At Synetec, many of our clients come to us with issues regarding data lake implementation. George Toursoulopoulos, CEO at Synetec, explores the top five challenges companies often face and provides insights on how these challenges can be effectively addressed.
A data lake is a centralised repository that allows companies to store all of their structured and unstructured data at any scale. Companies can store this data ‘as-is’ (without having to structure it first) and then run different types of analytics. This can range from dashboards and visualisations to big data processing, real-time analytics, and machine learning—to drive better decision-making.
Despite the clear benefits, companies can encounter significant issues when data is not properly managed. Here we outline the primary challenges that often arise, and provide solutions to help companies overcome them:
1. Data Volume Management
2. Data Source Integration
5. Infrastructure and Performance Optimisation
Beyond these five primary challenges, there are additional critical aspects that clients should consider:
· Data Governance and Security: Establish strong data governance policies to manage data access, security, privacy, and compliance, which is vital for ensuring the protection of sensitive data and adherence to regulations. Data lineage (tracking the origin of data) and auditing mechanisms ensure proper tracking of how data is used, especially in regulated industries.
· Scalability and Future-Proofing: Using best practices like horizontal scaling, micro services architecture and containerisation to ensure your data lake can handle growing data volumes, evolving business needs, and future technology shifts. We look at your long-term data volume, types of data, and user access needs. We choose the right data storage architecture and a flexible cloud-based platform. These challenges and solutions highlight the complexity and necessary strategic planning required for a successful data lake implementation. At Synetec, we drive better business decisions by providing your business with a centralised, flexible, and scalable environment.
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