Editor's Note: This blog post was originally published on September 5, 2019 and has been updated for the newest trends and information.
Companies are realizing more and more that the key to innovation and modernization lies in their data. Whether it’s smartphones, connected cars, GPS, or other innovations, companies like yours are capturing and analyzing data from a myriad of sources and using it to take their companies to the next level.
As IoT continues to become more prevalent, this flood of information is going to continue to grow, which means if you’re going to unlock your company’s full data capital, you’ll need to have the resources in place to keep up.
What Is Data Capital?
Put simply, data capital is a company’s usage of data to increase value. This can be anything from a simple database of customers to sophisticated algorithms that run predictive analytics on trends and the overall health of the marketplace.
By leveraging the power of modern data platforms, companies are able to better utilize their data. They can also rest assured that they will always have the capacity to capture and analyze that data so that no valuable information goes to waste.
How to tap into your data capital Potential
By investing in a modern data platform, you can use data to inform your decisions—a distinct competitive advantage that helps cut through the noise and make a new product or service stand out.
Modern data platforms also help transform your business—and your unlock data capital—by mapping out the right services, finding improvements in on-site hardware, and utilizing the speed and flexibility of cloud technology (whether hybrid or all-in) to accelerate product development, production, and deployment.
In addition, modern datacenters also allow you to use your infrastructure to embrace and power emerging technologies as they arrive, helping you be better poised to meet the technological needs of today—and tomorrow.
To learn more about data capital, including more on the benefits of modern data centers, download our free eBook: Unlocking the Potential of Modern Datacenters
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