July 31, 2023
“Basic knowledge of data warehouse, data lake, data virtualization, enterprise data fabric and smart data fabric is of great importance for managers because these concepts and technologies have a direct impact on the effective use of data and the strategic direction of an organization. “
says Claus Michael Sattler, author of this book. In this book, he describes the different technologies in such clear German that every reader can understand them well and clearly even without technical knowledge. Which of the following five data architectures should be chosen for the company depends on the use case. The cost of modifying a system once implemented can be many times higher than the cost of implementation. Therefore, choosing the right data architecture is of particular importance for the company, the manager and the company.
A basic understanding of data warehouse technology enables entrepreneurs and managers to create a central data infrastructure that enables them to collect, integrate and analyze data from different sources. This promotes a consistent and comprehensive view of business data, which in turn enables better decisions and data-driven strategies.
Understanding the technology of the data lake also plays a crucial role for the entrepreneur and manager. The data lake provides a flexible and scalable platform for storing large amounts of raw data. Businesses can leverage the data lake to build a rich data foundation that serves as the foundation for future analytics, machine learning, and advanced data processing.
Data virtualization is of great importance when data from different sources must be accessible without having to be physically merged into a central data repository. This makes it easier for entrepreneurs and managers to access more up-to-date information and integrate data into various systems and applications.
The understanding of an enterprise data fabric will dominate the coming years as much as the understanding of the data warehouse has since the 1990s. An enterprise data fabric is an integrated platform that seamlessly brings together disparate data architectures and data technologies in real time. This enables entrepreneurs and managers to implement unified data access solutions and integration solutions across the enterprise that cover the entire data lifecycle while ensuring scalability, agility and security.
Finally, understanding Smart Data Fabric enables entrepreneurs and managers to use advanced analytics, machine learning and artificial intelligence in real-time to extract valuable insights from the data and create innovative business strategies. Smart Data Fabric enables automated data processing, data analysis and data interpretation, leading to better, data-backed management decisions and significantly will lead to faster reaction times in the respective industries and markets.
Overall, entrepreneurs and managers who have the knowledge of these different data architectures, concepts and technologies can run their organizations in a data-driven way, develop more effective strategies and thus achieve significant competitive advantages. The ability to efficiently collect, manage, even data in real time to analyzing and then immediately using it for management decisions is becoming an indispensable success factor in today’s digital business world.
Claus Michael Sattler is a consultant, interim manager, author, keynote speaker and university lecturer on the following topics:
Claus Michael Sattler lectured as an university lecturer as part of the international EMBA course at the International Graduate Center (IGC) of the Bremen University of Applied Sciences and as a guest lecturer at the International Institute for Management Development (IMD) in Lausanne, Switzerland, and at the WHU – Otto Beisheim School of Management in
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