What do you think about keeping CIOs up at night these days?
CIOs tell me they work with a lot of constraints – everyone is being asked to do more with less. They must innovate within constraints. Successful CEOs know that this is not a bad thing. In fact, a restricted environment is often a source of innovation because it helps drive creative solutions. IT departments should not be overlooked when it comes to finding solutions that increase business value.
Give an example when a creative solution emerged out of bounds.
Seagate’s Storage as a Service platform is state of the art. Seagate Technology is a global leader in big data storage. Our internal data storage dilemma forced us to come up with an innovative solution. It started with a data problem. Like many organizations, we’ve migrated a lot of our data to the public cloud. Then we continued to face challenges because of the way the public cloud is designed. We wanted to be able to do more with our data without having to spend a lot of money on exit fees and API fees. But data-related costs are starting to rise.
High data costs are not a CIO’s friend.
That’s right – and we wanted to have complete control over our data platform. Seagate’s high-capacity drives power the storage provided by the public cloud, all at a very favorable total cost of ownership. So we decided to build our own cloud services platform for our own data. While building it, I kept hearing from CIOs the exact same pain points. At times, they felt as if their company’s data wasn’t really their own. They wanted simple and predictable cloud economies. They did not want to receive sudden bills as their company expanded. So they became curious. Some of them asked me, “How can we benefit from your innovations and experiences for our organization?” That’s when we decided to make our Storage as a Service solution always-on, lying cloud, available to other companies close to where their data is generated, at the edge of the network.
We launched Lyve Cloud last year. Soon, we announced Deal with Zoom To provide its clients with the option to save their meetings on our platform.
What does easy access to data mean for companies?
It directly translates to being able to use this data, which in turn enhances business value – profits, customer retention, brand reputation, etc. This means that data is always available and ready to use when you need it without having to wait hours for that data to run. You mentioned that Lyve Cloud is available near where the business data is generated. Sometimes proximity to data is important for compliance reasons, when data governance, protection, and privacy are of paramount importance. This is the case, for example, in Europe, due to the General Data Protection Regulation (GDPR) legislation.
Business leaders sometimes underestimate the role that IT organizations play when it comes to strategically harnessing the wealth of data that belongs to their companies. Data is power. We used to be limited by computing power and storage capacity. Now we are only limited by our imagination. You never know what new trading insights tomorrow’s algorithms will find in yesterday’s data. Access to data is the currency of today’s business, thanks to solutions such as the data-centric cloud.
What is a data-centric cloud?
When CIOs and business leaders used to think about the cloud, they didn’t think about where it is. They sent the data over wires and it was stored somewhere. This is not the case now. Companies want to know where the cloud is.
Is it close to the data sources? Does it meet compliance requirements? Do we know the cost of storing and accessing data? Can we take our data with us?
A data-centric cloud addresses these concerns, providing a clear view of where data is and how it meets compliance, as well as a field of view in total cost of ownership (TCO) and complete freedom of data transmission.
Two main features of Data-centric cloud It is the proximity of storage to data sources and interconnection across switching stations. Proximity, eat it with edge storage, reduces latency and ensures compliance, and interconnectivity enables an easy way to link data to an account. Both convergence and correlation allow data to be energized.
And as such, out of limitations, innovation arises.