The Data Lake as an Integral Part of the Modern Data Architecture
Data lakes have enormous potential as a source of business intelligence when included as part of an advanced open data architecture. Organizations use data lakes to efficiently store and process a combination of structured, semi-structured and unstructured data at scale, powering multiple business intelligence and data science initiatives to support a variety of business units across an organization. They are fundamentally important to business transformation and modernization projects in the transition to being more data driven.
Our research shows that nearly three-fifths (59%) of organizations have gained competitive advantage from data lake initiatives. Nearly one-half (49%) have realized improved customer experience and lower costs (45%); better communication and knowledge sharing as well as faster response to opportunities and threats were also mentioned benefits.