Set your data free, Deloitte report tells business

Tech Trends 2018 predicts move to modernize data management, balancing control and accessibility. cloud security

Companies will ditch the traditional “brute force” approach to data management and seek a balance between control and accessibility in the next 18 to 24 months, according to Deloitte’s Tech Trends 2018 report. Despite snowballing data volumes and regulation across the globe increasing, the report suggests that forward-thinking businesses will intelligently improve accessibility to data rather than increasing restrictions within traditional data-management architectures. 
The authors predict that as traditional boundaries separating organizational domains are removed, data will become available across business units, departments and geographies and no longer be subject to canonical definitions, hierarchies of access and governance protocols. Within this new, accessible architecture, data is dynamically managed using meta data and machine learning while natural language processing and automation tools are used to organize and provide appropriate access to it. 
Challenges of regulatory compliance and the increased risk of data breaches are addressed in the report, which suggests that a dynamic approach will put data, not infrastructure center stage. To determine which jurisdictions can legally access what data, the report suggests businesses employ rules engines or segregate data into clouds according to legal jurisdiction. To protect data from breaches, the report suggests protecting individual pieces of data, rather than the silos in which the data resides, using encryption, database activity monitoring and data access governance. 
The report states: “As data grows exponentially in both volume and strategic importance, enterprise data sovereignty offers companies a blueprint for transforming themselves into data-driven organizations. Achieving this goal may require long-term investments in data integration, cataloging, security, lineage and other areas. But with focus and careful planning, such investments can generate ROI in the form of a dynamic data management construct that is constantly evolving, learning and growing.”
According to the report, the first steps on the journey to dynamic data management include: assessing data efficiency, analyzing unstructured data before it enters the supply chain, using metadata to enhance data context and using a natural language interface and cognitive computing tools to help users navigate data. 
To read Deloitte’s Tech Trends 2018 report in full, click here.
To learn more about the data you have and how you can develop a more dynamic approach to management, talk to the experts at Crown Records Management