Regeneron isn’t the one firm desirous to derive extra worth from its information. Regardless of the large quantities of knowledge they accumulate and the quantity of capital they put money into information administration options, enterprise leaders are nonetheless not benefitting from their information. In accordance with IDC analysis, 83% of CEOs need their organizations to be extra information pushed, however they battle with the cultural and technological adjustments wanted to execute an efficient information technique.
In response, many organizations, together with Regeneron, are turning to a brand new type of information structure as a contemporary method to information administration. In actual fact, by 2024, greater than three-quarters of present information lake customers shall be investing in any such hybrid “information lakehouse” structure to boost the worth generated from their amassed information, based on Matt Aslett, a analysis director with Ventana Analysis.
“Information lakehouse” is the time period for a contemporary, open information structure that mixes the efficiency and optimization of a knowledge warehouse with the flexibleness of a knowledge lake. However attaining the pace, efficiency, agility, optimization, and governance promised by this expertise additionally requires embracing greatest practices that prioritize company objectives and help enterprise-wide collaboration.
This content material was produced by Insights, the customized content material arm of MIT Expertise Overview. It was not written by MIT Expertise Overview’s editorial employees.
