Big data is a common term, but hasn’t been for that long. The growth of data, in all its forms, during the last five years has been frantic and left many organizations without a game plan. Inside Big Data brought this topic to us in their article, “Are Data Lakes Just Dumping Grounds?”
Finding a way to deal with big data has become big business. It is estimated that worldwide revenue for big data and business analytics will grow to more than $260 billion by 2022.
One solution was quickly embraced in the fury to find answers. Data lakes quickly emerged as a technology to make data more manageable. Data lakes are flexible, scalable and offer an easy solution to store data. They serve as central repositories for all types of data, including structured, semi-structured and unstructured.
Unfortunately, getting insight and value from so much data can be a bigger challenge than the data management.
Melody K. Smith
Sponsored by Access Innovations, the world leader in taxonomies, metadata, and semantic enrichment to make your content findable.