As the whirlwind of 2016 quickly winds down, it is a good opportunity to look back at the significant trends from this year. As predicted, the industry experienced accelerated data growth, the continued convergence of security and IT, and the ever-expanding impact of the Internet of Things (IoT).
Overall, 2016 was a good year. IT investments were strong and organisations rapidly adopted new data centre advancements such as hyper converged infrastructure (HCI) to help manage the huge influx of critical data without incurring new major costs.
What was most unexpected about the last year was the significant impact of cybersecurity on the IoT. The security of connected devices has been a continued concern, but many were taken by surprise at the extent of the outlying vulnerabilities and how easily hackers can take over the control of devices and gain access to stored data. Luckily, minimal permanent damage was done, but edge device manufacturers and integrators must take significant precautions to prevent this type of event from reoccurring.
Cyber and physical security
What was most unexpected about the last year was the significant impact of cybersecurity on the IoT
Looking toward 2017, one can expect to see increased scrutiny over very low-cost, private-label or white-box products that may not meet modern data security requirements. Organisations will continue to align internal security departments and processes with IT to address evolving cyber and physical security threats. New technologies, such as deep learning and GPU acceleration, will enable the rise of more reliable, accurate analytics and broader market adoption of these types of technologies. Additionally, one also expects to see the emergence of cloud and hybrid-cloud platforms as viable enterprise video storage alternatives.
On the business-front, 2016 was a phenomenal year for Pivot3. They continued to experience record growth and momentum, and most recently increased revenue growth by 105 percent over the same period in Q3 2015, with 67 percent of revenue coming from new customers. They focused on expanding their customer base, and added seasoned executives to help lead the organisation and fuel major growth efforts in 2017. Overall, it is exciting to see the enthusiasm for Pivot3 HCI solutions across multiple use cases and markets, and they’re well primed for further success in 2017.
See the full coverage of 2016/2017 Review and Forecast articles here