Why is Data Modernization Key to a Winning Data Strategy?

With world economies becoming more complex and intertwined, the amount of data generated, stored, and used globally has increased exponentially, reaching a staggering 59 zettabytes in 2020. Therefore, adopting a modern data architecture that can cope with the growing data volumes is a competitive necessity for enterprises today. 
For most organizations, the evolution of data architecture has been largely guided by shifts in operational and business requirements. However, there are some key aspects of data modernization that are common across businesses. For instance, the need to improve traditional use cases and make them more cost-efficient. In addition, this new generation of data architecture rests primarily on a few shared data management tools. These include the classical data warehouse, data lake, and real-time streaming.
But whatever the industry or the use case, the path to modernizing the data architecture involves revolutionizing data-centric technology. This includes migr…

Written By: Nitin Kumar

Original Article: https://readwrite.com/2021/10/22/why-is-data-modernization-key-to-a-winning-data-strategy/

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