Business Intelligence and Snowflake Data Lake are making things possible for the Business Owners


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One thing is certain: data analytics will continue to gain traction in the coming years and will be at the middle of limitless innovative technological solutions. The importance of Corporate Intelligence (BI) and Analytics in business planning has now surpassed that of strategy. But, in the next years, how will business analysis evolve? How will today’s version of business intelligence and data analytics change over time, and how can you use new resources to keep your firm competitive?

Companies that are effective in generating business value from their data outperform their competitors. Data Lake is a centralized repository that can hold both organized and unstructured data at any scale. You may use dashboards and visualizations to assist smarter decisions, as well as big data processing, real-time analytics, and machine learning.

Physical storage is the basis of every data lake design and execution. The major data assets are stored in the core storage layer. It usually contains unprocessed or weakly processed data. The following concepts and needs should be taken into account while assessing cloud-based data lake storage technologies:

Unimaginable Scalability

Because Snowflake data lake is typically meant to serve as the main data repository for a whole division or the firm as a whole, it must be scalable without hitting set arbitrary capacity limitations.

The core storage layer’s strong durability provides for exceptional data resilience without resorting to severe high-availability solutions as a key repository of vital corporate data.

The capacity to store data of various sorts in a single repository is one of the most important architectural concerns for a Snowflake data lake.

Lack of reliance on a set of rules

Only if the underlying core storage layer does not mandate a preset schema may be applied on reading as needed for each consuming purpose.

Separate storage from computing

The ability to separate storage from computing, allowing each to scale independently, is the most major conceptual and practical benefit of cloud-based data lakes over “traditional” big data storage on Hadoop. Object-based stores have been the de facto solution for core data lake storage due to the requirements. Object storage is available from AWS, Google, and Azure.

The goal of core storage is to concentrate all forms of data with little to no schema structure enforced. A Snowflake data lake, on the other hand, will usually contain extra “layers” on top of the main storage. This allows the original data to be kept virtually unchanged, while the extra layers will generally have some structure added to them to aid with data consumption, such as reporting and analysis.

Data Warehousing

You may need to conduct SQL queries on petabytes of data and deliver sophisticated analytical findings extremely rapidly for some specific use cases (think high-speed data warehouses). In certain instances, a piece of your data from your lake may need to be ingested into a column store platform. Google BigQuery, Amazon Redshift, and Azure SQL Data Warehouse are some examples of tools that can help with this. India Snowflake companies like Ducima Analytics provide you the best solution to implement Data lake to your business and make sure the growth of your business.