Data is the driving force - my 7 key takeaways from recent conferences

Dorte Møller Dorte has almost 25+ years of experience in the IT industry. Her focus is to get technology to develop companies. Dorte has a role in Cegal Danmark as Lead Customer Success Manager working with both customers and partners.

10/17/2024 |

Data security is more critical than ever, and recent conferences have revealed key insights into the importance of data, the general challenges associated with data, and how we can protect our data in an ever-evolving digital world.

1. Data as the foundation for innovation

After attending several conferences recently, it is clear that data is the key to innovation. Whether we are talking about artificial intelligence (AI), energy optimization, or digitalization, everything starts with a solid data foundation. A remarkable statistic from Gartner caught my attention:

90% of the work in AI projects still revolves around managing access, cleaning, and validating data.

Gartner

This highlights the importance of getting data management right from the outset.

2. Effective data sharing across sectors

There is an increasing focus, across sectors, on sharing data more efficiently. Concepts such as dataspaces* and data hubs in the energy sector are redefining how we view data—not just as isolated information, but as assets to be shared securely and efficiently. It is essential that we develop secure methods for data sharing so we can harness the full potential of data without compromising security.

*EU Dataspaces is an initiative aimed at creating a common European data space where data can be shared securely and efficiently across borders and sectors. This initiative supports innovation by promoting an open and interoperable infrastructure, enabling businesses and public institutions to exchange data under clear and secure frameworks. By establishing standards and guidelines for data management and sharing, EU Dataspaces seeks to strengthen the digital economy and ensure that Europe can fully leverage the potential of data for the benefit of society as a whole.

3. Sector coupling and flexibility services – about data in the energy sector

A large part of the conversation in the energy sector revolves around how we can connect sectors more effectively using data. Models like the aggregator model and services such as flexibility services demonstrate the potential of integrating energy from different sources.

Granular energy origin is an exciting concept, where energy can be tracked from production to consumption at a highly detailed level. This opens up new possibilities for energy optimization and sustainability.

4. Challenges in data security and data compliance

In terms of security, it is clear that we still face significant challenges. According to Gartner, 99% of cloud compromises are due to misconfigurations.

This raises the question: How can we minimize configuration drift and misconfigurations, ensuring that we remain compliant and secure by default? Solutions like Security Score and multi-factor authentication (MFA) can reduce risks, but a significant responsibility still lies with organizations and the individual IT professionals' skills and routines.

5. Good data governance is crucial for both innovation and speed

To navigate safely in the digital world, good data governance is essential. This involves clear guidelines and processes for how data is collected, stored, and shared. A strong data governance structure not only ensures compliance but also allows innovation to happen quickly and efficiently, without compromising security.

6. The future of data security: Protect your Data Capital with "the strongest dragon"

In a world where data has become one of the most valuable resources, it is crucial for both private and public organizations to treat their data as a form of capital that must be protected with the utmost care. Think of data as a treasure that requires a "strong dragon" guarding the gates of the organization to secure it from threats.

Data security is a constant challenge, but also an area of significant innovation. We continuously see new solutions and technologies emerging that can help protect our data more effectively.

The future of data security lies in being proactive and integrated into all aspects of data management. This includes everything from advanced encryption technologies to automated security protocols.

7. Are we taking data seriously enough, and do we have the frameworks and language to fully leverage data?

An important reflection is whether we are taking data seriously enough and whether we have the right frameworks and language to harness its potential. This requires a cultural shift where data is viewed as a core resource, not merely a byproduct.

To ensure that data is taken seriously at the executive level, it is essential for leadership to actively engage in data governance and data security. This requires a strategic approach where data is not merely seen as a technical challenge, but as an integrated part of the company's overall business strategy. By prioritizing data management at the highest level, we can foster a culture where data is viewed as a valuable resource that must be protected and utilized optimally. This will not only enhance our ability to innovate but also ensure that we are prepared to face future challenges in a responsible and effective way.

Digital transformation is happening all around us, but there is always room for improvement. The technology is ready to work smarter for the benefit of everyone, so perhaps it's time to reach out for a brainstorm and have a conversation about data.