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Data: The digital economy’s most valuable resources

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Data are pieces of information that have been transformed into a format that can be easily moved about or processed by computers. In terms of today’s computers and transmission devices, data is information that has been translated into binary digital form. Data may be referred to as a solo or plural subject. Raw data is a word used to describe information in its simplest digital form.

Computers store information such as text, audio, video, and image data as binary values, which are just two-digit patterns: 1 and 0. The smallest unit of data is a bit, which can only hold one value. There are eight binary digits in a byte. Storage and RAM are measured in megabytes and gigabytes.

The exponential growth of data quantities has made it difficult for storage technology to keep up. The storage business is currently confronting four major obstacles. First, there aren’t enough workload solutions for new applications like High-Performance Data Analytics (HPDA) apps, Big Data, Distributed Databases, and AI. In order to increase production efficiency and user experience, data service acceleration will necessitate faster and real-time data analysis and processing. Third, stronger data protection regulations will be required to prevent the growing number of data breaches that have the potential to result in significant financial damage. Finally, to improve energy efficiency, data storage will require creative green solutions.

The economy has undergone a digital transformation that has led to the creation of new business models, products and services, and operational procedures. This digital economy is growing swiftly and is expected to continue doing so for some time.

However, the risk posed by cybersecurity increases along with the growth of the digital economy. Because they are strong on security and invest a lot of time and effort in creating products that go through a very rigorous security procedure, Huawei steps in at this point.

Arnie Alvarez, CTO & IT Director, Enterprise Business, Huawei Technology, underlined what the company is doing and offering during his keynote speech at the VST ECS CXO Innovation Summit 2022 held last November 22-25, 2022 at Shangri-La Resort, Boracay.

The summit is a gathering of tech companies and IT leaders designed to aid in navigating the future of digital business. It serves as a forum for tech providers and important IT decision-makers to exchange knowledge about market trends, technological advancements, and other topics.

Jimmy Go, President and CEO of VST ECS, founded the CXO Innovation Summit with the goal of assisting organizations in benefiting from technological advances through the sharing of insights, best practices, and industry trends.

The summit also covered the significance of data security and the current rise in ransomware attacks against businesses. Ransomware assaults have increased dramatically in recent years, and the damage they cause is expanding to a wide range of industries, including the electricity industry, which relies heavily on data. Organizations experience system outage, financial losses, and significant security mishaps after an attack.

In order to prevent unwanted access to data and underlying storage systems, an efficient storage security approach is crucial. Making sure authorized users have the access they require for their duties is also crucial.

Huawei’s OceanStor Dorado set a new benchmark for high-end storage reliability providing the most resilient, secure, and intelligent AlI-Flash Storage Supercharged with NVMe, cutting-edge hardware, and the FlashLink® intelligent algorithm. The full power of flash is unleashed by OceanStor Dorado. Innovative architectures provide the best user experience for any application.

OceanStor Dorado all-flash storage implements intelligent Operations and Maintenance (O&M) throughout its entire lifecycle using advanced intelligent accelerator modules and algorithms. The innovative business model eliminates service interruptions caused by data migration, ensuring low Operating Expense (OPEX) and a smooth user experience.

It unlocks data’s inherent intelligence and power, assisting organizations of all sizes in navigating an uncertain, complex, and diverse marketplace.

All-flash storage’s significant performance advantages and energy efficiency make it a must-have, enabling business growth. What was once primarily used to store system core data—from core banking in finance to billing systems in carriers—is now becoming more widely used.

And, as more industries adopt high-performance, energy-efficient all-flash storage systems, the potential value that data bring grows. The potential for new applications, such as supercomputing and big data, is obvious.

“In Huawei we are heavily focused on infrastructure. So what we’ve done is, if you will look at across all our product sets, every single component will have this particular chip designed for artificial intelligence. We are not a security company but we understand the importance. One of our flagship product is the storage. One thing we do is, storage is where data lives and hackers in particular, they actually are targeting those very important data. So what we’ve done is we’ve use artificial intelligence to determine if there is a ransomware. On the fly, we are able to determine those types of infections,” said Alvarez during a media briefing session at the CXO Innovation Summit 2022.

Across the globe, Huawei has 12 Research and Development (R&D) centers, over 4000 R&D personnel, and 3000 patents, all dedicated to storage, helping more than 15,000 customers in over 150 countries.

With ongoing investment in groundbreaking technologies that offer faster, better, and more powerful data centers, Huawei’s green, reliable, and intelligent data centers place enterprises of all shapes and sizes in pole position, driving progress forward to a bright circular and digital economy.

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Metropoler is a social media-centric news website in the Philippines that covers the intersection of financial, business, media, tech, science, tourism, food, entertainment, art, politics, and culture launched on June 1, 2020.
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