Released just a few hours ago, the report claims that "Roughly a quarter-century of digital transformation has gotten us here: to the advent of the Data Age. Electronic data has been crucial since the dawn of the digital era, from dial-up modems and the first ecommerce websites to the explosive growth of cloud services and the initial insights gleaned from big data analytics.
"Over the decades representing the initial era of digital transformation, organisations first adapted to new channels, and then to a data-driven era. We've seen the rise of cloud technology as we learned that all data didn't need to be locked on-premises. We saw the rise of analytics as big data became the rage. Broadband, WiFi and 4G technologies made it easier to move and access data at high speeds and in large quantities."
But of course, the more we grow the ability to consume data, the more data is created to be consumed.
Earlier today, iTWire took a moment to discuss the report with Simon Eid, Group Vice President at Splunk who noted "Our mission is to help organisations realise the value of their data. And more importantly, how do they make data-driven decisions in real-time?"
Eid added, "More than half of Australian business and IT managers expect their data volume to grow by 5.9 times the current volume by 2025 making it the second fastest growth behind Netherlands across the eight markets.
"Organisations in Australia may struggle to capitalise on the value associated with the data growth they expect, as 83% say the introduction of new technologies is a primary challenge to managing and leveraging data.
"There is a lack of understanding of 5G technology in Australia with just over a third of business and IT managers rating their own understanding of 5G as 'expert' or 'high'."
Finally, Eid observed that, "Half of Australian organisations are in the process of developing use cases in Edge Computing that will play a similar role as 5G in enabling faster data transfers, while only 29% of Australian organisations currently have specific use cases in place, and 39% of organisations do not have use cases in development."
The report covers most of the current "hot points" in business IT.