Welcome to the era of on-demand information and data monetization – where large sets of data must be collected, refined and monetized at lightning-fast speeds. It’s no surprise that data is exploding, and this new era is what keeps IT decision-makers awake at night as they contemplate transitioning to cloud based systems that can harness data through emerging artificial intelligence programs like never before — because time is certainly of the essence.
According to IDC, the industries that will be making the largest investments in big data and business analytics solutions in 2017 are banking, discrete manufacturing, process manufacturing, federal/central government, and professional services. Combined, these five industries will spend $72.4 billion on Big Data and analytics solutions this year. But massive amounts of information are only valuable if they can be put to good use.
In Mary Meeker’s 2017 Internet Trends report, she noted that the amount of data created per year is up 10%, and the growth rate is expected to keep increasing. The increase in data has resulted in more and more data being analyzed in micro-seconds today, and it won’t be very long until most critical data manipulations occur in milliseconds. This revolution in speed is particularly important for two reasons: the value of data sharply increases with size, as it does with the ability to analyze in real time. So, the more information we have, the better we can make positive decisions that impact every facet of our lives.
To spur this transformation in our digital infrastructure, highly advanced computing systems are needed with components that can deliver insights from data instantly. This requires a tremendous eco-system of converged compute, storage and networking systems all working as one, with NAND flash being a key pillar, whose role is underscored by today’s booming memory market.
At Samsung, our team is working hard to drive the pace of NAND innovation and nurture this entire ecosystem. On Monday August 7th, we’ll be hosting our first-ever Samsung Tech Day to discuss new innovations in NAND and precisely how the technology will meet the challenges of a more advanced society dependent on emerging applications like artificial intelligence, IoT among others. In addition, the Samsung keynote at Flash Memory Summit 2017 will feature our efforts to lead today’s metamorphosis in NAND. At these two events, we’ll reveal new advances in performance, capacity, ultra-low latency, easy-to-scale object storage and form factors – all critical considerations in better accommodating real-time information needs. We look forward to seeing you there.
The Samsung keynote at Flash Memory Summit will take place on August 8 starting at 11:40am at the Santa Clara Convention Center.