The amount of information produced, consumed and stored by companies is constantly growing. By Gartner's estimate, data volumes increase 59 percent annually. For companies, that means there's more than half as much information deal with each year, and many are unprepared to do so, according to the firm's latest report.
A lot goes into data management, and companies need to be prepared to handle each area. That will be increasingly difficult with traditional methods, Gartner argued.
"Today's information management disciplines and technologies are simply not up to the task of handling all these dynamics," Mark Beyer, research vice president at Gartner, said.
Of course, data security remains one of the most important aspects of any information management system. Companies need to ensure their critical data remains protected and out of the hands of cyber criminals and other malicious outsiders.
According to a recent Information Management report on the research, companies now must find ways to gain value from big data stores, and Gartner identified considerations for doing so.
The first is volume. Especially with security, companies must recognize the sheer volume of information they are dealing with. Knowing how much data is stored will allow an organization to better deploy tools with the correct capabilities.
Next is variety. Companies today produce all kinds of data, from consumer information to BI analysis and supply chain collaboration. It's imperative that all kinds of data remain protected.
Finally, there's speed. Velocity for data management pertains to the rate at which data is produced and how fast it must be processed to meet demand, according to Gartner.
“This is kind of the first time in industry history we’re seeing this, where the interest in business and the technologies are maturing at the same time in big data,” Yvonne Genovese, vice president and distinguished analyst at Gartner, said.