SlideShare a Scribd company logo
1 of 8
Download to read offline
Evolving Big Data Strategies: Bringing Data Lake and Data Mesh Vision
to Life
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.
Today's transactional data systems run between data warehouses
and operational databases like Oracle, Microsoft SQL Server, or
PostgreSQL. On the contrary, machine learning (ML) and analytics
have usually occurred in data lakes or data warehouses. While this
can indicate that the organization is on the right track, they can
probably notice a rise in costs related to ETL (extract, transform
and load), data access, and data management.
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 perform near real-time analysis on operational
databases, such as SQL server-based databases, or non-SQL DB,
such as Cosmos DB. Gartner Inc. defined this framework as hybrid
transactional/analytical processing (HTAP). Many cloud providers
are investing in tools to simplify this integration. In addition, if the
organization has a data catalog, it can contain all the data in the
data lake, allowing users to discover and use the data without
needing IT resources.
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.
Understanding Data Management Architecture
Data architecture specialists are familiar with the emerging
concept of data lakehouse and data mesh. While a data
lakehouse refers to different formats of data storage, analysis, and
queries, Data Mesh encompasses a series of concepts connected
to data management in a decentralized and large-scale manner.
These data architectures are enabling organizations to
democratize the use of data within operations. It is also assisting
them in managing data in a more flexible pattern than ever
before.
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.
Read more: The Rise of a Data-Driven Work Environment: What
Do Enterprises Need to Know
Organizations are shifting to an easy-to-use experience where the
data workload is purpose-built while being deeply integrated. The
potential evolution of the data architecture forms the basis of the
data lakehouse introduced. It proposes the idea that a single data
lakehouse is capable of supporting machine learning and
analytics in the same place while avoiding silos. With a single data
lakehouse, organizations can reduce data duplication, thus
facilitating a more effective usage of ML across their data
operations.
Data Mesh
Data mesh is emerging as a preferred data strategy by
organizations. A domain-driven analytical data architecture, data
mesh, helps businesses in facilitating data democratization as
data is becoming a company’s product, and data products have
different data product patterns.
Data Mesh functions on a socio-technical paradigm that works on
four principles:
• Principle of Domain Ownership - decentralization and
distribution of data responsibility to those who are closest
to the data.
• Principle of Data as a Product - the analytical data
delivered is treated as a product, and the consumers are
treated as customers.
• Principal of the Self-serve Data Platform - self-serve data
platform services that enable domains’ cross-functional
teams to transfer data.
• Principal of Federated Computational Governance - a
decision-making model for data product owners and
data platform product owners that provides them the
autonomy as well as the domain-local decision-making
power to create and adhere to a set of global rules.
For example: If a marketing business unit (BU) is looking to publish
a data product that defines the company’s top-selling products.
On the contrary, the operations BU also wanted to build demand-
like models, considering the mentioned top-selling products data
as input. With data mesh, the team will not have to transfer the
data between business units and create a disconnected copy.
Instead, they can just subscribe to the marketing data product
and utilize it in their analysis.
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.
Read more: What Is Data Democratization? How is it Accelerating
Digital Businesses?
The Process of Implementation and
Evolution
Implementing data lakehouse and data mesh as a part of the
organization’s big data strategy is a journey. And organizations
should embark on this journey without impacting their existing
business operations. For smooth incorporation of these data
components, businesses can undertake the following steps:
• Defining the desired future state by aligning business
goals, people development, and the evolution of
processes.
• Undertaking a data state assessment to identify the
organization’s current state.
• Performing a gap analysis to quantify the difference
between the current and desired state, recognize
opportunities, and design an actionable road map.
• Estimating different data lake options and performing a
pilot with a use case that involves data engineers and
data scientists.
• Processing data in place. Instead of employing a
traditional ETL for data movement into a data lakehouse,
businesses can opt for a TEL (transform, extract and load)
to process the data within the distributed data store.
• Establishing a data-driven culture plan that involves the
board of directors as stakeholders.
• Deploying the data mesh foundation services to create
the first data products.
• Formulating data governance services like data catalog,
data usage detection, and data classification.
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.
• These data and analytics trends will authorize
organizations to anticipate change and manage
uncertainty.
• Investing in trends most relevant to the organization can
help in meeting the CEO’s priority of returning to and
accelerating growth.
• 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.
Organizations are now evolving their data architecture by
evaluating and integrating data lakehouse as well as data mesh
when required. To implement modern analytics and data
governance at scale, organizations must align their technology,
people, and processes to evolve as an intelligence-driven
enterprise.
With a presence in New York, San Francisco, Austin, Seattle,
Toronto, London, Zurich, Pune, Bengaluru, and Hyderabad, SG
Analytics, a pioneer in Research and Analytics, offers tailor-made
services to enterprises worldwide.
A leader in Data Modernization, SG Analytics offers an in-depth
domain knowledge and understanding of the underlying data with
expertise in technology, data analytics, and automation. Contact
us today if you are looking to understand the potential risks
associated with data and develop effective data strategies and
internal controls to avoid such risks.

More Related Content

Similar to Evolving Big Data Strategies: Bringing Data Lake and Data Mesh Vision to Life

Modern Integrated Data Environment - Whitepaper | Qubole
Modern Integrated Data Environment - Whitepaper | QuboleModern Integrated Data Environment - Whitepaper | Qubole
Modern Integrated Data Environment - Whitepaper | QuboleVasu S
 
Building a Big Data Analytics Platform- Impetus White Paper
Building a Big Data Analytics Platform- Impetus White PaperBuilding a Big Data Analytics Platform- Impetus White Paper
Building a Big Data Analytics Platform- Impetus White PaperImpetus Technologies
 
The New Enterprise Blueprint featuring the Gartner Magic Quadrant
The New Enterprise Blueprint featuring the Gartner Magic QuadrantThe New Enterprise Blueprint featuring the Gartner Magic Quadrant
The New Enterprise Blueprint featuring the Gartner Magic QuadrantLindaWatson19
 
Data Analytics And Business Decision.pdf
Data Analytics And Business Decision.pdfData Analytics And Business Decision.pdf
Data Analytics And Business Decision.pdfCiente
 
Data Analytics And Business Decision.pdf
Data Analytics And Business Decision.pdfData Analytics And Business Decision.pdf
Data Analytics And Business Decision.pdfCiente
 
Top 10 guidelines for deploying modern data architecture for the data driven ...
Top 10 guidelines for deploying modern data architecture for the data driven ...Top 10 guidelines for deploying modern data architecture for the data driven ...
Top 10 guidelines for deploying modern data architecture for the data driven ...LindaWatson19
 
Big data an elephant business opportunities
Big data an elephant   business opportunitiesBig data an elephant   business opportunities
Big data an elephant business opportunitiesBigdata Meetup Kochi
 
intelligent-data-lake_executive-brief
intelligent-data-lake_executive-briefintelligent-data-lake_executive-brief
intelligent-data-lake_executive-briefLindy-Anne Botha
 
Future Trends in the Modern Data Stack Landscape
Future Trends in the Modern Data Stack LandscapeFuture Trends in the Modern Data Stack Landscape
Future Trends in the Modern Data Stack LandscapeCiente
 
Business Intelligence Solution on Windows Azure
Business Intelligence Solution on Windows AzureBusiness Intelligence Solution on Windows Azure
Business Intelligence Solution on Windows AzureInfosys
 
IRJET- A Scrutiny on Research Analysis of Big Data Analytical Method and Clou...
IRJET- A Scrutiny on Research Analysis of Big Data Analytical Method and Clou...IRJET- A Scrutiny on Research Analysis of Big Data Analytical Method and Clou...
IRJET- A Scrutiny on Research Analysis of Big Data Analytical Method and Clou...IRJET Journal
 
Augmented Data Management
Augmented Data ManagementAugmented Data Management
Augmented Data ManagementFORMCEPT
 
Getting down to business on Big Data analytics
Getting down to business on Big Data analyticsGetting down to business on Big Data analytics
Getting down to business on Big Data analyticsThe Marketing Distillery
 

Similar to Evolving Big Data Strategies: Bringing Data Lake and Data Mesh Vision to Life (20)

Vendor comparisons: the end game in business intelligence
Vendor comparisons: the end game in business intelligenceVendor comparisons: the end game in business intelligence
Vendor comparisons: the end game in business intelligence
 
Modern Integrated Data Environment - Whitepaper | Qubole
Modern Integrated Data Environment - Whitepaper | QuboleModern Integrated Data Environment - Whitepaper | Qubole
Modern Integrated Data Environment - Whitepaper | Qubole
 
Big Data Analytics
Big Data AnalyticsBig Data Analytics
Big Data Analytics
 
Building a Big Data Analytics Platform- Impetus White Paper
Building a Big Data Analytics Platform- Impetus White PaperBuilding a Big Data Analytics Platform- Impetus White Paper
Building a Big Data Analytics Platform- Impetus White Paper
 
The New Enterprise Blueprint featuring the Gartner Magic Quadrant
The New Enterprise Blueprint featuring the Gartner Magic QuadrantThe New Enterprise Blueprint featuring the Gartner Magic Quadrant
The New Enterprise Blueprint featuring the Gartner Magic Quadrant
 
pwc-data-mesh.pdf
pwc-data-mesh.pdfpwc-data-mesh.pdf
pwc-data-mesh.pdf
 
Data Analytics And Business Decision.pdf
Data Analytics And Business Decision.pdfData Analytics And Business Decision.pdf
Data Analytics And Business Decision.pdf
 
Data Analytics And Business Decision.pdf
Data Analytics And Business Decision.pdfData Analytics And Business Decision.pdf
Data Analytics And Business Decision.pdf
 
Top 10 guidelines for deploying modern data architecture for the data driven ...
Top 10 guidelines for deploying modern data architecture for the data driven ...Top 10 guidelines for deploying modern data architecture for the data driven ...
Top 10 guidelines for deploying modern data architecture for the data driven ...
 
Data Analytics.pptx
Data Analytics.pptxData Analytics.pptx
Data Analytics.pptx
 
Big data an elephant business opportunities
Big data an elephant   business opportunitiesBig data an elephant   business opportunities
Big data an elephant business opportunities
 
Oracle sql plsql & dw
Oracle sql plsql & dwOracle sql plsql & dw
Oracle sql plsql & dw
 
intelligent-data-lake_executive-brief
intelligent-data-lake_executive-briefintelligent-data-lake_executive-brief
intelligent-data-lake_executive-brief
 
Future Trends in the Modern Data Stack Landscape
Future Trends in the Modern Data Stack LandscapeFuture Trends in the Modern Data Stack Landscape
Future Trends in the Modern Data Stack Landscape
 
Business Intelligence Solution on Windows Azure
Business Intelligence Solution on Windows AzureBusiness Intelligence Solution on Windows Azure
Business Intelligence Solution on Windows Azure
 
IRJET- A Scrutiny on Research Analysis of Big Data Analytical Method and Clou...
IRJET- A Scrutiny on Research Analysis of Big Data Analytical Method and Clou...IRJET- A Scrutiny on Research Analysis of Big Data Analytical Method and Clou...
IRJET- A Scrutiny on Research Analysis of Big Data Analytical Method and Clou...
 
SegmentOfOne
SegmentOfOneSegmentOfOne
SegmentOfOne
 
Augmented Data Management
Augmented Data ManagementAugmented Data Management
Augmented Data Management
 
Unlocking big data
Unlocking big dataUnlocking big data
Unlocking big data
 
Getting down to business on Big Data analytics
Getting down to business on Big Data analyticsGetting down to business on Big Data analytics
Getting down to business on Big Data analytics
 

More from SG Analytics

China Real Estate - In Desperate Need of More Policy Measures
China Real Estate - In Desperate Need of More Policy MeasuresChina Real Estate - In Desperate Need of More Policy Measures
China Real Estate - In Desperate Need of More Policy MeasuresSG Analytics
 
Role of Data Analytics in the Media and Entertainment Industry - White Paper
Role of Data Analytics in the Media and Entertainment Industry - White PaperRole of Data Analytics in the Media and Entertainment Industry - White Paper
Role of Data Analytics in the Media and Entertainment Industry - White PaperSG Analytics
 
ChatGPT - What Is It & How Can You Use It, it’s limitations.pdf
ChatGPT - What Is It & How Can You Use It, it’s limitations.pdfChatGPT - What Is It & How Can You Use It, it’s limitations.pdf
ChatGPT - What Is It & How Can You Use It, it’s limitations.pdfSG Analytics
 
Proliferation of Smartphones and Rising Incidents of Cyberattacks are resulti...
Proliferation of Smartphones and Rising Incidents of Cyberattacks are resulti...Proliferation of Smartphones and Rising Incidents of Cyberattacks are resulti...
Proliferation of Smartphones and Rising Incidents of Cyberattacks are resulti...SG Analytics
 
Importance of Data in ESG to enable better decision making
Importance of Data in ESG to enable better decision makingImportance of Data in ESG to enable better decision making
Importance of Data in ESG to enable better decision makingSG Analytics
 
Adopting Leading ESG Practices can enhance Corporate Value.pdf
Adopting Leading ESG Practices can enhance Corporate Value.pdfAdopting Leading ESG Practices can enhance Corporate Value.pdf
Adopting Leading ESG Practices can enhance Corporate Value.pdfSG Analytics
 
Rising Significance of Big Data Analytics for Exponential Growth.docx
Rising Significance of Big Data Analytics for Exponential Growth.docxRising Significance of Big Data Analytics for Exponential Growth.docx
Rising Significance of Big Data Analytics for Exponential Growth.docxSG Analytics
 
Big Business Trends You must be Ready in 2023.pdf
Big Business Trends You must be Ready in 2023.pdfBig Business Trends You must be Ready in 2023.pdf
Big Business Trends You must be Ready in 2023.pdfSG Analytics
 
Fifa world cup 2022
Fifa world cup 2022Fifa world cup 2022
Fifa world cup 2022SG Analytics
 
What is the Blue Ocean Strategy
What is the Blue Ocean StrategyWhat is the Blue Ocean Strategy
What is the Blue Ocean StrategySG Analytics
 
Financial intelligence provider leveraged SG Analytics Services
Financial intelligence provider leveraged SG Analytics ServicesFinancial intelligence provider leveraged SG Analytics Services
Financial intelligence provider leveraged SG Analytics ServicesSG Analytics
 
Investment Banking vs. Hedge Fund vs. Private Equity.pdf
Investment Banking vs. Hedge Fund vs. Private Equity.pdfInvestment Banking vs. Hedge Fund vs. Private Equity.pdf
Investment Banking vs. Hedge Fund vs. Private Equity.pdfSG Analytics
 
Emerging Trends in Media and Entertainment Industry in 2023 - SG Analytics.pdf
Emerging Trends in Media and Entertainment Industry in 2023 - SG Analytics.pdfEmerging Trends in Media and Entertainment Industry in 2023 - SG Analytics.pdf
Emerging Trends in Media and Entertainment Industry in 2023 - SG Analytics.pdfSG Analytics
 
Ways Marketing and Advertising will Change for the Better - SG Analytics.pdf
Ways Marketing and Advertising will Change for the Better - SG Analytics.pdfWays Marketing and Advertising will Change for the Better - SG Analytics.pdf
Ways Marketing and Advertising will Change for the Better - SG Analytics.pdfSG Analytics
 
The Future of Digital Marketing and Advertising: 2023 Predictions
The Future of Digital Marketing and Advertising: 2023 PredictionsThe Future of Digital Marketing and Advertising: 2023 Predictions
The Future of Digital Marketing and Advertising: 2023 PredictionsSG Analytics
 
What is KOL Mapping in Healthcare
What is KOL Mapping in HealthcareWhat is KOL Mapping in Healthcare
What is KOL Mapping in HealthcareSG Analytics
 
Technology Transforming the Qatar FIFA World Cup 2022 Experience - SG Analyti...
Technology Transforming the Qatar FIFA World Cup 2022 Experience - SG Analyti...Technology Transforming the Qatar FIFA World Cup 2022 Experience - SG Analyti...
Technology Transforming the Qatar FIFA World Cup 2022 Experience - SG Analyti...SG Analytics
 
SG Analytics_Economic Whiplash What is it and Four Ways to Avoid it.pptx
SG Analytics_Economic Whiplash What is it and Four Ways to Avoid it.pptxSG Analytics_Economic Whiplash What is it and Four Ways to Avoid it.pptx
SG Analytics_Economic Whiplash What is it and Four Ways to Avoid it.pptxSG Analytics
 
Sustainability Outlook - Top Emerging Trends in 2023 and Beyond.pdf
Sustainability Outlook - Top Emerging Trends in 2023 and Beyond.pdfSustainability Outlook - Top Emerging Trends in 2023 and Beyond.pdf
Sustainability Outlook - Top Emerging Trends in 2023 and Beyond.pdfSG Analytics
 
7 Trends That BFSI Industry Cannot Ignore Anymore- Get Ready for 2023
7 Trends That BFSI Industry Cannot Ignore Anymore- Get Ready for 20237 Trends That BFSI Industry Cannot Ignore Anymore- Get Ready for 2023
7 Trends That BFSI Industry Cannot Ignore Anymore- Get Ready for 2023SG Analytics
 

More from SG Analytics (20)

China Real Estate - In Desperate Need of More Policy Measures
China Real Estate - In Desperate Need of More Policy MeasuresChina Real Estate - In Desperate Need of More Policy Measures
China Real Estate - In Desperate Need of More Policy Measures
 
Role of Data Analytics in the Media and Entertainment Industry - White Paper
Role of Data Analytics in the Media and Entertainment Industry - White PaperRole of Data Analytics in the Media and Entertainment Industry - White Paper
Role of Data Analytics in the Media and Entertainment Industry - White Paper
 
ChatGPT - What Is It & How Can You Use It, it’s limitations.pdf
ChatGPT - What Is It & How Can You Use It, it’s limitations.pdfChatGPT - What Is It & How Can You Use It, it’s limitations.pdf
ChatGPT - What Is It & How Can You Use It, it’s limitations.pdf
 
Proliferation of Smartphones and Rising Incidents of Cyberattacks are resulti...
Proliferation of Smartphones and Rising Incidents of Cyberattacks are resulti...Proliferation of Smartphones and Rising Incidents of Cyberattacks are resulti...
Proliferation of Smartphones and Rising Incidents of Cyberattacks are resulti...
 
Importance of Data in ESG to enable better decision making
Importance of Data in ESG to enable better decision makingImportance of Data in ESG to enable better decision making
Importance of Data in ESG to enable better decision making
 
Adopting Leading ESG Practices can enhance Corporate Value.pdf
Adopting Leading ESG Practices can enhance Corporate Value.pdfAdopting Leading ESG Practices can enhance Corporate Value.pdf
Adopting Leading ESG Practices can enhance Corporate Value.pdf
 
Rising Significance of Big Data Analytics for Exponential Growth.docx
Rising Significance of Big Data Analytics for Exponential Growth.docxRising Significance of Big Data Analytics for Exponential Growth.docx
Rising Significance of Big Data Analytics for Exponential Growth.docx
 
Big Business Trends You must be Ready in 2023.pdf
Big Business Trends You must be Ready in 2023.pdfBig Business Trends You must be Ready in 2023.pdf
Big Business Trends You must be Ready in 2023.pdf
 
Fifa world cup 2022
Fifa world cup 2022Fifa world cup 2022
Fifa world cup 2022
 
What is the Blue Ocean Strategy
What is the Blue Ocean StrategyWhat is the Blue Ocean Strategy
What is the Blue Ocean Strategy
 
Financial intelligence provider leveraged SG Analytics Services
Financial intelligence provider leveraged SG Analytics ServicesFinancial intelligence provider leveraged SG Analytics Services
Financial intelligence provider leveraged SG Analytics Services
 
Investment Banking vs. Hedge Fund vs. Private Equity.pdf
Investment Banking vs. Hedge Fund vs. Private Equity.pdfInvestment Banking vs. Hedge Fund vs. Private Equity.pdf
Investment Banking vs. Hedge Fund vs. Private Equity.pdf
 
Emerging Trends in Media and Entertainment Industry in 2023 - SG Analytics.pdf
Emerging Trends in Media and Entertainment Industry in 2023 - SG Analytics.pdfEmerging Trends in Media and Entertainment Industry in 2023 - SG Analytics.pdf
Emerging Trends in Media and Entertainment Industry in 2023 - SG Analytics.pdf
 
Ways Marketing and Advertising will Change for the Better - SG Analytics.pdf
Ways Marketing and Advertising will Change for the Better - SG Analytics.pdfWays Marketing and Advertising will Change for the Better - SG Analytics.pdf
Ways Marketing and Advertising will Change for the Better - SG Analytics.pdf
 
The Future of Digital Marketing and Advertising: 2023 Predictions
The Future of Digital Marketing and Advertising: 2023 PredictionsThe Future of Digital Marketing and Advertising: 2023 Predictions
The Future of Digital Marketing and Advertising: 2023 Predictions
 
What is KOL Mapping in Healthcare
What is KOL Mapping in HealthcareWhat is KOL Mapping in Healthcare
What is KOL Mapping in Healthcare
 
Technology Transforming the Qatar FIFA World Cup 2022 Experience - SG Analyti...
Technology Transforming the Qatar FIFA World Cup 2022 Experience - SG Analyti...Technology Transforming the Qatar FIFA World Cup 2022 Experience - SG Analyti...
Technology Transforming the Qatar FIFA World Cup 2022 Experience - SG Analyti...
 
SG Analytics_Economic Whiplash What is it and Four Ways to Avoid it.pptx
SG Analytics_Economic Whiplash What is it and Four Ways to Avoid it.pptxSG Analytics_Economic Whiplash What is it and Four Ways to Avoid it.pptx
SG Analytics_Economic Whiplash What is it and Four Ways to Avoid it.pptx
 
Sustainability Outlook - Top Emerging Trends in 2023 and Beyond.pdf
Sustainability Outlook - Top Emerging Trends in 2023 and Beyond.pdfSustainability Outlook - Top Emerging Trends in 2023 and Beyond.pdf
Sustainability Outlook - Top Emerging Trends in 2023 and Beyond.pdf
 
7 Trends That BFSI Industry Cannot Ignore Anymore- Get Ready for 2023
7 Trends That BFSI Industry Cannot Ignore Anymore- Get Ready for 20237 Trends That BFSI Industry Cannot Ignore Anymore- Get Ready for 2023
7 Trends That BFSI Industry Cannot Ignore Anymore- Get Ready for 2023
 

Recently uploaded

代办国外大学文凭《原版美国UCLA文凭证书》加州大学洛杉矶分校毕业证制作成绩单修改
代办国外大学文凭《原版美国UCLA文凭证书》加州大学洛杉矶分校毕业证制作成绩单修改代办国外大学文凭《原版美国UCLA文凭证书》加州大学洛杉矶分校毕业证制作成绩单修改
代办国外大学文凭《原版美国UCLA文凭证书》加州大学洛杉矶分校毕业证制作成绩单修改atducpo
 
Industrialised data - the key to AI success.pdf
Industrialised data - the key to AI success.pdfIndustrialised data - the key to AI success.pdf
Industrialised data - the key to AI success.pdfLars Albertsson
 
Delhi Call Girls CP 9711199171 ☎✔👌✔ Whatsapp Hard And Sexy Vip Call
Delhi Call Girls CP 9711199171 ☎✔👌✔ Whatsapp Hard And Sexy Vip CallDelhi Call Girls CP 9711199171 ☎✔👌✔ Whatsapp Hard And Sexy Vip Call
Delhi Call Girls CP 9711199171 ☎✔👌✔ Whatsapp Hard And Sexy Vip Callshivangimorya083
 
Ukraine War presentation: KNOW THE BASICS
Ukraine War presentation: KNOW THE BASICSUkraine War presentation: KNOW THE BASICS
Ukraine War presentation: KNOW THE BASICSAishani27
 
Market Analysis in the 5 Largest Economic Countries in Southeast Asia.pdf
Market Analysis in the 5 Largest Economic Countries in Southeast Asia.pdfMarket Analysis in the 5 Largest Economic Countries in Southeast Asia.pdf
Market Analysis in the 5 Largest Economic Countries in Southeast Asia.pdfRachmat Ramadhan H
 
Building on a FAIRly Strong Foundation to Connect Academic Research to Transl...
Building on a FAIRly Strong Foundation to Connect Academic Research to Transl...Building on a FAIRly Strong Foundation to Connect Academic Research to Transl...
Building on a FAIRly Strong Foundation to Connect Academic Research to Transl...Jack DiGiovanna
 
RadioAdProWritingCinderellabyButleri.pdf
RadioAdProWritingCinderellabyButleri.pdfRadioAdProWritingCinderellabyButleri.pdf
RadioAdProWritingCinderellabyButleri.pdfgstagge
 
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdfKantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdfSocial Samosa
 
PKS-TGC-1084-630 - Stage 1 Proposal.pptx
PKS-TGC-1084-630 - Stage 1 Proposal.pptxPKS-TGC-1084-630 - Stage 1 Proposal.pptx
PKS-TGC-1084-630 - Stage 1 Proposal.pptxPramod Kumar Srivastava
 
Saket, (-DELHI )+91-9654467111-(=)CHEAP Call Girls in Escorts Service Saket C...
Saket, (-DELHI )+91-9654467111-(=)CHEAP Call Girls in Escorts Service Saket C...Saket, (-DELHI )+91-9654467111-(=)CHEAP Call Girls in Escorts Service Saket C...
Saket, (-DELHI )+91-9654467111-(=)CHEAP Call Girls in Escorts Service Saket C...Sapana Sha
 
Spark3's new memory model/management
Spark3's new memory model/managementSpark3's new memory model/management
Spark3's new memory model/managementakshesh doshi
 
B2 Creative Industry Response Evaluation.docx
B2 Creative Industry Response Evaluation.docxB2 Creative Industry Response Evaluation.docx
B2 Creative Industry Response Evaluation.docxStephen266013
 
dokumen.tips_chapter-4-transient-heat-conduction-mehmet-kanoglu.ppt
dokumen.tips_chapter-4-transient-heat-conduction-mehmet-kanoglu.pptdokumen.tips_chapter-4-transient-heat-conduction-mehmet-kanoglu.ppt
dokumen.tips_chapter-4-transient-heat-conduction-mehmet-kanoglu.pptSonatrach
 
VIP Call Girls in Amravati Aarohi 8250192130 Independent Escort Service Amravati
VIP Call Girls in Amravati Aarohi 8250192130 Independent Escort Service AmravatiVIP Call Girls in Amravati Aarohi 8250192130 Independent Escort Service Amravati
VIP Call Girls in Amravati Aarohi 8250192130 Independent Escort Service AmravatiSuhani Kapoor
 
High Class Call Girls Noida Sector 39 Aarushi 🔝8264348440🔝 Independent Escort...
High Class Call Girls Noida Sector 39 Aarushi 🔝8264348440🔝 Independent Escort...High Class Call Girls Noida Sector 39 Aarushi 🔝8264348440🔝 Independent Escort...
High Class Call Girls Noida Sector 39 Aarushi 🔝8264348440🔝 Independent Escort...soniya singh
 
VIP High Profile Call Girls Amravati Aarushi 8250192130 Independent Escort Se...
VIP High Profile Call Girls Amravati Aarushi 8250192130 Independent Escort Se...VIP High Profile Call Girls Amravati Aarushi 8250192130 Independent Escort Se...
VIP High Profile Call Girls Amravati Aarushi 8250192130 Independent Escort Se...Suhani Kapoor
 
{Pooja: 9892124323 } Call Girl in Mumbai | Jas Kaur Rate 4500 Free Hotel Del...
{Pooja:  9892124323 } Call Girl in Mumbai | Jas Kaur Rate 4500 Free Hotel Del...{Pooja:  9892124323 } Call Girl in Mumbai | Jas Kaur Rate 4500 Free Hotel Del...
{Pooja: 9892124323 } Call Girl in Mumbai | Jas Kaur Rate 4500 Free Hotel Del...Pooja Nehwal
 
Beautiful Sapna Vip Call Girls Hauz Khas 9711199012 Call /Whatsapps
Beautiful Sapna Vip  Call Girls Hauz Khas 9711199012 Call /WhatsappsBeautiful Sapna Vip  Call Girls Hauz Khas 9711199012 Call /Whatsapps
Beautiful Sapna Vip Call Girls Hauz Khas 9711199012 Call /Whatsappssapnasaifi408
 

Recently uploaded (20)

代办国外大学文凭《原版美国UCLA文凭证书》加州大学洛杉矶分校毕业证制作成绩单修改
代办国外大学文凭《原版美国UCLA文凭证书》加州大学洛杉矶分校毕业证制作成绩单修改代办国外大学文凭《原版美国UCLA文凭证书》加州大学洛杉矶分校毕业证制作成绩单修改
代办国外大学文凭《原版美国UCLA文凭证书》加州大学洛杉矶分校毕业证制作成绩单修改
 
Industrialised data - the key to AI success.pdf
Industrialised data - the key to AI success.pdfIndustrialised data - the key to AI success.pdf
Industrialised data - the key to AI success.pdf
 
Delhi Call Girls CP 9711199171 ☎✔👌✔ Whatsapp Hard And Sexy Vip Call
Delhi Call Girls CP 9711199171 ☎✔👌✔ Whatsapp Hard And Sexy Vip CallDelhi Call Girls CP 9711199171 ☎✔👌✔ Whatsapp Hard And Sexy Vip Call
Delhi Call Girls CP 9711199171 ☎✔👌✔ Whatsapp Hard And Sexy Vip Call
 
Ukraine War presentation: KNOW THE BASICS
Ukraine War presentation: KNOW THE BASICSUkraine War presentation: KNOW THE BASICS
Ukraine War presentation: KNOW THE BASICS
 
Market Analysis in the 5 Largest Economic Countries in Southeast Asia.pdf
Market Analysis in the 5 Largest Economic Countries in Southeast Asia.pdfMarket Analysis in the 5 Largest Economic Countries in Southeast Asia.pdf
Market Analysis in the 5 Largest Economic Countries in Southeast Asia.pdf
 
Building on a FAIRly Strong Foundation to Connect Academic Research to Transl...
Building on a FAIRly Strong Foundation to Connect Academic Research to Transl...Building on a FAIRly Strong Foundation to Connect Academic Research to Transl...
Building on a FAIRly Strong Foundation to Connect Academic Research to Transl...
 
RadioAdProWritingCinderellabyButleri.pdf
RadioAdProWritingCinderellabyButleri.pdfRadioAdProWritingCinderellabyButleri.pdf
RadioAdProWritingCinderellabyButleri.pdf
 
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdfKantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
Kantar AI Summit- Under Embargo till Wednesday, 24th April 2024, 4 PM, IST.pdf
 
PKS-TGC-1084-630 - Stage 1 Proposal.pptx
PKS-TGC-1084-630 - Stage 1 Proposal.pptxPKS-TGC-1084-630 - Stage 1 Proposal.pptx
PKS-TGC-1084-630 - Stage 1 Proposal.pptx
 
Saket, (-DELHI )+91-9654467111-(=)CHEAP Call Girls in Escorts Service Saket C...
Saket, (-DELHI )+91-9654467111-(=)CHEAP Call Girls in Escorts Service Saket C...Saket, (-DELHI )+91-9654467111-(=)CHEAP Call Girls in Escorts Service Saket C...
Saket, (-DELHI )+91-9654467111-(=)CHEAP Call Girls in Escorts Service Saket C...
 
E-Commerce Order PredictionShraddha Kamble.pptx
E-Commerce Order PredictionShraddha Kamble.pptxE-Commerce Order PredictionShraddha Kamble.pptx
E-Commerce Order PredictionShraddha Kamble.pptx
 
Spark3's new memory model/management
Spark3's new memory model/managementSpark3's new memory model/management
Spark3's new memory model/management
 
B2 Creative Industry Response Evaluation.docx
B2 Creative Industry Response Evaluation.docxB2 Creative Industry Response Evaluation.docx
B2 Creative Industry Response Evaluation.docx
 
dokumen.tips_chapter-4-transient-heat-conduction-mehmet-kanoglu.ppt
dokumen.tips_chapter-4-transient-heat-conduction-mehmet-kanoglu.pptdokumen.tips_chapter-4-transient-heat-conduction-mehmet-kanoglu.ppt
dokumen.tips_chapter-4-transient-heat-conduction-mehmet-kanoglu.ppt
 
VIP Call Girls in Amravati Aarohi 8250192130 Independent Escort Service Amravati
VIP Call Girls in Amravati Aarohi 8250192130 Independent Escort Service AmravatiVIP Call Girls in Amravati Aarohi 8250192130 Independent Escort Service Amravati
VIP Call Girls in Amravati Aarohi 8250192130 Independent Escort Service Amravati
 
High Class Call Girls Noida Sector 39 Aarushi 🔝8264348440🔝 Independent Escort...
High Class Call Girls Noida Sector 39 Aarushi 🔝8264348440🔝 Independent Escort...High Class Call Girls Noida Sector 39 Aarushi 🔝8264348440🔝 Independent Escort...
High Class Call Girls Noida Sector 39 Aarushi 🔝8264348440🔝 Independent Escort...
 
VIP High Profile Call Girls Amravati Aarushi 8250192130 Independent Escort Se...
VIP High Profile Call Girls Amravati Aarushi 8250192130 Independent Escort Se...VIP High Profile Call Girls Amravati Aarushi 8250192130 Independent Escort Se...
VIP High Profile Call Girls Amravati Aarushi 8250192130 Independent Escort Se...
 
Russian Call Girls Dwarka Sector 15 💓 Delhi 9999965857 @Sabina Modi VVIP MODE...
Russian Call Girls Dwarka Sector 15 💓 Delhi 9999965857 @Sabina Modi VVIP MODE...Russian Call Girls Dwarka Sector 15 💓 Delhi 9999965857 @Sabina Modi VVIP MODE...
Russian Call Girls Dwarka Sector 15 💓 Delhi 9999965857 @Sabina Modi VVIP MODE...
 
{Pooja: 9892124323 } Call Girl in Mumbai | Jas Kaur Rate 4500 Free Hotel Del...
{Pooja:  9892124323 } Call Girl in Mumbai | Jas Kaur Rate 4500 Free Hotel Del...{Pooja:  9892124323 } Call Girl in Mumbai | Jas Kaur Rate 4500 Free Hotel Del...
{Pooja: 9892124323 } Call Girl in Mumbai | Jas Kaur Rate 4500 Free Hotel Del...
 
Beautiful Sapna Vip Call Girls Hauz Khas 9711199012 Call /Whatsapps
Beautiful Sapna Vip  Call Girls Hauz Khas 9711199012 Call /WhatsappsBeautiful Sapna Vip  Call Girls Hauz Khas 9711199012 Call /Whatsapps
Beautiful Sapna Vip Call Girls Hauz Khas 9711199012 Call /Whatsapps
 

Evolving Big Data Strategies: Bringing Data Lake and Data Mesh Vision to Life

  • 1. Evolving Big Data Strategies: Bringing Data Lake and Data Mesh Vision to Life 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. Today's transactional data systems run between data warehouses and operational databases like Oracle, Microsoft SQL Server, or PostgreSQL. On the contrary, machine learning (ML) and analytics have usually occurred in data lakes or data warehouses. While this can indicate that the organization is on the right track, they can probably notice a rise in costs related to ETL (extract, transform and load), data access, and data management. 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?
  • 2. Organizations can perform near real-time analysis on operational databases, such as SQL server-based databases, or non-SQL DB, such as Cosmos DB. Gartner Inc. defined this framework as hybrid transactional/analytical processing (HTAP). Many cloud providers are investing in tools to simplify this integration. In addition, if the organization has a data catalog, it can contain all the data in the data lake, allowing users to discover and use the data without needing IT resources. 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
  • 3. innovations to upend the traditional data models, requiring laggards to reimagine the aspects of data architecture. Understanding Data Management Architecture Data architecture specialists are familiar with the emerging concept of data lakehouse and data mesh. While a data lakehouse refers to different formats of data storage, analysis, and queries, Data Mesh encompasses a series of concepts connected to data management in a decentralized and large-scale manner. These data architectures are enabling organizations to democratize the use of data within operations. It is also assisting them in managing data in a more flexible pattern than ever before. 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. Read more: The Rise of a Data-Driven Work Environment: What Do Enterprises Need to Know Organizations are shifting to an easy-to-use experience where the data workload is purpose-built while being deeply integrated. The potential evolution of the data architecture forms the basis of the
  • 4. data lakehouse introduced. It proposes the idea that a single data lakehouse is capable of supporting machine learning and analytics in the same place while avoiding silos. With a single data lakehouse, organizations can reduce data duplication, thus facilitating a more effective usage of ML across their data operations. Data Mesh Data mesh is emerging as a preferred data strategy by organizations. A domain-driven analytical data architecture, data mesh, helps businesses in facilitating data democratization as data is becoming a company’s product, and data products have different data product patterns. Data Mesh functions on a socio-technical paradigm that works on four principles: • Principle of Domain Ownership - decentralization and distribution of data responsibility to those who are closest to the data. • Principle of Data as a Product - the analytical data delivered is treated as a product, and the consumers are treated as customers. • Principal of the Self-serve Data Platform - self-serve data platform services that enable domains’ cross-functional teams to transfer data. • Principal of Federated Computational Governance - a decision-making model for data product owners and data platform product owners that provides them the autonomy as well as the domain-local decision-making power to create and adhere to a set of global rules. For example: If a marketing business unit (BU) is looking to publish a data product that defines the company’s top-selling products. On the contrary, the operations BU also wanted to build demand-
  • 5. like models, considering the mentioned top-selling products data as input. With data mesh, the team will not have to transfer the data between business units and create a disconnected copy. Instead, they can just subscribe to the marketing data product and utilize it in their analysis. 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. Read more: What Is Data Democratization? How is it Accelerating Digital Businesses? The Process of Implementation and Evolution Implementing data lakehouse and data mesh as a part of the organization’s big data strategy is a journey. And organizations should embark on this journey without impacting their existing business operations. For smooth incorporation of these data components, businesses can undertake the following steps:
  • 6. • Defining the desired future state by aligning business goals, people development, and the evolution of processes. • Undertaking a data state assessment to identify the organization’s current state. • Performing a gap analysis to quantify the difference between the current and desired state, recognize opportunities, and design an actionable road map. • Estimating different data lake options and performing a pilot with a use case that involves data engineers and data scientists. • Processing data in place. Instead of employing a traditional ETL for data movement into a data lakehouse, businesses can opt for a TEL (transform, extract and load) to process the data within the distributed data store. • Establishing a data-driven culture plan that involves the board of directors as stakeholders.
  • 7. • Deploying the data mesh foundation services to create the first data products. • Formulating data governance services like data catalog, data usage detection, and data classification. 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. • These data and analytics trends will authorize organizations to anticipate change and manage uncertainty. • Investing in trends most relevant to the organization can help in meeting the CEO’s priority of returning to and accelerating growth. • 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.
  • 8. Organizations are now evolving their data architecture by evaluating and integrating data lakehouse as well as data mesh when required. To implement modern analytics and data governance at scale, organizations must align their technology, people, and processes to evolve as an intelligence-driven enterprise. With a presence in New York, San Francisco, Austin, Seattle, Toronto, London, Zurich, Pune, Bengaluru, and Hyderabad, SG Analytics, a pioneer in Research and Analytics, offers tailor-made services to enterprises worldwide. A leader in Data Modernization, SG Analytics offers an in-depth domain knowledge and understanding of the underlying data with expertise in technology, data analytics, and automation. Contact us today if you are looking to understand the potential risks associated with data and develop effective data strategies and internal controls to avoid such risks.