Automation has become the key for businesses to drive success. While addressing the need to adapt to smart and more advanced digital environments, data fabric has soon emerged as an essential asset for businesses to secure and manage big data available on the cloud.
According to Exploding Topics statistics on cloud computing, it was observed that the total volume of data is predicted to reach a whopping 200 ZB by 2025 with nearly 60% of the world’s corporate data stored on the cloud.
The past decade has witnessed immense potential after the advent of the cloud, integration of emerging technologies including artificial intelligence, as well as the need to manage big volumes of data. As the demand for cloud services expands rapidly, data fabric systems are becoming even more important.
What is Data Fabric & What Lucrative Opportunities is it Directing?
With multiple definitions of data fabric available due to its wide usage and application, it can be defined as a set of data services that provide resources to a variety of endpoints using cloud environments or on-premises cloud infrastructures.
Nowadays, data fabric has transformed into a more intelligent agent to explore industry data models and knowledge graphs. With a growing need to convert raw unorganized data into meaningful insights, a powerful data fabric helps businesses to make more profitable decisions. As we expand the digital landscape, there is a need to protect business data from being compromised or stolen.
That’s where data fabric comes into play. Since cybercrime is finally motivated, hackers constantly try to gather sensitive data of the companies to sell it on the dark web or threaten to do so by demanding a ransom.
Benefits of Data Fabric for Businesses in Today’s Digital World
Data fabric is a platform which enables companies to gather, process, and evaluate data from various sources. Data fabrics have many advantages, such as the capacity to support in-the-moment data analysis, enhance decision-making, and boost organizational effectiveness. Let’s take a look at these in detail:
- Smart Data Management: Since data can be stored on-premises, in multiple clouds, or in a hybrid setting, a well-designed data fabric architecture also has the capacity to support large-scale operations. Organizations can keep data where it is most useful and economical without sacrificing access owing to well-designed and built data fabric architecture.
- Automated Data Integration: Localized protection and administration makes it possible for businesses to guarantee governance and security guidelines are followed, regardless of where the data is being viewed. Additionally, you can develop comprehensive data management rules for enterprise-wide governance and security at the same time.
- Improving Security & Efficiency: With automated pipeline management, data is processed swiftly and effectively, saving a lot of time. Users who use automated pipeline management can examine their data in real-time from all angles. For instance, a data fabric offers a comprehensive view with access to all the data points, allowing users to better understand their customers or supply networks.
Brands Providing Data Solutions for Delivering Data Fabric Facilities
Data fabric has witnessed an increase in volume and variety of business data. Furthermore, the growing demand for business accessibility and agility is propelling growth for data fabric systems in recent times. Here are a few instances of brands providing integrated data solutions aimed at delivering data fabric systems to companies:
- In March 2023, an updated version of Modak Nabu, an integrated modern data architecture platform, released its integrated data engineering solutions to allow businesses to deliver data fabric at scale.
- In October 2022, Informatica announced its involvement as a partner of Microsoft Intelligent Data Platform Partner Ecosystem. This was aimed at improving operations of both the companies with the help of AI-enabled data fabric systems and ensuring governance of data.
- In July 2022, IBM acquired Databand.ai to help the brand in fixing issues related to data management, diagnosing errors or possible failures, while also predicting performance complications before they affect the business at a large scale.
Data Fabric: Intricately Managing Cyber Threats
Promising high growth potential and multiplied return on investment, data fabric systems are capable of not just improving the efficiency of business processes but also for mitigating cyber security threats. With cybercrime surging up to $10.2 billion in the year 2022, it’s become essential for businesses to protect their data assets available on the cloud servers.
By offering simplified system integrations and improved data management of companies, data fabric architectures allow a unique approach for integrating data sources in a virtualized layer, such as the cloud server. Businesses can easily gain a unified view of all their different systems, catering to enhanced data governance.