Technology Magazine October 2024 | Page 139

RAJ RAJ RAJ

NATARAJ NAGARATNAM
TITLE : GLOBAL CTO FOR CLOUD SECURITY
COMPANY : IBM LOCATION : UNITED STATES
Nataraj is a chief technical executive focused on designing and delivering innovative security solutions that help businesses in their digital transformation journeys . With more than 20 years of experience , he has a track record of blending technology vision with business acumen to deliver innovative products and capabilities .
“ Cloud storage and analytics hold the key to unlocking the valuable insights in this data . This may be on pricing , customer behaviour and competitors , while also supporting preventative measures against fraud and ransomware .”
However , having a clear cybersecurity strategy remains important to protect sensitive IoT data that can be exploited .
“ Choosing the right cloud service provider is key , ensuring businesses can efficiently store , manage , and access vast amounts of data ,” Barath suggests . “ Security and efficiency in data storage are important , particularly in multi-cloud environments .
CLOUD

48 %

of businesses stored their most important data in the cloud ( 2023 )
Optimising data placement ensures that information is stored as close as possible to where it will be processed , minimising latency and enhancing overall system performance .
“ Moreover , efficient data storage practices contribute to cost savings by reducing unnecessary data transfer and storage expenses .”
By uncovering patterns and trends within IoT data , businesses can make informed decisions that drive innovation . With use cases ranging from optimising supply chain logistics or personalising customer experiences , insights gained from IoT data can work to empower organisations to stay competitive in a rapidly changing market landscape .
Barath adds : “ The integration of IoT data with emerging technologies like edge computing and 5G networks holds promise for further enhancing data processing capabilities . Edge computing reduces latency by processing data closer to its source , while 5G networks offer higher bandwidth and faster data transmission speeds , enabling realtime analytics and decision-making at scale .” technologymagazine . com 139