprises expect more scale and greater cost economics, expect cloud-based storage to be the norm than the exception for large enterprises too.
But the biggest impact on storage may come from the increasingly huge number of devices that are connected to the Internet. For example, Cisco estimates that more than 50 billion devices will be connected to the Internet by 2020. Similarly, Gartner estimates that IoT will include 26 billion units installed by 2020. This will have a massive impact on storage as these devices will generate massive amounts of input data from globally distributed sources. Looking at the sheer volume, velocity and type of data generated due to IoT, enterprises will have to relook at their methods of storing data.