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Analysis Study Research Paper | Information Technology | United States of America | Volume 13 Issue 7, July 2024 | Popularity: 4.8 / 10

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Finding the Right Data Analytics Platform for Your Enterprise

Laxminarayana Korada, Vijay Kartik Sikha, Satyaveda Somepalli

Abstract: While data is an asset for businesses, the rapid increase in data generation presents challenges in storage, management, and processing. The proliferation of IoT devices, modernization of legacy applications, a global user base of 4.9 billion social media users (Wong, 2023), and the rise of 5G mobile applications generate vast amounts of unstructured or semi-structured data. While reliable and cost-effective storage solutions exist, enterprises rely on dedicated teams led by a Chief Data Officer (CDO) to manage and optimize data. Centralized data models give these teams authority over data management, while decentralized models allow for organization-level strategies with delegated management. Developing in-house solutions for data organization and analysis, which can reach petabytes or exabytes, is challenging. Numerous platforms, such as Microsoft Fabric, AWS Analytics, Oracle Data Analytics, and Google Analytics, streamline transforming raw data into actionable insights. CDO is crucial in establishing data governance and management policies that support AI adoption, ensure security, and align with open standards. Data analytics guides businesses towards their vision, and choosing the right platform enhances its impact.

Keywords: Data, data centralization, decentralized data, analytic platforms, role of chief data officer

Edition: Volume 13 Issue 7, July 2024

Pages: 1286 - 1291

DOI: https://www.doi.org/10.21275/SR24724111547

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