Adopting open architecture for robust data strategy

July 17, 2024

As the world’s economy grapples with continuous challenges and uncertainty remains the prevailing theme, data emerges as the modern-day fuel, powering enterprises across various sectors. Data and analytics have a pivotal role in helping companies not only manage and alleviate risks but also discover opportunities for adjustment and expansion. Transitioning to data-centric business models is at the heart of the digital transformation wave that continuously impacts every industry throughout 2023 and beyond.

Therefore, the right data storage solution is critical in meeting a business’s requirements. At its core, a data storage system’s role is to securely store valuable data that can be easily accessed and retrieved on demand.

However, as data volume continues to expand and stack up, the need for businesses to increase their storage capacity has grown. The situation gets complicated when data warehouse providers preserve data in their unique, proprietary format. This locks the data into a specific platform, making it a costly challenge to extract when needed by a business. Organisations can quickly fall into a downward spiral while adding more data to their systems given the myriad of data storage options and system configurations – an approach far from efficiency.

Read the full article, via Compare the Cloud.

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