Everyone knows that data is exploding. What most people don’t realize is the pace and ways in which data is changing our everyday lives paid awscloud
, we’re seeing a “roughly 10x increase in data every 5 years, and the types of data that’s being generated is changing” as new devices are created every day. What does this data explosion mean for the future of business? And how is blockchain able to help with structuring and securing data?
“So what you have is data volume exploding. You have the need for more control of data, but I think you also see customers realizing that data is a key strategic asset for their businesses. And so they need to be able to operate with data and use it to help them prove their businesses and drive competitive advantage while still complying with everything that’s related to regulation and data protection,”says Rahul.
On today’s episode, Ian is joined by Rahul Pathak, Executive and General Manager of all things big data, data lakes, and blockchain at . Rahul has been with AWS since 2011 and focuses on providing customers access to large scale databases and computing. Today, he is passionate about the use cases of blockchain and is working with customers to solve their business goals with this new technology.
[On potential use cases of blockchain for AWS customers…] “Imagine something like a DMV that’s trying to track vehicle ownership and registration history. And they wanted the ability to track that in a way that couldn’t be modified or tampered with. And so that was a case where they needed a verifiable, tamper-proof record of what had happened, but they didn’t need any distributed trust. So that was a really about centralized use of immutable records.
[On the opportunities of data lakes] “I think the use cases are really only gonna continue to explode. If you think about it on the data side, we’re continuing to generate more and more data. Today where we all have cell phones and smart devices, but things like smartwatches are now a huge category. You’re going to have sensors embedded in more and more things. And so that volume of data that’s coming is going to continue to grow.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. economy picks up in third-quarter; data surprise on the upsideU.S. economic growth picked up slightly in the third quarter, rather than slowin...
Read more »
Exclusive: Big four auditors face investor calls for tougher climate scrutinyEuropean investors managing assets worth more than 1 trillion pounds ($1.28 tril...
Read more »
Is The Next Big Thing In Venture Capital Human CapitalEntrepreneurial success needs more than an idea and money. It requires a passionate team with shared values and a growth mindset.
Read more »
Big cities pulling police officers off federal joint crime task forces
Read more »
The big balloons are in the Macy's Thanksgiving Day Parade after all, but they're staying lowThe Macy's Thanksgiving Day Parade has kicked off with its 16 giant character balloons ready to take on the Manhattan route, despite concerns that high winds might have grounded them.
Read more »
Scientists find 'monster' black hole so big it shouldn't existScientists have discovered a black hole that's twice as massive as what they'd thought was possible
Read more »