The age of COVID-19 has reinforced the importance of making data-driven decisions for financial institutions. As the use of tools for data management continues to increase, organizations are seeking ways to consolidate and streamline access. Nevertheless, organizational blockers such as silos and integration of complex technology layers still exist, which makes it harder for users to obtain the data they need in a timely and efficient manner.
Data fabric solutions have emerged that, “accelerate insights by automating ingestion, curation, discovery, preparation, and integration from data silos,” to try to solve for this. Despite the advances made by introducing data fabric technology, several pain points still linger.