'ADAPTING OR OBSOLETE: THE RAPID EVOLUTION OF TECH IN BUSINESS'

In a conversation with Sanjay Agrawal, Head of Presales and CTO at Hitachi Vantara, we delve into how technology has transformed businesses, strategies for data monetization, the role of technology in sustainability, practical applications of Al, and the rise of Edge computing in India and SAARC.

- Minu Sirsalewala

In today’s digital era, businesses are compelled to stay at the forefront of technological innovation to remain competitive. The rapid evolution of the tech industry, exemplified by staggering statistics such as the projected US$623.3 billion global cloud computing market and the expected 463 exabytes of daily data creation by 2025, underscores the urgency for adaptation and thriving. Excerpts from the interview…

With over 30 years of experience in the industry, how have you witnessed the landscape of technology and data management evolve over the years? What emerging trends do you believe will have the most significant impact on businesses in the coming years?

Over the past few decades, the IT industry has undergone a remarkable transformation. Today, IT isn’t merely a business enabler; it’s a business accelerator. We’ve shifted from monolithic applications to microservices, which has brought about increased agility and minimized application and business downtime. The focus has shifted from data management to data modernization and eventual monetization.

Digital transformation is set to accelerate further with the adoption of Artificial Intelligence (AI) and Machine Learning (ML) following the initial advances in technologies like Social, Mobility, Analytics, Cloud, and IoT (SMACi). Unstructured data, generated by both machines and humans, has gained significance, providing businesses with deeper insights into their customers.