IT Brief Australia logo
Technology news for Australia's largest enterprises
Story image

Sink or swim: 5 tips to improving your Data Lake strategy

Tue 8 Nov 2016
FYI, this story is more than a year old

The Fourth Industrial Revolution is coming, and there’s no way for you to hit the pause button. Your data strategy might serve you just fine today, but can it keep up with the ever increasing digitisation of your industry?

There’s no doubt data is a competitive differentiator in today’s economy. The insights obtained from data provides executives with the ability to foresee issues, adapt business processes and provide an unprecedented level of customer service, ultimately improving bottom line results.

Gartner says Australian businesses are switching focus from Big Data to Advanced Analytics, with new technologies and new skillsets promising to drive business innovation. But Australian enterprises can’t hope to benefit from these trends without first ensuring their storage infrastructure is up to scratch and equipped to handle future data surges.

Enter the Data Lake, a single storage repository that holds your raw data in its native format and lets you store, manage, and analyse it with increased volume, security and speed. If you haven’t yet considered a Data Lake for your business, now is the time. We’ve compiled these top five tips to get you started.

Know what the future holds

By 2020 the digital universe will reach 44 trillion gigabytes. If you invest in storage and analytics technologies now, your business will be able to capitalise on the benefits of trends like the Internet of Things and Big Data and allow you to remain competitive. Australian businesses who cannot keep up with the ever-increasing rise in data are the ones who are most vulnerable. They will find themselves in the same position video and CD stores did when streaming and downloading became the norm. So take a good look at what the future holds for your organisation and honestly answer this question: are you about to be disrupted?

Have a firm grasp on the problem or opportunity you are facing

Just like any type of IT infrastructure, your Data Lake should be designed to meet the needs of your specific organisation and tailored to suit the requirements of the vertical market you serve.

CIOs and senior executives face a complex set of priorities when it comes to transforming IT infrastructure and should set clear goals when it comes to implementing a Data Lake. Maybe you need to lower costs or simplify management processes. Perhaps you need greater control over data protection or need to encompass data at edge locations. You can’t hope to resolve a problem or capitalise on an opportunity without first knowing what that problem or opportunity is. By understanding your own needs and setting realistic objectives, you’re better positioned to build a Data Lake that will work best for your organisation.

Eliminate data silos by investing in a single system

Traditionally, businesses will hire numerous specialists across various departments to capture, store, analyse, protect and manage their data. According to IDC, data silos within Asia Pacific organisations are raising IT costs and security risks and limiting the ability of organisations to make insight-based decisions.

A Data Lake allows you to eliminate these data silos and expand your IT capabilities by providing your whole organisation with a single, more cost effective storage system. When all of your structured, unstructured and external data sets are stored in one place you can extract the data you need as you need it and securely store the data you don’t require.

Embrace the cloud

As enterprises look to implement their Data Lake strategy, it is imperative they extend the Data Lake into the cloud. With the volume of data increasing, customers need to optimise costs and implement a solution that can automatically manage this data growth. A cloud integrated Data Lake enables businesses to optimise space in their data center, securely store frozen data and further reduce costs. The best part is, cloud stored data can still be analysed and used in real time as it remains visible and accessible to all users and applications.

Gain value through analytics

Data is meaningless until it is transformed into valuable insights. Whether descriptive, diagnostic, or predictive analytics, the greatest insights come from powerful infrastructure. Now that your raw data is located in a centralised lake, you can deploy your choice of Hadoop configurations to facilitate real time analysis.

Whether you are a B2B or B2C company, data analytics can be leveraged to gather vast insights into a business’s customer-base, allowing the business to provide an unprecedented level of customer service. According to Gartner, global revenues for business intelligence and analytics are forecast to reach AUD$16.9 billion throughout 2016. As the market continues to climb, Australian businesses must ensure storage and analytics tools are up to scratch in order to compete effectively. As the data revolution continues to disrupt many industries, it is important to act now. By knowing what the future holds, understanding your business objectives and installing the right storage and analytics tools for your business, you’ll be better positioned to think smart and act fast, placing you in good stead to compete, and thrive, in the new digital universe.

Article by Matthew Zwolenski, Chief Technology Officer, Dell EMC ANZ

Related stories
Top stories
Story image
Infosys
Consumer relationships with digital services continues to change
Two years of pandemic-induced reliance on technology for work has altered our relationship with digital apps and services, new research has found.
Story image
Check Point
Check Point and CCTV expert join forces to boost protection
The partnership will involve Check Point Quantum IoT Protect Nano Agent being embedded in Provision-ISR’s CCTV cameras for on-device runtime protection.
Story image
Red Sift
Entrust expands strategic partnership with Red Sift
Entrust has expanded its strategic partnership with Red Sift to make it easier for businesses to adopt Brand Indicators for Message Identification (BIMI) standards for email identification and security.
Story image
Phishing
MailGuard warns of new scam targeting Telstra customers
Telstra customers in Australia are being warned of a new scam involving "Unsuccessful Payment" messages.
Story image
DaaS
NetApp launches Spot PC, a new Desktop-as-a-Service solution
This is a new managed cloud DaaS solution with security, automation, observability and optimisation capabilities, designed for the needs of today.
Story image
Surveillance
i-PRO releases smallest AI-based surveillance camera on the market
The new i-PRO mini network camera is now available, with a pocket-sized form factor and full AI analytics functionality.
Story image
Sustainability
SoftIron named global leader for efficient DC infrastructure solutions
SoftIron has been named a global leader for supplying energy-efficient data infrastructure solutions for core-to-edge data centers after an assessment by Earth Capital Ltd.
Story image
Data Protection
Information management capabilities to meet privacy requirements
Organisations with customers or operations across more than one country face a spate of new and proposed privacy and data protection laws.
Story image
Alteryx
Alteryx releases updates, empowers data insights for enterprise
Alteryx has released new advancements designed to aid enterprises with cloud analytics, democratise insights and ensure data governance.
Story image
Innovation
Fastly acquires Glitch, enables faster developer innovation
"This acquisition brings together two of the worlds best ecosystems for application development into a single, seamless developer experience."
Story image
Managed service provider
Barracuda MSP Day 2022 highlights MSP opportunities
Barracuda Networks has released a report showing global services-related MSP revenue is set to increase by more than a third in 2022 compared to 2021.
Story image
Digital Signage
MAXHUB's Digital Signage range to bolster boardroom productivity
The new MAXHUB Digital Signage technology is purpose-built to make every kind of team meeting more effective.
Story image
Women in Technology
Huawei webinar emphasises the importance of women in tech
Industry findings by Coursera discussed as part of a webinar jointly organised by Huawei and Reuters Events found 6% more women enrolled in tech courses this year than in 2021.
Story image
Digital Transformation
Digital transformation increasing business complexities
A new survey suggests businesses must re-examine their digital transformation approach to better help employees adapt to change.
Story image
Artificial Intelligence
Gartner reveals top three tech trends for banks this year
Gartner says generative artificial intelligence, autonomic systems and privacy-enhancing computation are gaining traction in banking and investment services.
Story image
Ponemon Institute
Email revealed to be riskiest channel for data loss
More than half (60%) of organisations experienced data loss or exfiltration caused by an employee mistake on email in the last 12 months.
Story image
Broadband
Telstra enters into new RSP agreement with Opticomm
Telstra has entered into an RSP agreement with Opticomm (A Uniti Group Limited subsidiary) to provide network fibre services to customers.
Story image
Employment
Tech job moves - Forcepoint, Malwarebytes, SolarWinds & VMware
We round up all job appointments from May 13-20, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Cyber attacks
Devastating cyber attacks expected to hit energy sector
Energy executives anticipate life, property, and environment-compromising cyber attacks on the sector within the next two years.
Story image
CrescoData
SPS network now available to CrescoData eCommerce customers
CrescoData, a Pitney Bowes Company and PaaS business in the commerce space, says its customers can now connect to the SPS Commerce Retail Network.
Story image
Hybrid Cloud
Barracuda expands cloud-native SASE platform
"The expansion of Barracuda's cloud-native SASE platform for hybrid deployment models and IIoT environments solves a number of challenges."
Story image
MEC
MEC spending for private cellular networks to reach $5.8b
A new ABI Research report finds the revenue for Multi Access Edge Compute (MEC) deployments for private cellular networks will reach USD$5.8 billion by 2030.
Story image
Remote Working
Successful digital transformation in the hybrid work era is about embracing shifting goalposts
As organisations embraced remote working, many discovered they lacked the infrastructure needed to support history’s first global load test of remote work capabilities.
Story image
Ransomware
APAC organisations fail to disclose ransomware breaches
85% of organisations in APAC were breached by ransomware at least once in the past five years, but only 28% publicly disclosed the incident.
Story image
Sustainability
Equinix announces milestones on sustainability commitments
Equinix has released its 2021 Sustainability Report which outlines progress, innovation and accomplishments on key ESG commitments.
Story image
GapMaps
GapMaps Live to improve brand decisions on physical locations
GapMaps has released its latest service GapMaps Live, giving more insights and features to help brands make better decisions about physical locations.
Story image
Cybersecurity
Cybersecurity prompts upgrade for 1.3 billion electricity meters
ABI Research finds Advanced Metering Infrastructure (AMI) and cybersecurity concerns are prompting the upgrade of 1.3 billion electricity meters by 2027.
Story image
Cybersecurity
More than 40% of banks worried about cloud security - report
Publicis Sapient's new report finds security and the lack of cloud skills and internal understanding of business benefits are big obstacles for banks moving to the cloud.
Story image
New Relic
New Relic launches vulnerability management platform
New Relic has introduced New Relic Vulnerability Management to help organisations find and address security risks faster and with greater precision.
Story image
Data Center
Preventing downtime costs and damage with Distributed Infrastructure Management
Distributed Infrastructure Management (DIM) can often be a lifeline for many enterprises that work with highly critical ICT infrastructure and power sources.
Story image
Training
Trojan cyber attacks hitting SMBs harder than ever - Kaspersky
In 2022 the number of Trojan-PSW detections increased by almost a quarter compared to the same period in 2021 to reach 4,003,323.
Story image
Digital Marketing
Similarweb acquires SEO and rank tracking company Rank Ranger
Digital intelligence company Similarweb, which specialises in analysing web traffic, has acquired Rank Ranger, a market leader in SEO and rank tracking.
Story image
Migration
Let’s clear the cloud visibility haze with app awareness
Increasingly, organisations are heading for the cloud, initiating new born-in-the-cloud architectures and migrating existing applications via ‘lift and shift’ or refactoring.
Story image
Silver Peak
The path to an adaptive, modern network
Managing and securing the network looks different than it did just two years ago—especially given that most of these networks are made up of multi-generations of infrastructure stitched together over time.
Exabeam
Find out how a behavioural analytics-driven approach can transform security operations with the new Exabeam commissioned Forrester study.
Link image
Story image
Cybersecurity
Comcast to use ThreatQuotient for cybersecurity operations
Comcast, the parent company of NBC Universal and SKY Group, has chosen ThreatQ Platform and ThreatQ Investigations to meet their cybersecurity needs.
Story image
Boost Mobile
Boost Mobile now makes up over 7% of Aussie prepaid market
Boost Mobile has doubled its market share over the past four years and now has more than 7% of Australia's prepaid market, equivalent to over 700,000 people.
Story image
Training
Infosec unveils role-guided cybersecurity training roadmaps
Infosec Skills Roles maps hands-on training and certifications to the 12 most in-demand cybersecurity roles to maximise training efficiency.
Story image
VPN
The most common online scams in Australia
No one is safe from online scammers, and many of these scammers have capitalised on the pandemic, using this confusing time to attack more people than ever.
Story image
Sustainability
Aligned Data Centers increases sustainability-linked loan
Aligned Data Centers has increased its sustainability-linked loan from $375 million to $1.75 billion to speed up the next phase of its strategic growth.
Story image
Vectra AI
Vectra’s inaugural Partner of the Year Awards revealed
APAC companies Baidam, Firmus, ShellSoft and Macnica have been recognised in Vectra AI's inaugural Partner of the Year Awards.
Story image
Artificial Intelligence
Frost & Sullivan recognises Genesys as leader in new reports
Frost & Sullivan has recognised Genesys as a leader in the cloud contact centre market for its robust cloud and digital capabilities.
Story image
Sift
Sift shares crucial advice for preventing serious ATO breaches
Are you or your business struggling with Account Takeover Fraud (ATO)? One of the latest ebooks from Sift can provide readers with the tools and expertise to help launch them into the new era of account security.
Story image
Rackspace
Skills shortages hold orgs back from capitalising on cloud 2.0
Organisations are becoming more comfortable with sophisticated 'cloud 2.0' technologies, even as they confront difficulties in hiring and retaining IT talent.