Data management has become an integral part of doing business in the digital era. And according to recent trends in the industry, it appears to be poised on yet another revolution in the form of data fabric technology.
Defined as an accumulation of data assembled from disparate sources, data fabric makes use of specialized software to analyze vast amounts of data in a holistic, big-picture manner. By organically synthesizing data from a variety of sources, data fabric technology avoids the time-consuming process of manually moving and copying data, providing instant, frictionless insights to enterprises. Although this technology is still in its infancy, it may represent an unknown with the potential to upend the data management playing field.
Outside of the rise of data fabric, the data management world looks much the same as it did in the pre-pandemic world—that is to say, booming. Already explosive growth in hybrid cloud and multi-cloud architecture only accelerated in 2020, according to research conducted by Flexera, with nearly 90% of enterprises making at least some use of public and private cloud storage services. Similarly, blockchain and distributed ledger technologies are being leveraged to improve the security of data storage and tracking in worldwide industries.
By this point in 2021, any company making use of a platform without blockchain and current machine learning technologies is behind the times, and it may not be long before data fabric occupies a similar space in the world of data management.