Data modernisation using a logical data management platform

Abstract

Like many industries, the capital markets industry relies on reliable access to trustworthy data. For this industry in particular, it is becoming critical for success, if not survival. This type of data access, however, requires modern data infrastructures, and not many organisations are prepared to furnish such infrastructures. This paper introduces ways to modernise the data infrastructure without ripping out and replacing expensive hardware. It covers key capabilities of modern data infrastructures and compares and contrasts emerging technologies such as cloud data warehouses, data lakes, data virtualisation, logical data fabric and data mesh. The paper provides a business case for complementing investments in centralised data management tools, such as cloud data warehouses or data lakes, with a logical data management approach.