Modern Data Platforms

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Aditi Sharma
Managing Director
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Transforming Businesses with Modern Data Platform: An Insight

Welcome to this well-crafted piece on modern data platforms, featuring a rich conversation with Ati Sharma, a managing director with Exchanges, Data and AI Group. The focus point of our discussion highlights some of the challenges firms are experiencing in realizing the full potential of a modern data platform.

About Ati Sharma

Ati Sharma has worked in the technology industry for over 17 years, focusing on tech transformations, especially cloud modernizations in the past seven years. Based in Raleigh, North Carolina, he brings a wealth of experience in healthcare, telecom, energy utilities, and finance. His work in different platforms is client-oriented, addressing their unique data needs and business drivers.

Riding the wave of Cloud Migration and Modernization

The surge of the COVID-19 pandemic brought about drastic changes in how we work, leading to a sudden need for scalability and easy access to data. This need sparked what was arguably the significant migration and modernization of firms across the globe. The process focuses on scalability, flexibility, and providing quick value to the market.

As time progressed, there was a visible increase in seamless API integration due to firms exploring more than one cloud. However, as migration and modernization became more common, business leaders quickly identified the need for a harmonized, centralized, and accessible data layer. This need led to a move towards decentralization via the concept of Data Mesh Architecture.

An Understanding Modern Data Platform

Although firms are bringing data under one roof to streamline processes, it is paramount that they communicate the business value within it. Therefore, a focus on data ownership began to take precedence. The modern data platform thrives on harmonization. It's every bit as essential to ensure the credibility of the data because the business value ties directly into the quality of the data and how it's managed. However, the challenge lies in moving humongous amounts of data to the cloud while maintaining its integrity, a challenge many companies are progressively tackling.

A significant aspiration of a modern data platform is self-service: allowing businesses to access data quickly without relying on their IT counterparts. This need led to the creation of data portal and data marketplace concepts. However, firms are still struggling to extract full value from the modern data platform.

Turning Investments into Value

As 2023 unfolds, quite a few clients express concerns about high costs incurred without matching the pace of realizing data value. The focus shifted towards operational efficiency, especially in managing costs.

Cloud continuum has introduced an abundance of opportunity to evolve and scale data according to business needs. However, recurring costs and ensuring data security has been a stumbling block for many. Data integrity and efficiency have taken precedence in the modern data platform. Firms are evaluating their RoI on the investments made on the cloud and realizing that only putting data on the cloud doesn't automatically convert into value.

{{h3}}Conclusion: The Modern Data Platform Way{{/h3}The modern data platform is more than simply a centralized data platform. It's about realizing the full potential of your data and monetizing it effectively while managing internal costs. These platforms only thrive and provide value when there is strong collaboration between IT and the rest of the business.

Firms are moving towards bringing business and IT together to drive a broad change across the entire enterprise. In a nutshell, transforming through a modern data platform is not a mere technology transformation play. Instead, it's an ensemble of technology, process, and people, ensuring the new approach to data is being driven across the organization.

Stay engaged for more talks on modern data platforms and how they can transform businesses. For any further discussions, feel free to connect with Ati Sharma on LinkedIn. We look forward to helping you navigate your data transformation journey!


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