It’s no secret that today’s businesses have access to huge volumes of various data that can help them in making informed decisions to improve efficiency. However, this data is heterogeneous and is stored as structured and unstructured data. In addition, managing this enterprise data is challenging since businesses have moved from on-cloud environments to hybrid environments. As such, companies struggle to manage and leverage data in multiple database management systems across different platforms.
Consequently, data fabric presents the perfect data management solution since it’s a single platform to store, manage, and store all types of data. Gartner describes data fabric as a design concept that’s an integrated layer of data and connecting processes. It utilizes continuous analytics overall metadata assets, supporting the deployment, utilization, and design of data across all environments.
Data fabric architecture connects different data sources, locations, and data types, ending data silos and eliminating data copying. The purpose of data fabric is to offer a better way to handle enterprise data and accelerate digital transformation. Below are some of the benefits your brand can enjoy from implementing a data fabric strategy.
Data Governance and Compliance
Compliance management remains a critical concern for many organizations today since regulatory requirements for risk management and data governance have become stringent. Therefore, data fabric defines the controls and guidelines for your organization’s governance process, boosting its risk management capabilities and continuously monitoring it via operational dashboards. As such, by ensuring compliance, organizations can save money since they don’t have to pay any penalties for non-compliance.
Consequently, finding the right data fabric solution for your company is necessary to ensure compliance, savings, and a protected brand reputation. Trusted software brands such as TIBCO can handle these concerns.
TIBCO is an enterprise-level software organization focusing on Predictive Analysis, Data Visualization, and Data Science, with a critical interest in harnessing the potential of real-time data to make quicker and better data-backed decisions. TIBCO also provides solutions for business leaders who constantly search for “What is data fabric?” on search engines to develop successful data fabric strategies.
More data silos, more sources of data, constant change, and data’s increasing complexity necessitate an agile and modern architecture that can support data-driven companies. A data fabric is a modern data architecture with data pipelines and shared assets that organizations can leverage for better data management.
TIBCO’s solution supports your data fabric strategy with more robust data management and integration capabilities, ensuring that you can simplify, automate, and accelerate your data pipelines. Also, your organization benefits from shared data assets that support its use cases and diverse users. In addition, this solution leads to better decision-making, saved time and money, enhances business processes, and empowered business users.
Furthermore, TIBCO offers a low-cost software license for college students through their Academic Alliance Program. As such, the next generation of data analysts can enjoy free or low-cost access to TIBCO software, building the essential skills needed for future career success. What’s more, TIBCO is a well-known industry leader in the Data Science software products sector, offering innovative software solutions to diverse clients for many years.
Boosting Sales and Marketing
Data fabric can provide your marketing and sales team with various data obtained from weblogs, embedded devices, and other sources. This way, your organization can receive deeper insights into customer preferences and behavior. As such, you can craft better marketing and sales strategies that guarantee the best ROI and outcomes to drive business growth.
Fraud Detection
Security management is typically challenging for organizations due to the variety and volume of data. Nevertheless, preventing fraud is a top concern, and data fabric assists by automatically detecting any data anomalies. Data fabric also triggers actions to counter these anomalies, minimizing losses and improving regulatory compliance.
In short, modern-day enterprises can enjoy significant benefits by adopting a data fabric strategy. The above-listed points are some ways through which data fabric can help your company.
