The past tumultuous year saw many organisations caught up in a cloud frenzy, heavily investing in data lakes and data warehouses to get the most out of their precious data in a more flexible, scalable and efficient way. But despite the investments, we saw the data management was still a big challenge for companies in 2020. The majority of them still struggled with legacy systems, lack of domain-specific skills, lack of clearly defined data governance policies and poor data quality, preventing them from thriving in their data and AI innovations. It was clear that the new circumstances required enterprises to review their data management strategies and design platforms to support their AI-driven ambitions.

Nevertheless, 2021 carries more positive outlooks for data management. G2 Research Hub forecasts that in 2021, data-driven leaders will be reassessing their data management strategies due to the evolving technology environment. Also, organisations will invest in scalable data platforms to effectively secure, govern, and analyse data across business functions through a single unified platform. These modern data platforms will provide seamless access to their data, irrespective of where it resides, helping companies gain valuable insights and make better business decisions. Research trends state that data management capabilities are enforced with AI and ML to handle the ever-evolving complexities like data diversity and disparity across environments. Another important transformation in data management is the blurring line between IT and business responsibilities. Organisations will eliminate functional boundaries, enabling enterprise-wide data collaboration and empowering stakeholders across the organisation with the right data at the right time.

These are some of the trends, strategies and methodologies that will be discussed at the upcoming Data 2030 Summit in February. Eager to learn more about the developments in data management that we can expect in the new year and beyond, we’ve invited some of the Data 2030 Summit speakers to share how they see specific data management components developing in the near future. Here is a roundup of experts’ data management predictions for 2021 and beyond

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