Now that companies are getting a better handle on extracting value from mountains of customer data for their own business operations and marketing purposes, they are taking the next steps in learning how to capitalize on that very same data as a resalable asset. According to Accenture, “…payment providers have a treasure trove of customer data at their fingertips,” and to monetize that data will require that they take “advantage of distinctive data sets and apply advanced analytics techniques” from multiple sources.
It seems as if the world is living in the kind of “interesting times” promised by the infamous Chinese saying. Take Asia-Pacific for example, where a season of uncommonly powerful and destructive storms, like the monster Typhoon Hato that caused Hong Kong to grind to a halt; and Hurricane Harvey in the United States just a few months ago, have cost countries billions in damages and exacted a sad toll in human lives.
Valued at $103 billion in the U.S., the oil and gas industry is also one of the early adopters of the Internet of Things (IoT). Oil and gas companies combine the IoT, machine learning and the cloud for greater management of remote facilities and tank collection sites so they can act in real-time as safety and regulatory issues arise.
While digital creates new possibilities across all industries, it also poses a big challenge to traditional IT models. The very nature of the distributed, dynamic and virtualized infrastructure required to conduct digital business flies in the face of the centralized, manual, physical IT architecture most enterprises have relied on for years.
Trying to predict how many Internet of Things (IoT) devices will go online over the next decade is like trying to predict the growth rate of rabbits in the wild. It suffices to say that 2017 could be the year in which IoT devices exceed the total human population, based on a Gartner forecast of 8.4 billion IoT connected devices, or one device for each of the 7.5 billion people, plus just under a billion more to spare.
All technology companies focus on the future, but as the interconnection junction between network providers, cloud providers and the enterprise, Equinix has a unique perspective on IT trends and where things are headed. We also work daily to discern where and how our 9,500-plus customers will need to access the interconnection and data center solutions and services we know they’ll need to grow. This all gives us uncommon industry insight and helps inform our annual predictions.
The Index projects that Interconnection Bandwidth capacity will increase at a compound annual growth rate (CAGR) of 46% between 2016 and 2020. That’s higher than both the United States and Europe, and will quadruple APAC’s Interconnection Bandwidth to 1,120 Terabits per second (Tbps) of installed capacity – approaching a quarter (22%) of the global total.
Some say that it’s the most wonderful time of the year. It’s also the most critical time of year for businesses everywhere, as people are primed to pull out their wallets, phones and other devices and start spending. But advertising competition is fierce, and in a digital age, it’s increasingly online.
The digital edge is also where businesses are competing in an expanding global marketplace that is driving a growing digital global economy. For companies to gain value from and monetize all this digital growth, they require direct, secure and scalable Interconnection to people, locations, cloud and data. As the Global Interconnection Index predicts, clouds are the sweet spot when it comes to where companies are focusing their Interconnection growth.
It’s rapidly coming up on “predictions season.” But, before we start looking ahead to 2018, we thought we’d look back at the “7 Bold Predictions for the Connected Enterprise” we made for 2017 to see where these technology trends stand. Here’s what we see today.