Unlocking the True Potential of Data with Smart Data Fabrics
Today, businesses are demanding more from the growing volume and complexity of data they have available – to gain increased efficiency, manage risk, and deliver new high value services to their customers.
But for many organizations, the prevalence of data and application silos makes it difficult to gain full value from the data assets that are locked away in the organization.
All these organizations are striving to provide a consistent, accurate, real-time view of their enterprise data assets to make better decisions. To improve their customers’ experiences. To move their businesses forward.
This is where smart data fabrics can help.
What Are Smart Data Fabrics?
An enterprise data fabric is a new architectural approach that speeds and simplifies access to data assets across the entire business. It accesses, transforms, and harmonizes data from multiple sources, on demand, to make it usable and actionable for a wide variety of business applications.
In fact, in a recent analyst report, Gartner1 states that the enterprise data fabric “is the future of data management.”
Smart data fabrics take this approach one step further by embedding a wide range of analytics capabilities, including data exploration, business intelligence, natural language processing, and machine learning directly within the fabric, making it faster and easier for organizations to gain new insights and power intelligent predictive and prescriptive services and applications.
By allowing existing legacy applications and data to remain in place, smart data fabrics enable organizations to maximize the value from their previous technology investments, including existing data lakes and data warehouses, without having to “rip-and-replace” any of their existing technology.
 Gartner, Emerging Technologies: Data Fabric Is the Future of Data Management. 4 December 2020 – ID G00733652
Putting Smart Data Fabrics To Use
Smart data fabrics are being used in production today across many industries to power a wide variety of enterprise-level, mission-critical initiatives, including:
- scenario planning and decision support
- enterprise risk and liquidity management
- regulatory compliance
- business management reporting
- wealth management
- real-time visibility and alerting
- and many others
InterSystems IRIS® is next-generation data platform software that incorporates many of the critical capabilities for organizations that are implementing enterprise-wide smart data fabrics to meet their most challenging business requirements. It provides powerful database management, integration, analytics, application development, and API management capabilities all in a single product built from the ground up – to speed time to value, simplify architectures, and lower total cost of ownership.