Jerome Evans, Founder and Managing Director of firstcolo GmbH, explains the opportunities for today’s companies as a result of the increase in global data volumes.
Whether it’s self-driving cars or smart personal assistants – data They are the lifeblood of a rapidly growing digital reality. More and more digital applications are also being used in companies, which not only use data, but also constantly generate new applications. By 2025, the global data volume is expected to increase tenfold to 163 zips. In this context, they open up new, unexpected possibilities – exciting application possibilities lie, for example, in data analysis, in new business models, innovative ways of thinking and new ecosystems in sectors such as robotics and machine learning and their huge potential for the economy and society.
The opportunities that the value of data brings to today’s business are enormous. So entrepreneurs should now focus more on the big trends behind the explosive growth of data in the coming years. Because it proves essential to define a strategy for their organization that takes into account the future value of the data that is being created, collected, used and managed. In this context, data warehousing in particular is becoming increasingly important as it forms the basis for most of these future technologies. With the large amount of data stored globally in data centers, it is becoming increasingly difficult for companies to keep track of data flow. It is therefore of great importance that data residing in cloud environments, for example through Artificial intelligence applicationscan be processed “intelligently”.
This can help companies make optimal decisions by automatically evaluating information. Thus, smart storage of data mainly contributes to long-term success. Networked speakers, lighting, or devices for power management are also on the rise—smart devices, or so-called connected devices for home networks, are on the rise all over the world. In 2021, the global market for Smart home devices at 11.7 percent, by 2026 it is expected to grow in double digits. The number of consumers and businesses creating, sharing, and retrieving data with a variety of end devices and in the public or private cloud is therefore constantly growing and will far exceed previous expectations. In fact, the adoption of cloud computing, enterprise digital transformation, video streaming, e-commerce, and data sovereignty regulations are all driving the current demand for data center capacity.
Advances in computer technologies allow robot architectures, such as Tesla’s optimus robot, to be developed using more and more sophisticated image processing or language processing algorithms to interpret situations and generate context-sensitive actions and adapt them to the specific situation. The availability of large amounts of data and cloud computing will open up new possibilities for realizing future developments and systems in the foreseeable future.”