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VSTECS gathers tech leaders to discuss the future of digital business

In what appears to be the largest virtual gathering of tech brands and IT leaders, VSTECS Phils., Inc. hosts the CXO Innovation Summit 2021 on December 7-10 to help participants navigate the future of digital business. Since 2018, the event has been an important venue for tech providers and key IT decision makers to exchange insights, industry trends and technology updates. With this year’s theme Smarter Business. Smarter World talks are curated into four topics of interests.

“Our goal for this year’s CXO Innovation Summit is to help you navigate the many complexities brought about by this pandemic, foster a culture of change, and embrace a digital-first mindset.

Through the lenses of our vendors, we will examine with a critical eye how technology will continue to alter businesses and the importance to prepare for a future powered by automation”, says Jimmy D. Go, president and CEO, VSTECS Phils., Inc.

Data in Motion: Impact on Emerging Technologies
Data is, without a doubt, the fuel of digital transformation and the lifeblood of AI. When properly harnessed, it drives innovation, improves competitiveness, and enhances customer experiences. According to IDC, the amount of digital data created over the next five years will be greater than twice the amount of data created since the advent of digital storage. It predicts that the collective sum of the world’s data could add up to 175 zettabytes in 2025. By 2025 every connected person in the world (about 75% of the total population at that time) will have a digital data engagement over 4,900 times per day, about once every 18 seconds. The IoT devices generating much of this data will generate over 90 ZB of data in 2025.

Amid the explosion of data and how it could spur innovation, without the right tools, it would be impossible to unlock its true value. Sessions of the day will examine the crucial role of data to the success of AI and ML applications highlighting data collection and data management solutions. This will guide participants on how to devise an effect data strategy.

The Hyperconnected World
Advances in communication and networking technologies have changed the way we create, process, and share information. As the number of IoT devices continue to rise, 5G will be play an important role to make IoT more efficient and effective allowing to transmit vast amounts of data in real time. Driven by the massive adoption of digital technologies, increased usage of mobile devices, sensors, and the proliferation of data capturing devices, data landscape has never been the same. According to Bernard Marr, growing data volumes, faster network and processor speeds, and the “democratization” of data are coming together and will affect society in a way that is much more than the sum of their parts.

Tracks will discuss trends affecting the future of connectivity, implications of a hyperconnected world, and how data explosion is forcing organizations to rethink their data storage strategy.