Companies are interacting with the ever-increasing volume of information. Data has value creation, and businesses that are effective in producing it will stay ahead of their competitors. For some companies who completely rely on the data assets, complexities in the data can definitely disrupt the output of the business.
Traditional methods are outdated because today most organizations are preferring to handle the data in an integrated environment. Here comes the data lake which helps in overcoming all the obstacles faced by the traditional methods of handling the data volumes.
What are Data lakes?
Data lakes is a centralized database that allows users to manage raw data in its initial form, such as unorganized, semi-structured, or structured data, at scale. It enables businesses to make better business decisions by creating visualizations and workflows, as well as performing big-data computation, machine learning, and real-time automation.
Data lakes serve as the major building blocks for big data architecture. But finding out the perfect data lake can be a daunting task.
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Next, we are going to learn about the benefits of the data lakes.
Benefits of the data lakes
Selecting the perfect data lakes service will help organizations to benefit in an enormous way. They are:
- Improved customer communication: Integrating customer data from a customer relationship management (CRM) system with data analytics assists in identifying its most financially viable cohort, potential factors that cause employee turnover, incentives and rewards that may induce customer satisfaction, etc.
- Improve R&D: Data lakes allow R&D professionals to evaluate their ideas, reformulate assertions, and compare outcomes.
- Improved production utilization: According to Aberdeen, up to 43 per cent of companies study say that creating an effective lake enhanced their business performance. It makes it easier to collect data from the Internet of Things (IoT) devices, as well as execute research to assess ways to reduce production costs and improve productivity, among many other things.
- Become data-driven: A data lake guides in the unification and analysis of information from different sources, allowing for greater insight and much more reliable data. It, in conjunction with Artificial Intelligence (AI) and real-time analytics, allows associations to capitalize on unique opportunities as they evolve.
Data lake Architecture
Building a great data lake on-premise or in the cloud, with different users delivering cloud-based services. Even when data lakes were originally conceived on-premises using HDFS clusters, businesses are moving their information to the cloud as infrastructure-as-a-service (IaaS) becomes much more trendy.
An on-premise data lake not without its own variety of problems. Firms must deal with the difficulty of creating their own web applications, as well as continuing planning and organizational costs in addition to the monthly financing in servers and storage equipment.
In addition, those who must add custom and install servers in order to enlarge a data lake to satisfy more customers or enhance information volume.
A data lake in the cloud, on the other hand, has several huge benefits. However, when choosing this method of deployment, firms must understand several important design elements.
Scalability and Reliability: A data lake must be customizable because it serves as a centralized data repository for an entire company. This component will assist in scaling data to any size even when sourcing it in real-time.
Supports varieties of data: A data lake’s capacity to retain unorganized, semi-structured, and structured data is one of the most key design factors. This adaptability empowers organizations to move something from raw, raw information to completely analyze models.
Independent of fixed schema: Organizations should ensure that their data lake can store all information that does not comply with an architecture. Somewhat less, information must be processed and adjusted into a schema only if it is interpreted during storage. This can save companies a huge amount of time.
Security: A data lake’s security is a top primary concern, just like any other cloud-based deployment. Encryption, network-level security, and access control are the three attributes of security that are appropriate to a data lake in the cloud.
A metadata storage capability must be included in a data lake architecture to allow people to browse and gain knowledge about the data sets in the lake. Implementing a metadata demand and optimizing metadata creation are two key principles to bear in mind to make sure metadata is established and sustained.
A data lake would provide some key benefits, such as significantly faster outcomes and reduced storage, endorsement for unorganized, semi-structured, and data formats, and more. However, in order to satisfy enterprise-wide needs to understand, companies must develop a proper information lake architectural design.