In 2016, a multitude of companies - banks in particular - began to test blockchain in lab environments, yet few are using it in practice. One of the roadblocks is agreeing on a common protocol, which has yet to take place. The other roadblock, of course, stems from a lack of proven security practices, especially for financial organisations.
We predict that in 2017, blockchain will gain steam as a buzzword and much more research will go into the technology and its functionality, although it's unlikely there will be any effective new capabilities able to be readily implemented. However, 2018 will prove to be much more action-packed in terms of companies figuring out how to take advantage of data ledger technology to solve their data management issues.
4. Bagging your IT Pick 'n' Mix
There's no doubt that hybrid IT is the reality for the majority of organisations today and in the foreseeable future. And not only that, the centre of technology itself is becoming increasingly hybrid. IT professionals must start thinking about management in a hybrid context. But what does it actually look like in practice?
According to our IT Trends Report 2016: The Hybrid IT Evolution, which surveyed 100 respondents from Singapore, 92% of the IT professionals surveyed say adopting cloud technologies is important to their organisations' long-term business success.
In 2017, IT and business leaders will decide on specific solutions as they implement hybrid IT. For example, they may choose to use Office 365 and Skype for Business while hosting the identity management solution, Active Directory Federated Services, on-premises. Alternatively, the cloud has proven to be the best platform for virtual desktop infrastructure (VDI), delivering organisations the required flexibility and elasticity to provision and de-provision virtual desktops in bulk. By migrating this workload to the cloud, an organisation is able to relieve its IT professionals of the need to manage that infrastructure directly and refocus efforts on other on-premises projects.
Over the next several years, IT departments must exercise their growing responsibility to act as a technology liaison for business management by staying informed and making smart decisions when it comes to cloud, even if the decision is to do nothing in the near future because there is no immediate need for change. The key is to build a hybrid IT roadmap that integrates cloud adoption based on a per-workload and per-application basis to achieve a more agile, available, scalable, and efficient data centre.
5. Affording to lose with data breaches
Data breaches are not a new phenomenon, and the topic will again be top of mind in 2017. Over the last year we have seen many stories of data breaches. In fact, just this past month, it was announced that in 2014, Yahoo! fell victim to the biggest data breach in history, losing nearly 500 million accounts' worth of personal user data to attackers. This trend shows no sign of slowing down.
Sign up for CIO Asia eNewsletters.