Balaji Ganesan, CEO and Co-Founder of Privacera, the only open-standards based data security governance leader founded by the creators of Apache Ranger™, shares a round-up of 2023 predictions and trends and what the company believes will be top of mind for enterprise organizations that want to compete in a data-driven economy.
“Today’s companies need to be proactive, not only about data security and investing for long-term growth and business success, but getting ahead of the ever-shifting regulatory environment,” said Privacera CEO Balaji Ganesan. “Data security platforms will continue to gain popularity as they help simplify the complexity of managing data access controls, support data governance strategies, and drive higher-value analytics that unlock the full data-driven potential of enterprises.”
According to the Gartner® 2023 Strategic Roadmap for Data Security Platform Adoption,”by 2025, 30% of enterprises will have adopted bDSP (Broad Data Security Platform), up from less than 10% in 2021, due to the pent-up demand for higher levels of data security and the rapid increase in product capabilities.”
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Data security platforms are essential for the modern data stack, and must be day-one considerations in an overall data security strategy as they provide a combination of fine-grained access controls and policy enforcement across the data estate, data masking, sensitive data discovery and classification, and automated workflows to meet changing regulatory requirements.
The adoption and combined power of data analytics, privacy and security solutions will skyrocket over the next few years as more data amasses within an organization.
Privacera’s 2023 data security and governance predictions and trends include:
Chief Data Analytics Officers will Become a C-Suite Norm
The Chief Data Analytics Officer role will become even more universal as enterprises aspire to be data-driven to improve decision-making and achieve desired business outcomes. However, without someone strictly focused on leading data analytics, assessing internal and external data strategies, and developing the data’s architecture, it is difficult to accomplish. While it is a developing space, the ROI of bringing a CDAO in-house is clear.
The Appetite for Multi-Cloud Adoption Will Continue to Grow in 2023
As business leaders look to modernize their data architecture, the adoption of multi-cloud services will continue to rise. Business leaders should take a “best of breed” strategic approach that looks at individual organizational use cases. Various cloud partners and services to handle different needs is a reality today but requires a comprehensive data security governance approach to address the increasing challenges of a multi-cloud data strategy. Business leaders are looking for even more scalable ways of building data-centric applications including self-service analytics and modern data collaboration to get even more mileage – and ultimately value – out of that data. A critical prerequisite to achieving this modern data collaboration is to integrate with a scalable data security platform.
SOURCE: PR Newswire