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Every Buzzword Was Born of Data

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Many of today’s hottest technologies come at us as buzzwords.

Artificial intelligence (AI). Machine learning (ML). Edge computing. Internet of Things (IoT). These and many other innovations promise business advancements. Business leaders have an idea what these technologies can offer—but not always why and how to deploy them to deliver maximum return on investment. This, coupled with the meteoric rise of software companies that often star in media articles, means the power of data is still underestimated. We don’t think enough about data.

In reality, data fuels all modern technologies. It’s behind every fashionable trend, solution, and buzzword. Without data, there are few insights and innovations. Without data, there is little profit to be made.

An Overlooked Currency

Some estimates project that individuals create 1.7 megabytes of data every second . The amount of data that proceeds from enterprise businesses is much greater, and—thanks to technologies such as AI, ML, IoT, and edge computing—it’s exploding.

According to Rethink Data, a report commissioned by Seagate and conducted by the research firm IDC, in 2021 alone, the volume of enterprise data grew at an average annual rate of 42%. IDC expects the amount of data around the globe to reach 179 zettabytes by 2025.

Seagate Technology

When smartly deployed, data can be a game-changing business currency—in some cases literally, given the rise of cryptocurrencies and blockchains. As Google’s Director of Research Peter Norvig famously sums it up, “We don’t have better algorithms. We just have more data.” And yet, as the enabler of business value, data is too often overlooked.

For enterprises, the ability to easily migrate data between companies’ on-premises and cloud environments is more important than ever. However, without a savvy data strategy, massive amounts of data go unused‚ representing wasted business opportunities. In fact, 68% of data available to enterprises goes unleveraged.

Partial Data Means Partial Solutions

Does it matter that more than two thirds of enterprise data is going unused?

While it’s difficult to put a dollar amount on it, a lack of a data strategy can be detrimental to any business. Take customer-facing interactions for example. Every piece of data is an insight into customers, their preferences, and their needs. If you were to lose two thirds of the data for a specific customer, you’d only have part of their story. As such, you’d only be able to deliver part of the solution they need.

Seagate Technology

Ultimately, properly stored and managed data can help deliver optimal customer service. It can get autonomous cars on the road quicker. It can help factories become more productive. And it can help to cut costs. That’s why data monetization should be front and center for any C-suite.

From Buzzwords to Data Investment

Hard drive storage capacity has improved 20,000 times in the past 50 years, outpacing other technological innovations. The right data storage, both in flight and at rest, can help businesses take advantage of the capital that’s found in data.

Next time you as a business leader find yourself using the latest buzzword, take the time to reflect. Think about the trend and technology that’s behind it—the data that powers it. Make a decision to invest in that data. Give that data a purpose. It will pay you in insights and business value over many years to come.

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Original Article: cio.com

Finance

Ford, ADT App to Signal Vehicle Owners of Break-ins

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DETROIT, Michigan: Ford Motor Co. and ADT, through a new joint venture called Canopy, are introducing two new vehicle security packages, with the first being for truck and van owners who use their vehicles for business, and the second for SUV and car owners.

The antitheft technology will first enter the market early next year as an accessory sold through Ford, Amazon.com, big box stores and other retailers. It

Original Article: bignewsnetwork.com

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Finance

Biden: Federal Reserve Should ‘Recalibrate’ Policy As Prices Rise

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WASHINGTON – U.S. President Joe Biden on Wednesday said it was appropriate for the Federal Reserve to recalibrate the support it provides to the U.S. economy, in light of fast-rising prices and the strength of recovery.

‘Given the strength of our economy and recent price increases, it’s appropriate, as … Fed Chairman [Jerome] Powell has indicated, to recalibrate the support that is now necessary,’ Biden told a

Source: bignewsnetwork.com

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Finance

Sinema, Manchin Prove There’s Still a Long Way to Go

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The Black community owes a debt of gratitude to United States Senators Kyrsten Sinema and Joe Manchin. The dynamic duo have managed, by supporting the filibuster and crippling two major voting rights bills, to remind any of us who had any doubts or historic contextual misunderstandings that Martin Luther King Jr. Day is a day …

Original Source: azcapitoltimes.com

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