Big data is a crucial tool for any business looking to gain insight into the behavior of its customers, the effectiveness of its marketing campaigns and the performance of its employees. That is why it is so important to leverage database management services that ensure the protection, efficiency and power of a company's data. Few things can be more detrimental to business operations than a technical failure that leaves customers and workers unable to access the resources they need, and making database quality a priority is the best way that IT leaders can minimize the chance of these losses. This is not to say that businesses should only be working to maintain the capabilities of their storage solutions. They should also be actively pursuing new ways to optimize their systems to enrich their big data strategies.
In the world of IT, database efficiency has become more crucial year after year as organizations seek to store, track and analyze massive streams of information to better their operations. Countless options exist for decision-makers who need to address their data concerns with a comprehensive solution, but at the forefront of the industry is Oracle, whose recent release of Database 12c is allowing IT departments to make storage and related applications easier to use and faster than ever. The University of Minnesota is one of many organizations benefiting from the high-performance and intuitive user interface of these solutions, as highlighted in a recent article from Forbes.
With more cloud computing options available now than ever before, more companies are allowing their employees to work from home, on the road or at the office with their own personal technology. While IT security concerns surrounding the use of mobile devices have been a hotly discussed topic, the protection of laptop data has not received as much attention due to the assumption that portable computers share the same defenses as their desktop counterparts. In reality, however, personal laptops still represent a major vulnerability to companies that offer bring-your-own-device (BYOD) policies and should be a top priority for IT leaders as they strategize the best approaches for network security.
With large-scale data breaches occurring more frequently each year, business leaders are beginning to realize that the latest advancements in cyber security might not be enough to protect them from hackers. The Target attack of late 2013 served as a leading example of the current state of affairs with regard to network security, forcing IT professionals and executives around the world to reassess the way that they look at their protection measures. Despite more money being pumped into cybersecurity daily, major retailers and banks are still not safe from the advancements made by attackers in recent years.
Management leaders already have a lot to handle between employee and client relationships, marketing and advertising efforts and optimizing internal business processes. IT security concerns used to rank low on the list of decision-makers' priorities, but they are getting more time in the spotlight due to recent developments involving the heavily-publicized data breaches of retail companies Target and Neiman Marcus at the end of 2013. This heightened focus on cyber security has been reflected in increasing IT budgets and the prioritization of network protection best practices in recent years.
With cyberattacks increasing in frequency and severity, businesses are operating in constant fear of a data breach or loss of information due to malicious software. Crime rings are now turning to the Internet to steal customer credit card numbers and vital company secrets that can cause lasting damage to reputations while shattering consumer confidence. IT security concerns have also expanded to include national defense as foreign governments try to target nations' financial networks, transportation infrastructure and crucial federal records.
2013 was a rough year for IT security, as high-profile data breaches frightened firms worldwide. With cybercriminals honing their craft and taking advantage of a growing reliance on cloud computing technologies, business leaders are more concerned than ever when it comes to protecting vital company information. The stakes of a breach are already high with the risk of losing financial data or company secrets, but making information such as client credit cards vulnerable is a sure way to permanently damage the reputation of an organization. To defend themselves against cyberattacks, companies are reassessing their security measures and investing in a variety of IT resources.
With high-profile data breaches occurring with alarming frequency, companies are looking for security solutions and paying top dollar to ensure their data is safe. This means that IT budgets are expanding, along with a cyber security market that is seeing more growth than ever. According to a recent article from VentureBeat, companies can no longer afford to take shortcuts with regard to their IT security concerns. Cyber threats are becoming more dangerous every year and businesses need to prepare for the worst if they want to keep their data safe from harm.
In 2013, big data initiatives acquired a lot of attention, though not all of it was in a positive light. Many organizations that were unfamiliar with the landscape were misled by false perceptions about the business intelligence, data warehousing and general management strategies that are required to make the most of big data. If businesses want to succeed with these programs in 2014, decision-makers will need to be careful to avoid the myths that plagued companies last year.
Regardless of industry or specialty, businesses will always need a way to store company and customer data. As more decision-makers are opting to implement storage services rather than investing in traditional on-site server solutions, distinct markets are emerging that did not exist not too long ago. Database experts, for example, are becoming more important to the success of IT solutions across sectors. This means they are being given more responsibility to make sure that networks are properly integrated and remain functioning at a high level of productivity.
For many consumers, the 2013 holiday season was darkened by a high-profile data breach that hit Minnesota-based retail giant Target. According to The Huffington Post, the company's December 19th announcement revealing that 40 million customers' information had been stolen was not accurate. The corporation has since revised its statement to account for an additional 30 million customers, bringing the total number of people with exposed data up to 70 million. Besides payment card numbers, Target customers had personal information such as home and email addresses, phone numbers and names stolen by cyber attackers who have yet to be identified by authorities.
The space and power needed to implement and maintain a high-tech data center can be a strain on any business with a tight budget. A significant portion of these budgets are already dedicated to the upkeep of older technology that needs to be looked after by specialized professionals and updated constantly to keep IT security concerns at bay. In addition, companies are always looking for more square footage to expand their physical presence and boost the effectiveness of cloud storage solutions.
Bring-your-own-device policies are becoming more common as companies realize the importance of remote database access and mobile business applications. With more employees utilizing smartphone and tablet platforms, the IT market is shifting its focus to providing mobile solutions optimized to work with company networks and security measures. BYOD can deliver many benefits for both businesses and employees, but what should companies do to make sure they are maximizing the efficiency and safety of their remote access practices?
IT security concerns regarding the use of mobile platforms to access sensitive company information are being prioritized by companies around the world. Human Resources Journal recently explored a Cisco study revealing that 95 percent of executives in a 600-business survey allow workers to access company data and use business applications on their smartphones, tablets and laptops. Despite the vast majority of organizations adopting BYOD policies, network security has encountered difficulties in trying to keep up with the mobile revolution.
IT departments are given the unique challenge of anticipating infrastructure problems and network security issues before they occur. While many decision-makers choose to implement industry standard "best-practice" solutions to address IT security concerns, many businesses remain oblivious to the importance of real-time security assessments to uncover weak links in company networks and information databases.
Companies tend to overlook the fact that stolen data and other vital information can be the result of malicious behavior on the part of their own employees. These IT security concerns may be a rude awakening to businesses that keep loose network policies for workers' convenience, but the reality is that businesses can never be too careful in their efforts to protect sensitive data. Even if an employee seems trustworthy during his or her time at an organization, allegiances can quickly shift when a new, more lucrative opportunity arises.
There is no denying the great potential that cloud services represents for financial institutions. Banks and other service-based companies constantly handle heavy flows of data. Many smaller organizations are under pressure to meet growing expectations to efficiently store and utilize relevant information. Cloud solutions are easy to use, cheap to maintain and can be quickly implemented by database administration experts. With this in mind, what is keeping so many finance firms from embracing the trend that is changing the face of the enterprise IT industry?
As the enterprise software industry moves away from traditional methods of storage, cloud solutions have revolutionized the way that companies approach database administration. IT giant Oracle continues to post impressive numbers as market demand for cloud storage and applications increases. The corporation's second quarter revenue of $9.28 outpaced analysts' predictions of $9.18 billion, climbing 2 percent from the previous quarter, according to Bloomberg.
Database quality is no longer a concern exclusive to private enterprise. Any industry requiring efficient data storage and accessibility can benefit from database management services, and health care is the latest to hop on the IT bandwagon. A recent article from Information Week explored a Markets and Markets report predicting that the North American health IT (HIT) market will reach a total value of $31.3 billion in 2017, rising from $21.9 billion in 2012. This equates to a 7.4 percent annual compounded growth rate, three quarters of which is driven by U.S. HIT revenue.
Cloud storage solutions take many forms, and business can be easily overwhelmed by the variety of options available. Times have changed since companies were only able to store their data using on-site servers and private networks. Advancements in Storage-as-a-Service and Infrastructure-as-a-Service solutions have lightened the burden of heavy data storage and saved companies up the schedules of many in-house IT professionals.
While cloud solutions were originally reserved for private enterprise implementations, more businesses are utilizing public and hybrid cloud models to suit their database needs. Maintaining exclusively private cloud deployments is no longer a viable option. This gradual shift from private to public cloud options is gaining steam as 2014 rolls along, according to a recent report from InfoWorld.