Today’s organizations widely acknowledge the significance of leveraging data and analytics. Virtually every executive envisions establishing a data-driven organization. However, a survey conducted by New Vantage Partners reveals that only a mere 26.5% of companies have effectively achieved this transformative goal. Part of the problem lies in the ineffective collaboration between business and technology teams.
In the realm of data and analytics, there are two foundational pillars: data lakes for storing data and analytics tools for understanding data. However, they play in separate realms, each catering to specific use cases and challenges.
