TOWARDS THE METADATA-DRIVEN DATA FABRIC
It is important to note that the metadata-driven data fabric advanced by Gartner, and which many other data and analytics leaders agree represents the future of data management, is an architectural concept rather than a standalone solution or tool.
However, we at Intenda believe that the way in which the data fabric leverages metadata and the advantages it delivers, as described in Top Trends in Data and Analytics, 2022, are closely aligned to how Fraxses uses metadata and the capabilities the platform offers.
THE EVOLUTION OF DATA INTEGRATION
When we look at data and how the requirements for integration have escalated, it all comes down to the data environment. What is the process? Where does it end up? The real question is, how is it being managed and what method or solution works best for each user or organisation?
A new way of integrating data is to ‘bring it home’ by simply extracting and transforming it.
DATA-DRIVEN: STUCK IN A ONE-WAY STREET?
It’s not a new idea to draw on data when making strategic decisions – businesses have been doing so in one way or another for a long time. But in recent years new technologies, coupled with an increase in the amount of data at our disposal, have brought about the emergence of the data-driven organisation: businesses in which every decision and process is anchored in data.
INTERNAL AUDIT: TIME FOR A NEW APPROACH
Analytics has been a key focus area of Internal Audit for many years, but this has not brought about a fundamental change in the way the overall process is conducted.
While many organisations include core analytics, data skills and toolsets, the outcomes of analytics testing are not optimally integrated into their Internal Audit processes. Internal Audit teams that leverage traditional analytics are reliant on IT support, and have to copy or move data from one location to another before they are able to use it.
FRAXSES POINT SOLUTION FOR 360 CUSTOMER VIEW
A retail bank approached Intenda to conduct a Fraxses point solution. The bank’s data management systems did not provide a comprehensive customer view. As a result, client managers were unable to generate reports promptly. The point solution’s objective was to deliver a 360° customer view, thus enabling client managers to provide up-to-the-minute reports on demand.
FRAXSES CUSTOMER CHURN POINT SOLUTION
An energy provider contracted a professional services consultancy to investigate the factors driving the customer churn it was experiencing.
Recognizing the Fraxses data platform as the ideal solution to identify statistical correlation for churn across recorded data events, the consultancy elected to undertake the investigation in partnership with Intenda.
DATA FABRIC: THE NEW ARCHITECTURE
According to Gartner Top Trends in Data and Analytics for 2021, “Data integration and data preparation are among the top three technologies that organizations would like to automate by the end of 2022.
A data fabric’s architecture addresses the challenges that constrain the monolithic approach, and simplifies data integration and management.
INTENDA NEWS
In recent years, escalating data demands have exposed the limitations of traditional approaches to data integration. Fast forward to today and fraXses has transformed the data integration landscape.
A DECENTRALIZED MASTER DATA SOLUTION
The importance of master data cannot be denied. There are a variety of articles, books, and events that emphasize its importance. Yet for many organizations’, it is a struggle to organize their master data in such a way that it can be used by many data consumers.
Those who have been able to organize it well, use master data primarily within a limited and controlled set of applications.
INTENDA NEWS
Intenda has made it this far with the thanks to all who made it possible.
Thank you to all our clients for trusting us and being part of the Intenda team.
