Regeneron isn’t the one firm wanting to derive extra worth from its knowledge. Despite the large quantities of information they acquire and the quantity of capital they spend money on knowledge administration options, enterprise leaders are nonetheless not benefitting from their knowledge. According to IDC analysis, 83% of CEOs need their organizations to be extra knowledge pushed, however they battle with the cultural and technological modifications wanted to execute an efficient knowledge technique.
In response, many organizations, together with Regeneron, are turning to a brand new type of knowledge structure as a contemporary strategy to knowledge administration. In truth, by 2024, greater than three-quarters of present knowledge lake customers will likely be investing in the sort of hybrid “data lakehouse” structure to reinforce the worth generated from their amassed knowledge, in accordance with Matt Aslett, a analysis director with Ventana Research.
“Data lakehouse” is the time period for a contemporary, open knowledge structure that mixes the efficiency and optimization of an information warehouse with the flexibleness of an information lake. But reaching the pace, efficiency, agility, optimization, and governance promised by this know-how additionally requires embracing greatest practices that prioritize company objectives and assist enterprise-wide collaboration.
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