Analyzing the vital role of enterprise data lake in the era of digital transformation

Abstract

Gathering various data for analyzing and decision-making has been relatively easy for enterprises. But the issue of managing and storing these data collected has been the major issue faced by enterprises at all levels. The emergence of data warehouses and enterprise data lakes has helped resolve the issue of dealing with data silos and deriving value from the unlimited size and data types. Data lakes not only provide various technological benefits but also democratize data with better scalability and versatility. Unlike data warehousing, a data lake helps in real-time decision analytics and provides more ways to analyze data. This paper focuses on the important role enterprise Data Lake plays today to overcome big data challenges and drive this digital transformation era and how building an enterprise data lake can transform the business paradigm. It also discusses the market overview and growth of data lakes with the future scope and the challenges and opportunities arising with the growth of enterprise data lakes.