“We are living in an era of knowledge as a fundamental asset. Organizations that leverage data and information to create dynamic, productive experiences and superior services will be the winning companies of this age.” Javier García General Manager W&A. Data fabric is an architecture and a set of services that shorten and integrate data management.
What Is Data Fabric, and Why is Everyone Talking About It?
Data fabric is an emerging concept that will transform how we do things with data. Data fabric paves the way for truly effective data management solutions. Data fabric enables a unified data-access layer across the enterprise, improving both maintenance and the exchange of data, and these benefits can drive a more dynamic company.
Data fabric enables organizations to connect distributed sources of data and then deliver the integrated data in many different formats such as for business intelligence (BI), machine learning, or advanced analytics.
Data fabric can be deployed over a large enterprise to connect multiple data spaces, types, and sources, as it has built-in procedures for accessing each data source on behalf of the user.
10 Benefits of Data Fabric
Data fabric has many powerful benefits:
- At a strategic level, it accelerates the traffic of information between different areas of a company, facilitating innovation.
- It provides a single environment for accessing and gathering all data, without needing to know where it is located or stored, which eliminates information silos.
- It does not require code, as it can link to any data source through connectors and pre-packaged components.
- It supports real-time, batch, and big data.
- It enables companies to add new data sources, along with new technologies, without disrupting existing connections or implementations, future-proofing the data management infrastructure.
- It provides a 360-degree view of all interaction information, improving the customer experience.
- It reduces companies’ dependency on legacy systems infrastructure and solutions
- It supports increasing volumes of data, applications, and sources.
- It works seamlessly with existing infrastructure and enables companies to incrementally incorporate automation into the overall data management strategy.
- It seamlessly supports data exchange with internal and external stakeholders via APIs.
For all of these reasons, the data fabric market is projected to grow from $812 million in 2018 to more than $4,500 million in 2026, with a year-over-year growth rate of 22.3% until 2029.
What are Companies Looking for in a Data Fabric?
Companies need data fabric because they need data to be accessible to the users who need it, overcoming the obstacles of time, space, and different types of software; this is a priority for today’s organizations.
Having secure, efficient, and unified methods for integrating, processing, discovering, and transforming data, in combination with other sources, is a crucial part of gaining a competitive advantage to meet customer demands better.
Finally, they are leveraging data fabric to modernize their systems and harness the power of information in the cloud.
Should Organizations Start Implementing it?
Yes, without a doubt; organizations need to provide fast data and be able to quickly respond to business and customer needs, and data fabric provides these capabilities.
In conclusion, data fabric helps companies to gain the maximum value from their data and information, so they can achieve a strong competitive advantage and increase profitability.
- Data Fabric: The Fabric That Holds It All Together - July 7, 2022