A new paradigm for managing data

Regeneron isn’t the only company eager to extract more value from its data. Despite the massive amounts of data they collect and the amount of capital they invest in data management solutions, business leaders are still not taking advantage of their data. According to research from IDC, 83% of CEOs want their organizations to be more data-driven, but struggle with the cultural and technological changes required to execute an effective data strategy.

In response, many organizations, including Regeneron, are turning to a new form of data architecture as a modern approach to data management. According to Matt Aslett, a research director at Ventana Research, by 2024, more than three-quarters of current data lake users will invest in this kind of hybrid “data lakehouse” architecture to increase the value generated from their collected data.

“Data Lakehouse” is the term for a modern, open data architecture that combines the performance and optimization of a data warehouse with the flexibility of a data lake. But achieving the speed, performance, flexibility, optimization, and governance promised by this technology also requires embracing best practices that prioritize business goals and support enterprise-wide collaboration.

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