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The new data technologies, along with legacy infrastructure, are driving
market-driven innovations like personalized offers, real-time alerts, and
predictive maintenance. However, these technical additions - ranging
from data lakes to analytics platforms to stream processing and data
mesh —have increased the complexity of data architectures. They are
significantly hampering the ongoing ability of an organization to deliver
new capabilities while ensuring the integrity of artificial intelligence (AI)
models.
A recent MIT Technology Review survey stated that 47% of data executives
are experiencing a reduction in duplicated data as the main factor of
their data strategy initiatives. Approximately 50% of organizations are
copying the transactional data system from the warehouse to the data
lake. This has led to creating a negative impact due to the rising cost of
data movements. The associated data latency, as well as the reliability
implications, are also on the rise.
Read more: How are Organizations Modernizing their Data Security and
Management?
Organizations can reduce their ETL (extract, transform and load) related
costs as well as maximize the return on their investments by loading all of
their data into the data lake. They can prepare the data based on the
desired business logic and store it back for applications and report usage.
This approach assists in identifying the data that the business requires
without reinvesting in data ingestion, thus significantly impacting the
current implementation.
But the current market dynamics do not allow for such slowdowns. Hence
industry leaders are making use of technological innovations to upend
the traditional data models, requiring laggards to reimagine the aspects
of data architecture.
Data Lakehouse
Data leaders are investing their time and effort to establish a unified
platform to reduce their analytics infrastructure complexity as well as to
promote collaboration across crucial roles like data engineers, data
scientists, and business analysts. By doing so, they can reduce costs,
operate on the data in a more efficient manner, focus on organizational
challenges and adapt to ongoing changes.
A unified platform will also enable the data scientists to develop, deploy
and operationalize their machine-learning models quickly. This approach
will assist in enriching the organizational data with predictions, implying
business analysts incorporate those into their Power BI reports, thus
shifting the insights from descriptive to predictive.
Data mesh is likely to fit in every organization. It functions best for global
and complex organizations that need to ensure that their business units
are sharing data effectively while working independently on the data
products.
Deploying the data mesh foundation services to create the first data
products.
Key Highlights
Adaptive AI systems, data sharing, and data fabrics are the emerging
trends that data and analytics leaders need to build on to drive
resilience and innovation.
With data being the most critical and significant component of data
architectures, organizations are easing into the idea of incorporating
data components like data lakehouses and data mesh to build a
sustainable data environment.
Read more: Data Fabric and Architecture: Decoding the Cloud Data
Management Essentials
In Conclusion
As data, analytics, and AI are becoming more embedded in the day-to-
day operations of most organizations; it can be clearly stated that a
radically distinct approach to data architecture is necessary to create
and grow data-centric enterprises. Data and technology leaders who are
open to embracing this new approach will better position their
organizations and lead them on the path to becoming agile, resilient, as
well as competitive.
RELATED TAGS
Data Analytics
Data
Data Modernization
Data Mesh
Data Lakehouse
Contributors
Rajesh Raman
Rajesh has nearly 2 decades of experience in...
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