Digital technologies ranging from transaction processing to analytics and AI/ML use data to help enterprises understand their customers better. And the pace of innovation has naturally accelerated as organizations learn, adapt, and race to build the next generation of applications and services to compete for customers and meet their needs. At Next 2022, we made a prediction that
the barriers between transactional and analytical workloads will mostly disappear.
Traditionally, data architectures have separated transactional and analytical systems—and that’s for good reason. Transactional databases are optimized for fast reads and writes, and analytical databases are optimized for analyzing and aggregating large data sets. This has siloed enterprise data systems, leaving many IT teams struggling to piece together solutions. The result has been time consuming, expensive, and complicated fixes to support intelligent, data-driven applications.
But, with the introduction of new technologies, a more time-efficient and cost-effective approach is possible. Customers now expect to see personalized recommendations and tailored experiences from their applications. With hybrid systems that support both transactional and analytical processing on the same data, without impacting performance, these systems now work together to generate timely, actionable insights that can be used to create better experiences and accelerate business outcomes.
According to a
2022 research paper from IDC, unifying data across silos via a data cloud is the foundational capability enterprises need to gain new insights on rapidly changing conditions and to enable operational intelligence. The modern data cloud provides unified, connected, scalable, secure, extensible, and open data, analytics, and AI/ML services. In this platform,
everything is connected to everything else.