Based on the growing need for storage in the IT industry, Scott-Murphy said the advent of IoE hadn't caught anybody by surprise. "Wholesale bandwidth costs halve about every nine months, but storage costs by volume halve about every 14 months," he said. "One could argue that the recent explosion of connected devices is driving incredible storage demand, perhaps beyond the storage industry's ability to supply."
NetApp A/NZ Big Data consulting systems engineer, Walter Schroeder, warns much of the storage industry has shown a tendency to be too heavily focused on meeting the data demands of today. This can result in the industry being occupied with generic IT concerns, such as databases, email, backup and archive. "Not to mention the 80 per cent of time used to manage their environments, rather than looking to the future and game-changing trends such as IoE," Schroeder said.
He instead advocates a mindset around "what's next?", whether it be Big Data, hybrid Cloud or flash. The opportunities from IoE fall within the "what's next" approach. "It's about offering new ways to enable the ingestion and archival of volumes of data in multiple streams," Schroeder said.
Bigger, better, more
IoE stands out for its potential for further insight from large volumes of data, though it does not come without its own learning curve. SolarWinds head geek, Don Jacob, said one challenge is related to the planning and execution of an IoE strategy. "The challenge for businesses is to not get caught up in the marketing or vendor hype," he said.
To realise the benefits of IoE, Schroeder said businesses need to overcome the substantial security, data, and network implications. Factors such as inter-communication and bandwidth demand also need to be dealt with. "The security of personal data needs to ensured, and there needs to be a standard option or protocol that will allow different type of devices to communicate with one another without hitches," Schroeder said.
Symantec Pacific region information management technology strategist, Dale Heath, identifies information management as the main pitfall with IoE. "With such huge amounts of data being generated, the businesses that will benefit most from this technology are those that can manage data securely and effectively," he said. "It also means ensuring companies have the right data governance policies and data protection strategies in place to protect information."
While IoE promises many things, Flexera Software Asia-Pacific VP, Tom Canning, said businesses are facing challenges around agility, costs and margins. The same situation extends to vendors that may be using traditional approaches to a new environment such as IoE. "Whilst most understand the value in 'going intelligent,' the majority aren't monetising the applications they build for their hardware, thereby leaving money on the table," he said.
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