The business world is undergoing a total transformation as new technologies enable the rapid processing and analysis of huge volumes of data in real-time, equipping business leaders with unprecedented insight into granular detail of every aspect of their business. A new wave of applications leveraging real-time data to provide accurate insights into challenges and opportunities is heralding the entry of the Intelligent Enterprise. But such changes do not come without significant challenges.
The escalating volume of data and the organisational complexity required to collect and store the data and then analyse it for insights that can deliver business value is forcing IT leaders to fundamentally rethink their data storage and database management strategies. As technologies such as IoT generate exponentially more data, IT leaders will have to transform their approach not only to how data is stored and managed right now but build strategies that can equip the enterprise with the agility to manage tomorrow’s challenges too.
The escalating challenge of data storage
Not too long ago, data scientists maintained that the volume of data would double every two years to reach 40 zettabytes – or 40 trillion gigabytes – by 2020. As the Internet of Things becomes increasingly pervasive, though, that figure has been revised to 44ZB, incorporating increasing volumes of non-text data such as video, graphics and other visual media.
A recent SAP study of more than 500 IT decision-makers around the world found that 74% of business leaders felt their data landscape is so complex that it limits their agility, with 86% saying they were not getting the most out of their data. When the billions of sensors connected to the Internet of Everything comes online (according to Gartner anything between 12 and 30 billion sensors will be active by 2020) the volume of data will increase exponentially, making it even more important to store data in the most effective and efficient manner possible.
Compounding the problem is the typical enterprise’s reliance on a mix of older and next-generation data storage tools, ranging from high-end in-memory computing platforms to tapes and external hard drives. Without integrating these data sets into a cohesive core, the data residing in such environments holds little to no value to the business. And considering the sheer volume of data a modern enterprise generates, data storage strategies need to evolve quickly to enable IT leaders to deliver real-time value to the business using accurate insights gained from verified data.
Plotting big data on a temperature heat map
One measure enterprises may take in storing and managing data more effectively is to classify data according to its ‘temperature’, from hot to cold. Hot data is the most accessed and includes the likes of the latest sales data. According to studies, this type of data accounts for less than 20% of a typical enterprise’s stored data. Hot data needs to be accessed frequently and as such performs best when stored in-memory where it can be retrieved quickly.
Cold data is the remaining 80% of an enterprise’s data which is accessed less than 10% of the time. It’s not typically cost-effective to store this type of data in-memory, despite the falling cost of memory.
Enterprises wishing to allocate a temperature to different types of data to more effectively store and retrieve such data need to look at a form of dynamic storage hierarchy. While it’s important to have experienced and skilled database administrators driving the initial process of developing the data storage strategy, it is impossible for humans to determine the heat of data manually.
Here, a database management platform that can support different data management strategies can deliver the best value. SAP HANA enables advanced analytics running alongside high-speed transactions in real-time for hot data while also integrating with cold data solutions such as Hadoop as well as other external data storage solutions. In one IDC white paper, businesses using SAP HANA realised a five-year ROI of 575% while enabling 40% higher productivity and 29% more efficient database management.
New iPhone pricing for SA
The iStore has announced that the latest iPhones, the Xs and Xs Max, can now be pre-ordered at www.myistore.co.za , and will be available in stores starting 28 September 2018.
|iPhone Xs and iPhone Xs Max feature 5.8-inch and 6.5-inch Super Retina displays that offer remarkable brightness and true blacks while showing 60 percent greater dynamic range in HDR photos. iPhone Xs and iPhone Xs Max have an improved dual camera system that offers breakthrough photo and video features, A12 Bionic chip with next-generation Neural Engine, faster Face ID, wider stereo sound, longer battery life, splash and water resistance,
Pre-orders will be open for cash purchases and on iStore’s revised payment plan in partnership with FNB Credit Card, allowing customers to pay off their iPhone at a reduced interest rate. However, the contract period is 37 months rather than the usual 24 months.
Accenture opens Fjord design centre in Johannesburg
Accenture has launched its first design and innovation studio on African soil, Fjord Johannesburg.
The company says the move significantly expands its design capabilities and demonstrates its commitment to unlocking Africa’s innovation potential through the creation of experiences that redefine industries in our constantly evolving digital era.
The new studio, opening in November, will be located at Accenture’s new 3875m² offices in Waterfall. It will be led by Marcel Rossouw, design director and studio lead for Fjord Johannesburg.
Said Rossouw, “Brands are constantly asking, ’how does one take a business need or problem, build that out into a definition of a service experience, and then bring it to market?’ It’s about re-engineering existing service experiences, identifying customer needs, prototyping rapidly, iterating often and proving or disproving assumptions. But it’s also about getting feedback from customers. The combination of these factors helps companies advance towards the ultimate service experience.”
Fjord is the design and innovation consultancy of Accenture Interactive. The Johannesburg location marks its 28th design studio globally, solidifying its position as the world’s leading design powerhouse.
Working in the same location as Accenture Interactive will allow Fjord to fuse its core design strategy DNA with the digital agency’s expertise in marketing, content and commerce to create and deliver the best customer experiences for the world’s leading brands.
Accenture Interactive Africa‘s blend of intelligent design and creative use of technology has already been used by some of South Africa’s largest and most prominent brands, including Alexander Forbes, Discovery, MultiChoice and Nedbank. The digital agency has also earned industry accolades for its innovative and compelling business results, most notably two gold awards in the Service Design category at the 2017 and 2018 Loeries awards.
“Great design tells great stories,” says Wayne Hull, managing director of Accenture Digital and Accenture Interactive lead in Africa. “It unifies a brand, drives innovation and makes the brand or service distinctive and hyper-relevant in both the digital and physical worlds. This is critical to achieving results. Having Fjord Johannesburg as part of Accenture Interactive, and collaborating with all of Accenture Africa, will provide unique experiences and forward-thinking capabilities for our clients.”
“Businesses in South Africa are becoming more design-aware and are looking to take greater advantage of design skills to compete with the rest of the world,” said Thomas Müller, head of Europe, Africa and Latin America at Fjord. “We’re excited to open our first design studio on the continent and to be part of an emerging market that is ripe for design and innovation, and open for business. Developing markets like South Africa are challenging assumptions and norms about what digital services and products are meant to be, and we’ll strive to put design at the heart of the innovation being produced there.”