Five key shifts that are converging in today’s data era

Five key shifts that are converging in today’s data era

By Samer Saber

KUWAIT: Digital Transformation is a key pillar for Kuwait as it adopts digital technologies to escalate its services, drives the economy and improves quality of life, while increasing operational efficiency and performance of key sectors. Kuwait’s ICT sector is estimated to be one of the emerging markets of the future. Global Data valued the global ICT market in Kuwait at $20.61 billion in 2021 and predicts it to grow at a CAGR of 8.2 percent. In 2026, it is expected to touch $30.58 billion.

Data is an essential element of digital transformation process and can be used to create benchmarks and baselines for the journey to transformation, it is the foundation of an intelligent business. But data, data consumers and the business expectations of data have changed. These shifting realities call for a higher level of data maturity and the right technologies to achieve better outcomes and digitally differentiate. As every organization races to transform, there are five key shifts that are converging in today’s data era:

1. Exponential growth of structured and unstructured data

Fueled by an abundance of smart devices and IoT sensors, worldwide data creation has been soaring for more than a decade. A study from IDC cites