5 Best Data Management Predictions to Watch in 2023

Data Management Predictions

Data management has been a constant challenge over the years. Every innovation that brings down the chaos in the world leads to an increase in data. This means that innovation’s benefits are often negated. These factors make data management both a challenging field and one that is both creative and vibrant. These are the top data management market predictions for 2023.

5 Best Data Management Predictions

1. DataOps for Better Data Management

Ram Chakravarti (CTO at BMC) named DataOps a major trend in data management.

Chakravarti stated that “insights from enterprise data aren’t translated quickly enough and it takes so long to process and analyze it that when the insights are finally in hand, it that it often is too late to take action upon them.”

DataOps refers to the application of agile engineering best practices to data management. This will improve the success rate of data and analytics initiatives.

DataOps is an automated and process-oriented approach, and collaborative approach to designing, implementing, and managing data workflows and a distributed data

Therefore, in 2023 we will see more companies recognize data’s value and implement DataOps strategies to become more data-driven. Those who have started this process will see a decrease in data-related exceptions in applications and vice versa and a better ability to deliver data projects on schedule.

Chakravarti stated that organizations can make improvements to improve data quality and trust in modern data environments, as well as improve data quality, trust, and business outcomes.

Also read: Top 10 Ways Prevent Data Loss in a Company

2. Data Sovereignty Pressures

According to Danny Sandwell (Quest senior solutions strategist), data sovereignty laws will increase pressure on businesses to make their data more visible and interoperable.

Sandwell predicts that companies will take a proactive role in developing their own data governance policies, despite the constant stream of regulatory actions.

Sandwell stated that “the current global patchwork data sovereignty and privacy laws have made establishing consistent policies for data integration, sharing and compliance more difficult than ever before.”

Without clear plans for data integration, governance and management, this will have a significant effect on the ability of organizations to make maximum use of their IT infrastructure’s data.

Therefore, in 2023 we can expect more data sovereignty laws and sharing laws to be passed. This will encourage higher investments in data visibility and clear plans for sharing across the IT landscape.

3. Comprehensive Data Protection

The increasing use of SaaS tools is a result of the dependence on virtual tools to support hybrid environments around the world. Given the increasing volume of enterprise data, cybersecurity threats are bound to persist and become more complex in 2023.

It is almost impossible to stop all the ways that bad actors can hack networks, exploit unknown vulnerabilities, target company data, and backups, and extort money out of organizations. More comprehensive protection is therefore required.

“In many ways, security preparedness is like a cat-and-mouse game. This is why many companies have security strategies that go beyond detection and prevention. But data protection, backup, and recovery are also important,” said Andrew Smith, Wasabi Technologies senior manager of strategy and market intelligence and strategy.

I expect to see IT and security decision-makers adopt cloud-based backup strategies as a key tenet in their overall data security strategy. Cloud data management and protection tools, such as cross-region replication, object lock/immutability, and object lock/immutability will become increasingly important tools for infrastructure administrators and security personnel in their constant battle to prevent data loss due to ransomware and malware attack.

4. Data Management To Prevent Exfiltration

Remote work is not going away. We are seeing evidence that the job market today is moving towards a global candidate pool, regardless of where they may be located.

The workforce is also more mobile because employees change jobs multiple times throughout the span of their careers

“This combination makes corporate data more vulnerable than ever in the coming year,” said Nathan Hunstad (Deputy CISO at Code42).

“Job-hopping can also lead to data exfiltration, as people leave work and take their data with them. Whether with malicious intent or not.

He stated that there is a 1 in 3 chance company loses IP when an employee leaves, Nearly three quarters (71%) of companies are not aware of the amount of sensitive data their departing employees typically take with them

In 2023, security teams are expected to revamp protocols in order to better prevent data theft. Data management platforms will also release features to detect data theft and make data exfiltration more difficult.

Also read: Data Masking: What It Is, Types, Techniques and Best Practices

5. Know Where Your Data Lives – or else

Chip Gibbons, CISO of Thrive, warns organizations to be more aware of where their data is located, regardless of what industry they work in.

Financial institutions, law firms, and healthcare providers should be aware of this fact.

Gibbons stated that even for companies that don’t manage a lot of data, it is crucial to understand where and how to protect your data. The consequences could be dire.

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