Accelerating Enterprise Data Fabric Initiatives

Today, businesses are demanding more from the growing volume and complexity of data they have available – to gain increased efficiency, manage risk, and deliver new high value services to their customers.

But for many organisations, the prevalence of data and application silos makes it difficult to gain full value from the data assets that are locked away in the organisation.

All these organisations are striving to provide a consistent, accurate, real-time view of their enterprise data assets to make better decisions. To improve their customers’ experiences. To move their businesses forward.

This is where smart data fabrics can help.

An enterprise data fabric is a new architectural approach that speeds and simplifies access to data assets across the entire business. It accesses, transforms, and harmonises data from multiple sources, on demand, to make it usable and actionable for a wide variety of business applications.

In fact, in a recent analyst report, Gartner¹ states that the enterprise data fabric “is the future of data management.”

Smart data fabrics take this approach one step further by embedding a wide range of analytics capabilities, including Generative AI, data exploration, business intelligence, natural language processing, and machine learning directly within the fabric.

This makes it faster and easier for organisations to gain new insights and to power intelligent, predictive and prescriptive services and applications.

By allowing existing legacy applications and data to remain in place, smart data fabrics enable organisations to maximise the value from their previous technology investments, including existing data lakes and data warehouses, without having to “rip-and-replace” any of their existing technology.

Smart data fabrics are being used in production today across many industries to power a wide variety of enterprise-level, mission-critical initiatives, including:

• Generative AI-enabled advisors and co-pilots
• Scenario planning and decision support
• Enterprise risk and liquidity management
• Regulatory compliance
• Business management reporting
• Wealth management
• Real-time visibility and alerting

^{[1] Gartner, Emerging Technologies: Data Fabric Is the Future of Data Management. 4 December 2020 – ID G00733652}