The Key Trends in Information Management for 2020
The world of information management is constantly evolving and the year 2020 will see the emergence of key trends that will shape the industry. As the amount of data continues to grow rapidly and the complexity of technology continues to evolve, information management will need to adapt to these changes. In this article, we’ll cover the top trends to keep an eye on for the upcoming year.
Cloud Computing
Cloud computing has been a game-changer for businesses over the past few years, and it continues to evolve in 2020. Cloud-based systems provide scalability, flexibility, and cost-effective solutions to manage data. Many businesses are now shifting towards cloud-based models to store and manage data. According to Gartner, the public cloud market is expected to grow by 17% in 2020. This trend is expected to continue as businesses recognize the benefits of cloud-based systems.
Artificial Intelligence and Machine Learning
Another significant trend in the information management industry in 2020 is the integration of AI and machine learning. Machine learning algorithms can help businesses analyze large data sets, detect patterns, and make predictions. This technology also has the potential to improve data quality and reduce errors by automating routine tasks. As AI and machine learning continue to evolve, businesses that are quick to adopt these technologies will have a competitive advantage.
Data Privacy and Cybersecurity
Data privacy and cybersecurity will also be at the forefront of information management trends in 2020. With the increasing sophistication of cyberattacks, businesses need to take proactive measures to protect their data. The General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) are just two examples of privacy regulations that are putting more pressure on organizations to take data privacy seriously. Businesses that prioritize data privacy and invest in cybersecurity measures will be better positioned to maintain customer trust and protect their reputation.
Data Governance
Data governance refers to the management of data throughout its lifecycle. This includes the policies, procedures, and technology that organizations use to manage data. Data governance is important for ensuring data quality, accuracy, and security. In 2020, businesses will be focusing on creating a data governance framework that is flexible and scalable to handle the increasing volume and complexity of data.
The Internet of Things (IoT)
The Internet of Things (IoT) is also expected to be a significant trend in 2020. Connected devices are generating vast amounts of data, providing valuable insights for businesses. By leveraging IoT data, businesses can optimize processes, improve customer service, and create new revenue streams. However, it is important to note that the increasing use of IoT devices also brings new security risks that need to be addressed.
In conclusion, 2020 will see many exciting changes in the world of information management. The top trends to watch out for include cloud computing, artificial intelligence and machine learning, data privacy and cybersecurity, data governance, and the internet of things. By staying on top of these trends, businesses can optimize their information management strategies and gain a competitive advantage.
