Петък, 24 Сеп 2021

The digital economy is expanding and accelerating

  23.07.2021 13:14  
The digital economy is expanding and accelerating

Predicting technological trends is a challenging task. Especially after a year in which the world turned upside down in a way no one could have predicted. In 2020, circumstances accelerated the digital transformation in just a few months. This had a profound and lasting impact on the way we live and work.

Covid-19 has accelerated the digitalization of every business in every field, commented Milen Ganev, a partner in the Bulgarian software company E-CARD, which is in the top 50 of Europe. Because of this, digital infrastructure and technology provide faster access to business.

It is no secret that the traditional infrastructure was not created to meet the demands of digital business today. Increasingly, the digital business is driven by modern software stacks and the widespread use of open source cloud technologies. In reality, the equivalent of years of digital transformation has happened in a few months, and this trend will accelerate even more.

IDC estimates that "by the end of 2021, based on lessons learned, 80% of all companies will have implemented a mechanism to transition to cloud-based infrastructure and applications twice as fast as before the pandemic." According to Gartner analysts Nick Jones and David Searley, by 2023, more than 50% of business-generated data will be created and processed outside of data centers or the cloud, up from just 10% in 2018.

In a world that increasingly lives and works in Edge environments, computations continue to shift from centralized data centers at unprecedented speeds to distributed interconnected infrastructure positioned in Edge locations near data generation and consumption sources, Milen Ganev explained.

In 2021 we will see a continuous impulse in the implementation of the digital environment and a wave of technological innovations throughout the infrastructure stack to cope with the increased complexity of reliable scaling and orchestration of distributed infrastructure in Edge environment, said Milen Ganev from E-CARD.

5G is a huge technological turning point. Over time, 5G will become for wireless what broadband was for cable. In 2021, companies are already taking 5G into account when planning infrastructure deployments. High-performance 5G capabilities require a physical infrastructure that optimally reaches the Edge environment. As a network access technology, 5G will provide wider coverage of the area, greater reliability, higher connection capacity and improved security, said Milen Ganev.

Artificial intelligence (AI) is certainly not a new concept, but with advances in both machine and deep learning, it is poised to transform virtually any industry, just like electricity about 100 years ago. According to IDC, by 2022, 80% of organizations moving to a hybrid business model will spend four times as much on AI-enabled infrastructure and Edge-protected infrastructure to provide real-time flexibility and information.

In 2021 we will see an accelerated pace of implementation of artificial intelligence in Edge environment for both AI training and conclusions, along with improved services for automation of infrastructure deployment and orchestration of hybrid multi-cloud AI environments, said Milen Ganev from E-CARD.

As the global climate crisis deepens, leading organizations are shifting corporate sustainability goals from avoiding negative impacts to creating positive change. At the very least, companies are developing strategies that are in line with the objectives of the Paris Agreement and recognize the urgent need to decarbonise the world's economies.

IDC estimates that "by 2025, 90% of G2000 companies will make reusable materials mandatory in IT hardware supply chains, and set carbon-neutral targets for vendor sites as well as lower energy use as prerequisites for doing business ”.

In 2021, the digital economy will continue to expand and accelerate, putting data centers at a key position, with the responsibility to stimulate a positive impact on the environment. We will see a move towards the first major projects for data centers with a positive impact on the environment.