Panzura Pulse Email Newsletter: Data Sprawl Edition
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Navigating the Surge of Unstructured Data Growth in Enterprises
The remarkable surge in data creation is compelling enterprises to devise ingenious strategies for managing the ever-growing volumes of information. This inflow of data originates from a myriad of sources such as factory sensors, consumer devices, and the Internet of Things (IoT). This escalating data deluge has spurred the need for businesses to grapple with data management solutions that accommodate this exponential growth. The proliferation of IoT devices and the emphasis on cloud migration further accentuate the challenge. In response, innovative edge solutions have become pivotal, allowing real-time analysis and processing of data while facilitating seamless data transmission between the edge and core.
Unstructured Data's Untapped Potential 🌐 🔍
Unstructured data, encompassing text, video, audio, web server logs, and more, comprises 80% to 90% of data, offering a colossal untapped resource for those who harness it. A mere 18% of organizations can capitalize on this data, as highlighted by a Deloitte survey. Unlike structured data, unstructured data defies conventional models, posing challenges in interpretation. Nevertheless, it presents a more comprehensive understanding of the bigger picture. Industries like retail and finance have embraced their potential, using analytics to market to customers and predict maintenance needs. As unstructured data's influence grows, its strategic integration promises to shape the future across sectors.
The Evolving Challenge of Ransomware and Unstructured Data
The growing menace of ransomware has brought data protection to the forefront, but this threat is just the tip of the iceberg. While recovery solutions are essential, they should be a last resort. The real focus should be on protection, detection, and recovery. Detecting and protecting against ransomware, data exfiltration, and manipulation are more complex measures, yet they open new avenues for defense. The proliferation of data silos adds to the challenge. Consolidating data in a single domain is crucial for understanding, analyzing usage patterns, and safeguarding against threats. These insights, coupled with machine learning, can detect anomalies and suggest remediations before an attack spirals into a costly recovery. Furthermore, considering regulatory requirements, fines, and internal and external threats, a strategic data management approach encompassing security, governance, compliance, scalability, and extensibility is imperative to stay ahead in the data security game.
Solving Data Sprawl with Software-Defined Storage (SDS) 🖥️
Software-defined storage (SDS) is a transformative storage management technology that effectively combats the challenges of data sprawl. As data continues to increase across various devices and infrastructures, SDS emerges as a solution by decoupling storage functions from hardware. This separation enables seamless hardware upgrades, expansion, and replacements without disrupting operations, effectively countering the proliferation of data silos. SDS consolidates storage into virtual pools, streamlining data placement, and simplifying management. Moreover, its automatic data movement based on data temperature and hardware-independent scalability provide a comprehensive approach to managing the expanding data landscape. Through SDS, organizations can rein in data sprawl, optimize storage resources, and regain control over their data ecosystem.
Managing APIs and Preventing Sprawl 📡 🔗
As the digital transformation wave sweeps industries, the proliferation of applications is leading to a surge in application programming interfaces (APIs), potentially resulting in "API sprawl." This overabundance of APIs can lead to inefficiency, higher costs, and cybersecurity risks. To effectively manage this issue, technology organizations are employing various strategies. These include deploying API security gateways for validation, utilizing observability tools to create API catalogs, putting cybersecurity teams in control of API URLs, and establishing API marketplaces for collaboration and standardization. Furthermore, fostering cross-team communication, implementing API governance strategies, and encouraging a culture of reusability are all pivotal in curbing API sprawl. By adopting these expert-recommended practices, organizations can streamline API management and maximize the benefits of digital transformation.
Data Accuracy and Efficiency with a Single Source of Truth 📊
Data sprawl remains a challenge for organizations, impacting timely and accurate decision-making. According to a recent TechTarget Enterprise Strategy Group survey, only 4% of organizations possess real-time insights into their data. To counter this, the concept of a Single Source of Truth (SSOT) in data management emerges as a pivotal solution. An SSOT ensures a solitary, definitive data source for specific information, reducing errors, inconsistencies, and misunderstandings arising from multiple data versions. Examples include centralized databases, master data management systems, and data warehouses. An SSOT approach can yield improved data accuracy, enhanced integration, heightened security, and increased efficiency. Data quality, integration, governance, and resistance to change must be addressed. Organizations embracing SSOT reap benefits like trustworthy data for decision-making, ultimately propelling better outcomes.
Panzura Makes Inc. 5000 Fastest Growing Companies list for 2023
Panzura has achieved the prestigious rank of No. 2075 on the 2023 Inc. 5000 list of fastest-growing private companies in America. With an impressive three-year revenue growth of 271 percent, Panzura's inclusion in this list reflects its market leadership in protecting and managing enterprise data. Panzura's CEO, Jill Stelfox, emphasized the company's ability to address critical data management challenges within a hybrid, multi-cloud environment, providing organizations with data visibility, security, and control.
The Power of Data Visibility: A Digital Superpower for Modern Businesses
Data visibility, akin to the desire for X-ray vision, has become a digital superpower for businesses, enabling them to monitor, analyze, and access data across multiple sources. Companies with solid data visibility are gaining a competitive edge through AI-powered analysis. This visibility enhances data security, resource planning, and cost analysis. Panzura’s CloudFS and Data Services offer solutions for achieving comprehensive data visibility and streamlining data management.
❤️ Feel the Industry Pulse: Your Heartbeat on the Latest Trends 📰
1.5 Million Impacted by Ransomware Attack at Canadian Dental Service
Alberta Dental Service Corporation revealed a ransomware attack last month compromised the personal information of approximately 1.47 million individuals, including those enrolled in Alberta Government’s Dental Assistance for Seniors Plan and Low-Income Health Benefits Plans. The breach was discovered on July 9, but the extent of the breach became clear two weeks later.
Dig Security Report Finds Significant Cloud Data Security Risks
Dig Security, a cloud data security leader, has released its inaugural "State of Cloud Data Security 2023 Report," revealing that over 30% of cloud data assets contain sensitive information. The analysis of more than 13 billion files stored in public cloud environments uncovers issues such as data exposure, overpermissioning, and risky application access.
