Design for Purpose
Aastha Sharma
Data & Reliability Engineering | AI-Driven Automation | Six Sigma in Data Quality | SRE | Kafka | AWS | Patent Holder | Speaker and Mentor
According to the MET group of countries, the world's oil reserves will run out by 2052, natural gas by 2060, and coal by 2090.
It took a little less than 200 years, first drilled in 1859, for us to deplete Earth’s core from its reserve of Oil.
The Twenty-first century has been about Data; “Data is the new Oil”. The interesting part about data is it is ever-increasing; yes, we won’t run out of it. We are only going to need more space to store it, more power to process it, and more engineers to clean it and bring it into the form where a business can make sense of it.
Data is an asset; we have started safekeeping it, making it available on-demand, monetizing it, or keeping it for keeps. We use data to make life simpler; we want to automate processes, use it to train robots to do repetitive/mundane jobs, we want to provide a better experience to our customers, and we are working towards hyper-personalization.
The more we understand the more we need it.
The only way to understand something is to gather more information. Applications make that possible; they are designed to perform a certain group of tasks, help people in their day-to-day jobs and improve their experiences.
As of the first quarter of 2021, Android users were able to choose between 3.48 million apps. The Apple App Store was the second-largest app store with roughly 2.22 million available apps for iOS.
Yet these are just mobile applications. Then we have web applications, legacy systems, and upstream and downstream applications. They are all processing and storing data we can’t comprehend. Using up a lot of resources and power.
Hope it is not the beginning of another problem to solve.
Director - Customer Success, SymphonyAI, Ireland
2 年Nicely written - simple, easy to understand and leave us with food for thought. I am curious what your views would be about how to not fall into the trap of making data another problem for tech to solve? May be good for a follow on topic?
Program Manager - BI (Dubai Islamic Bank)
2 年Nice one! Such an important asset. We already are experiencing the benefits of Data in various fields like Medical Science, Communication etc.. The key is the ability to maintain high data quality and ability to Process the Data. Looking forward to more such articles.
Manufacturer of “Appu’s Gandhadagudi Agarbathie”
2 年Most appropriate wrightup at the most relevant times… brilliant ??
General Manager- BI & Analytics Global Service Delivery Lead at Vodafone Shared Service for 16 markets - Europe & Africa
2 年A good insight Astha. Something that we all know of, but you have put it it the right perspective to highlight its importance. Well written, will wait for more such informative articles from you. Good going
Associate Director (Data Science Delivery) at PepsiCo
2 年Data is the new oil. (Physical) Oil is depleting at fastest pace ever and we would be out of oil in few decades. On the contrary we are generating the data-oil at the fastest pace ever which is going to increase exponentially with technologies like IoT / 5G / Metaverse / many others to come , playing major role…. How would the future of data, data management / data engineering, Data analysis and Analytics on top of it , Data velocity, veracity, data value be like… would be interesting to discover….