Understanding the Lakehouse Paradigm with Midoffice Data: Part 2 – The Evolution of Data Storage & Processing
In our first instalment, we journeyed through the evolution of data storage from traditional Datawarehouse to data lakes, leading to the emergence of the Lakehouse architecture. Now, let’s unpack the inner workings of the Data Lakehouse architecture, exploring the intricate layers and components that define a modern Lakehouse. The architecture principles on which Data Lakehouse: […]
Data Model Maturity for CFO Function
Why is Data Maturity in a Finance Organization important? In 2020, Aston Martin’s balance sheet eventually ended up with discrepancy totalling to $20mn in reconciliation. The accounting error came to understating car sales in dealerships. Now, this issue came to highlight – quarters later , in financial reconciliation stage. Any seasoned finance professional will advise […]
Addressing Talent Deficit: An approach for business excellence
Are we short of quality talent? As businesses evolve and their information technology footprint grows, we allocate our best and brightest talent to the transformational projects and support the systems rather than spearheading growth and innovation. Business and regulatory complexities, the bandwidth of resources, and tight budgets have always acted as constraints. This begs the […]
Collaboration: The new frontier of business process
Introduction: Have you ever wondered why traditional business process technology has not kept pace with consumer technology? It’s intriguing to note how effortlessly we integrate collaboration into our personal lives. Yet, in a business setting, we’re often reluctant to share. What’s the reason behind this? The Dichotomy of Sharing: Personal vs Business In our personal […]
Death, taxes and IT projects
Information technology has been a game-changer. It encompasses the spectrum of all business activity from grunt record maintenance to innovation. It also contributes to a sustainable environment by saving us over 30% of paper consumption year on year (Source: Oxford Academic) But why are system projects perpetual – a never-ending drain on expertise, resources, budgets, and […]
Navigating Data and Analytics Challenges in the Age of AI
“Data is not just the new oil; it’s the new electricity.” – Clive Humby As we usher in an era where the potential of Artificial Intelligence (AI) is finally being realized, one question looms large. “How can enterprises effectively harness the power of AI and Big Data while grappling with legacy IT systems and […]