Introduction: The Rise of Modern Data Architectures
Data is creating massive waves of change and giving rise to a new data-driven economy that is only beginning. Organizations in all industries are changing their business models to monetize data, understanding that doing so is critical to competition and even survival. There is tremendous opportunity as applications, instrumented devices, and web traffic are throwing off reams of 1s and 0s, rich in analytics potential.
These analytics initiatives can reshape sales, operations, and strategy on many fronts. Real-time processing of customer data can create new revenue opportunities. Tracking devices with Internet of Things (IoT) sensors can improve operational efficiency, reduce risk, and yield new analytics insights. New artificial intelligence (AI) approaches such as machine learning can accelerate and improve the accuracy of business predictions. Such is the promise of modern analytics.
However, these opportunities change how data needs to be moved, stored, processed, and analyzed, and it’s easy to underestimate the resulting organizational and technical challenges. From a technology perspective, to achieve the promise of analytics, underlying data architectures need to efficiently process high volumes of fast-moving data from many sources. They also need to accommodate evolving business needs and multiplying data sources.
To adapt, IT organizations are embracing data lake, streaming, and cloud architectures. These platforms are ...
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