Get All Access for $5/mo

Unlocking the Full Potential Of the Growing Data Sprawl The road ahead for organizations trying to fully harness the power of data will certainly have challenges, but there's also a tremendous amount of hope

By Suvig Sharma

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Unsplash

The amount of digital data in the universe is growing at an exponential rate and it is changing the world around us. In fact, businesses today can only prosper by embracing these new and unique business opportunities powered by this wealth of data and the insight it provides. And deploying the right technology appropriately will have a huge impact on doing this effectively.

Evolution of Data Management

With this unprecedented explosion of information, the ability for enterprises to capture, collate and analyze organizational data is becoming simultaneously more important and difficult to manage. And yet, even though the volume, the variety, and strategic importance of data have rapidly evolved over the last two decades; many enterprises haven't changed how they manage it. And one of the most critical issues here is the continued use of legacy relational databases, which are too rigid and don't scale well enough to handle the demands of modern application development.

Solving this problem was the entire reason for the "NoSQL" movement in the late 2000s and the invention of the document-oriented database in the first place. The document database has quickly matured beyond a mere 'NoSQL' database to become a standard in many organizations. The reason is that a document database allows developers to store information in highly detailed documents that contain a range of information—from numbers and character strings to photos and videos—all collated in one document. They're more flexible because they can digest multiple types of information at once; they're also faster because when the database is queried, it doesn't have to read several tables to find an answer—it can recall data in what is essentially real-time since the data that's accessed together is stored together in a document.

Why Scaling of Data Is Crucial For Organizations

As organizations grow, their applications must scale to match and exceed that growth rate. While traditional applications are often effective, the monolithic architecture that underlies them doesn't always scale easily as the changing environment needs them to.

Perhaps the solution to this problem, managing large sets of data, is not more resources, but an application data platform. Today, the fundamental requirements of various data sets aren't just changing, they're converging. And this a reversal of the trend of silos and specialized tools over the last 50 years.

Way back then, while relational databases did continue to remain a major category for enterprises, there came a time when these organizations also started investing in more specialized databases like document databases, graph databases, columnar databases, as well as databases for mobile, search and analytics, etc. The era of a single category of general purpose databases gave way to a time of specialization, with databases being selected based on need of a workload.

However, overtime and with today's growing massive data consumption, it is interesting to see developers and enterprises alike are going back to the more general purpose models, that are more converged in nature and help perform operations like analytics, etc., in a more effortless manner on a given dataset without having to migrate it or switch between different datastores. The agility with which enterprises can then perform these tasks is pushing the segment to aggressively go towards an application data platform approach.

Convergence is forcing us to rethink the systems we use to manage data across the enterprise and to think beyond the database, and architect an actual "application driven platform" that can process, store, secure, and analyze data in real-time, across all the relevant data sets.

Scaling With Data: The Success Mantra

The success of an organization cannot be decoupled from the software and the application they build. High-growth companies are really concerned about building applications faster and quicker. As a startup, you're probably interested in spending more time on shipping features than managing your database. You don't want to be stuck with a legacy platform at the back end. With a legacy platform, even a simple update can take up to six months. And this is where MongoDB comes in, to provide a platform that can support rapid innovation, but with enterprise-grade security and world-class operational features built natively into its global cloud database service, MongoDB Atlas. For example, during the initial stages of the lockdown in India, Ludo King was seeing an exponential increase in downloads with tens of millions of players chalking up a quarter of a billion minutes of playing time a day. Yet all this was managed by a tiny team of developers who'd built their platform on MongoDB Atlas.

Today MongoDB's preferred database platform is used by a number of high-growth companies in India including the likes of Ludo King, Halaplay, Zomato, and Cure fit.

The road ahead for organizations trying to fully harness the power of data will certainly have challenges, but there's also a tremendous amount of hope. Data is growing, people value it, and enterprises value it even more. It's not by chance that data has been labeled the "new gold" and therefore the only question now is how to find and manage it.

Suvig Sharma

Regional Vice-president - APAC, MongoDB

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Diversity

5 Ways You Can Create a More Inclusive Workplace Immediately -- and Why You Should

The more diversity you bring to your team, the greater your chances of finding groundbreaking insights and solutions.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

News and Trends

Insurtech Player Zopper Raises $25M in Series D Funding

With 40 insurance companies and 2500+ ecosystem players, Zopper will utilize the fresh capital to ramp up digital infrastructure, by strengthening its Insurance Distribution platform

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.