5 Key Benefits of Data Lake for Your Organization
Being a proud participant of ASAE Annual, Aplusify had the opportunity to host a session “Realize Data Lake Dreams on a Beer Budget.” Our General Manager, Rajeev Gupta (Aplusify), Byron Smith, AABB (American Association of Blood Banks), and Moderator Barbara Armentrout walked us through the importance of data management and how it can help associations break down data silos and uncover essential insights. Our session’s agenda covered these key issues:
- Tools in use by associations.
- Why? Explore what you can accomplish when you have data that you and your team trust and rely upon to make decisions.
- What can you achieve if you don’t have a data lake?
Here at Aplusify, we love sharing lessons learned, so let us take a deep dive into the top 5 ways ASAE can help organizations.
We will explore the key benefits of data lakes and discuss how they can be used to improve efficiency in your organization. We’ll also discuss how data lakes can help you overcome some of the biggest challenges facing organizations today. So read on to learn more about this powerful technology!
What is a Data Lake?
A data lake is a repository that stores raw and processed data in one place. This can be useful for companies who want to centrally manage their big data, as well as improve the speed and accuracy of their analytics. Additionally, it can help reduce costs associated with storing large amounts of data on-premises or off-premises.
Data lakes are a powerful tool that organizations can use to manage and store vast amounts of data. They can help increase efficiency and provide a platform for data analysis and visualization. The benefits of using a data lake include:
Quick Access to Valuable Insights
A key benefit of using a data lake is that it allows you to quickly access your valuable insights without having to sift through mountains of terabytes of information. Because all your CRM, marketing automation, customer activity, product catalogs, etc are stored in one place, you can quickly find what you’re looking for and make improvements based on the results.
Common Tools for All Functions
Another advantage is that business users no longer need separate skill sets for different aspects of big data computing; instead, they can use common tools across all functions within the company (data wrangling / ETL/ analytic processing). This helps cut down on training time and boosts efficiency by sharing knowledge between team members more easily than ever before.
Reduced Development Time
A data lake is a powerful tool that can help businesses accelerate the time it takes to develop, deploy, and manage big data projects. It aggregates, extracts value from (including loading into databases), and makes it available for analyzing vast quantities of unstructured or semi-structured data.
Data lakes allow you to quickly extract valuable insights from large amounts of raw data without having to first load it all into memory or enter complex ETL processes. This speeds up the process by reducing “data exploration” time as well as development times for analytics applications and machine learning algorithms.
Increased Reliability
A centralized location enables easy rollback in case of accidents or system failures on the part of your business users who access this information. In addition, due to optimized storage management techniques and advanced indexing methods, your data will be faster when loaded than if stored in individual files on various computer servers throughout your organization.
Improved Ability to Gain Insights
By providing an integrated platform where multiple analysts can work together on live streaming analyses while incorporating real-time feedback loops into decision-making processes (i.e., dashboards), you can boost the team’s ability to rapidly uncover insights that lead to improved decision-making.
Final Thoughts
At Aplusify, we believe that data lakes are the future of analytics. They are powerful data repositories that can be used to make better business decisions.
Events like ASAE assist association professionals in reaching previously unimaginable levels of performance. If you wish to know more about Aplusify or have a specific business requirement in mind, Schedule a 1:1 meeting with one of our Salesforce experts now. Our experts will be happy to hear what’s happening at your organization and if our services can help. We offer rates as low as $60* per hour for Salesforce-managed services.
About Aplusify
Aplusify provides associations, nonprofits, and higher education institutions with the capacity and capability of maximizing their Salesforce platform. Our team of Salesforce-certified experts alleviates the technical weight of implementing and managing Salesforce so that you can focus on strategy and organizational mission. Find out how we can save you time, money, and stress with our Salesforce Managed Services.
