Purpose of a data lake
If your company is a bootstrap start-up that has a small client base, you might not need a data lake. However, even the smaller entities that adopt the data lake pattern in their data ingestion and consumption will be nimbler than their competitors. Especially if you already have other systems in place, adopting a data lake will come at a significant cost, so the benefits must clearly outweigh these costs, but in the long run, this might be the difference between crushing your competitors and being thrust into the pile of failed companies.
Some of the benefits of having a data lake are as follows:
- Increasing operational efficiency: Finding your data and deriving insights from it becomes easier with a data lake.
- Making data more available across organizations and busting silos: Having a centralized location will enable everyone in the organization to have access to the same data if they are authorized to access it.
- Lowering transactional costs...