Data and Analytics - eBook (EN)

Creating a Modern Analytics Architecture

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3 CREATING A MODERN ANALY TICS ARCHITECTURE analytics What are the barriers to getting to the data you need? We hear from organizations all the time that they are looking to extract more value from their data but struggle to capture, store, and analyze all the data generated by today's modern and digital businesses. Data is growing exponentially, coming from new sources, increasingly diverse, and needs to be securely accessed and analyzed by any number of applications and people in shorter and shorter periods of time. The size, complexity, and varied sources of the data mean the same technology and approaches that worked in the past don't work anymore. As the amount of data accumulates, customers store it in different silos, making it difficult to perform analytics. To make it easier, customers want all of their data in a single repository, i.e., a data lake. Organizations need to store data securely at any scale and at low cost, using the standards-based data formats of their choice. They want the flexibility to analyze the data in a variety of ways, using a broad set of analytic engines to ensure their needs will be met for their present and future analytics use cases. They also need to go beyond insights, from operational reporting on historical data to being able to perform real-time analytics and machine learning in order to accurately predict future outcomes.

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