For years, the growth of data and its importance to organisations has been a key story every CIO or leadership executive has had to grapple with. Analytics, AI, IoT, Containerisation, Edge Computing, VR/AR and Blockchain were all listed in the top 10 IT priorities for CIOs in 2020. A common denominator between these is that they are intensely data-driven. Gartner research shows companies now understand the importance of data, with nearly 80 per cent of executives agreeing their companies will lose competitive advantage if they do not effectively utilise data in 2020.
Yet while data use and management is a priority, the scale of data in play makes it even more challenging and complex to achieve full efficiency. IDC research shows that by 2023, digital transformation will grow to represent 50 per cent of all ICT investment, and the largest growth will be in data.
With a large component of digital transformation being centred on developing new cloud capacity, and with advanced applications in the cloud being driven by data, it is not surprising that Veeam – a cloud data management specialist – has experienced immense growth. IDC reports that Veeam now counts over 365,000 customers, and generates $US1 billion in software-only revenue. This is direct a result of Veeam being able to effectively interpret and respond to the needs of the market.
Data security is more of a concern for organisations than ever before. For example; Forbes reports the average cost of a data breach will exceed $US150 million by 2020, and there has been a four-fold increase in the costs of cyber-crime since 2015.
As Forbes contributor, Betsy Atkins, reports: “A recent Gartner report says detection and response plans should be the top security priority for organisations. Prevention is no longer the primary focus of a cyber-security program; it’s a matter of quickly detecting breaches and having a plan in place to respond and mitigate.”
This pressing need to focus on “a plan to respond and mitigate” moves much of the conversation around data security, at the board level, towards how their backups are being managed, and Veeam has been evolving its solutions to better meet the needs of CIOs when answering those board-level questions.
Building new-decade solutions into data backups
To help CIOs manage their data priorities in 2020, and provide their company directors with the peace of mind that the environment is protected and secure, Veeam is introducing new capabilities within their latest update – Veeam Availability Suite v10, which has been developed to deliver:
- Better Backup. Stronger. Faster. Smarter.
Known as an industry leader in backup, Veeam has been in the Gartner ‘Leader’ quadrant for data centre backup and recovery solutions for the past three years. The new Veeam Availability Suite v10 release brings 150 new innovations and enhanced features to the existing suite. These key features include:
- Enhanced NAS Backup, which delivers faster incremental backups on commodity hardware, and the flexibility to store unstructured NAS data on cheaper storage, or alternatively tier to the cloud.
- Enhanced Instant VM Recovery, which delivers recovery times by up to five times.
- Ransomware Protection with Veeam Cloud Tier, which protects organisations by making backup copies immutable.
- Scale-out Backup Repository, which allows for the duplication of backups to object storage as soon as they are created, providing for fast redundancy.
- Data Integration API, which allows the organisation to connect the data management ecosystem to third party applications and scripts. This allows for far more efficient data mining and security analysis.
In addition to enabling better analytics, data monitoring, and cloud operations, a good backup and recovery solution needs to become integral to security and governance posture of a company. Many of the new and enhanced features within Veeam Availability Suite have been designed to help test and maintain security, compliance, and privacy of the strictest risk profiles and guidelines.
Data empowers organisations to better understand their customers, interact with them in complex and rich ways, and drive more efficient business practices. In line with that, the cost of data breach is escalating, and is now a potential business-ending event. Having a robust backup and recovery strategy is essential to the health and risk management of the company, and Veeam Availability Suite V10 delivers a solution that will help organisations drive into 2020 and beyond.
Click here to find out more about Veeam Availability Suite v10.