How Data Fabric helps businesses drive data-driven decisions?

In today's increasingly diverse and complex environment, business leaders know the importance of adopting a data-driven strategy to keep up with the speed of the market and changing customer demands. Beyond collecting data to know who their customers are and what they need, the real challenge for organizations is to extract value from that data to make faster, informed business decisions. This has led to an increasing interest in Data Fabric, an emerging Data Management approach that allows organizations to access, integrate, and analyze data that comes into play.

Extracting insights from Data becomes a challenge

A few years ago, most of the companies used to store their data on-premises or on a single cloud. However, with increasing data volume, companies are now shifting to multi-cloud environments to leverage different cloud capabilities. With data getting distributed to multiple clouds and stored in on-premise data sites, it’s challenging for organizations to govern, interpret, and manage data to make critical business decisions.?

Data Fabric; An approach to become a data-driven organization

The data landscape is constantly changing with new sources and formats of data, as well as increasing security and compliance requirements. A data fabric is a unified data management architecture designed to understand different types of data, thereby effectively managing how that data needs to be handled. With automation and embedded AI capabilities, it supports designing, deployment, and utilization of integrated data across all environments.

• Smart Integration: A data fabric unifies data across all data types and endpoints, eliminating the complexity of implementing integration between individual data silos and improving the data quality
• Faster time-to-market: Data fabric streamlines the data integration by unifying your data sources. With a streamlined data integration process, new applications that require access to multiple data sources can be developed faster and easier.
• Better Insights: Data Fabric provides a single, unified view of all the data, providing businesses insights into operational performance, customer behavior, and market trends. This enables businesses to make data-driven decisions that lead to better results.
• Improved Data Governance: With all your data in one place, you can know exactly how it is being used across the organization and take action to lock where it doesn’t need to be exposed. You can also establish clear rules in a data fabric, including who can view, enter, and edit data.?
• Reduces Costs: A Data Fabric reduces the costs associated with data management by consolidating your data into a single platform, thereby saving your time and money.
• ?Innovation: Data Fabric architectures allow a single, consistent view of data, enabling organizations to quickly develop new applications, services, and products that wouldn’t be not possible otherwise. This drives innovation and growth across each project.

Data is the fuel that drives business growth. But, as businesses generate, collect, and store more data, they face new challenges in utilizing it effectively. A data fabric is a great way to effectively manage the variety and complexity of your data to meet your business needs and gain a competitive advantage. It gives a holistic picture of your business and lets you explore and analyze trusted, governed data, eventually helping you uncover actionable insights that improve your business.