For organisations wanting to keep up with the demands of today’s business landscape, having a cloud-first approach is not a matter of if but when. Consumers are now becoming increasingly dependent on transactions over the internet and the pandemic has just highlighted the need for companies to progress in the digital world.
In an interview with DSA, Chris Jackson, Cloud Leader, South Asia & Korea, Teradata, said that the world has become much more virtual and digital and that everybody has to address these forces to realise business continuity. In addition, this also means more data to manage and get valuable insights from.
“We see right now that the volume of data that's available is growing exponentially every day and much of that new data is being created in the cloud itself and by other software applications. It's going to create a ton of additional data coming into the internet and that data can be correlated with the data that's already known by the organisation”, explained Chris.
He called this the “data gravity”. No matter where that data comes from, whether internally or externally, organisations moving their data sets to the cloud must need analytics to go with it. In transitioning to the cloud, however, Chris said that organisations need to begin to think through exactly what they intend to get out of it.
For example, Chris mentioned that most organisations are looking to leverage new data types and new sources of data that can they get insights from and that also comes with new types of analytics. Chris added that what organisations are really looking for is correlating such analytics with business outcomes.
“You're not shifting from technology for technology's sake. You're shifting because not only do you want to resolve the technical debt that you build up over time but that you're actually able to take advantage of the new things to solve old and new problems”, added Chris.
According to him, this mindset will enable organisations to generate new business outcomes that move and propel their businesses forward so that they can accomplish more.
As for organisations still hesitating to have a cloud-first approach, those that are not ready for the cloud or perhaps suffering from regulatory restrictions that prevent them from moving, Chris believes that they should take a step to build cloud-like systems.
This may include running IT infrastructure through a private cloud or utilising Software-as-a-Service applications bit by bit. Chris’ advice is that for organisations that want to get on the cloud and garner its many benefits, they need to think about having a roadmap for it and take stepping-stones.
“From our standpoint, our customers, no matter where they are in that cycle, whether they want to be hyperscaler in the cloud or whether they're going to be a conservative organisation, we help them do that with a very methodical approach”, Chris said.
With Teradata, Chris said what they are focused on is the value generated from queries, in which organisations use data and answer questions that have the potential to create new value. This may include questions like how customers behave, how they are changing, what they are doing, what predictions can be made, how to forecast needs and how to manage a supply chain disruption.
“We apply techniques like machine learning and the other things that you'll see in statistics and AI. We integrate data with the rest of your knowledge of what customers are doing and we can use that to drive these new algorithms that allow us to make valuable predictions”, added Chris.
For him, making such data and insights accessible to the whole organisation is incredibly powerful, and Teradata can help customers do more with their data. Teradata believes leveraging data and finding value in it can help organisations make a difference in the world.