Why Your Business Needs a Data Lake?

Improvements in customer interactions, increase in operational efficiencies and better business growth are just a few reasons why your business needs a data lake. Read this blog post to find out more about the benefits your business can reap from a data lake.

Did you know that if you successfully generate business value from you data, you would outperform your peers? Recent surveys have revealed that organizations that implemented a data lake are sure to outperform their rivals by an increase in revenue growth. By acting on the data stored in their data lakes, organizations were able to identify and seize the opportunities for business growth, retain customers, attract new customers, boost productivity, maintain devices and make informed business decisions.

Data lakes can enable you to import any amount of data in real-time. This feature enables you to scale data of any size, while saving on time to define data structures and schema. With a data lake, both relational and non-relational data can be easily stored. With crawling, cataloging and indexing of data, you can understand the data that is stored in the data lake. Data developers, data scientists and business analysts can all access the data lake with ease. Data lakes enable business to run analytics without the need to move the data to separate analytics system. Different types of insights, along with historical data can be generated and models can be built to forecast likely outcomes, along with a set of actions to achieve the required results.

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