Chapter 6. Data Storage Solutions and Processes
In the digital age, data has become the lifeblood of organizations. But, as any seasoned data professional knows, simply having data isn’t enough. The real value lies in how effectively this data is managed, stored, and processed. That’s why this chapter is a comprehensive guide to navigating the intricate world of data management. I’ll take an in-depth look at how data storage solutions and processes operate within diverse data architectures.
The components of data management are like gears in a complex machine; each fulfills a unique role, yet they all work synchronously to achieve a common goal. I’ll start with some of the most practical storage solutions: data marts, operational data stores, and data hubs. The second half of the chapter, “Data Processes”, reveals the broad spectrum of processes involved in managing and leveraging data effectively, examining concepts like master data management, data virtualization, data catalogs, and data marketplaces.
For instance, while data marts provide department-specific views of data, operational data stores offer a broader, real-time view of business operations. On the other hand, master data management ensures the consistency and reliability of data, with data virtualization providing a unified, abstracted view of data from various sources. The data catalog serves as the reference guide, making data discovery a breeze, while the data marketplace opens doors for data sharing or even monetizing. ...
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