Insight Exchange by L.E.K. Consulting · 2023-07-31 · 37 min
In this episode, we’ll explore the categories of solutions in the data and analytics (D&A) value chain and the crucial role of cloud data storage in modern D&A ecosystems. We’ll examine the different tools and processes involved in each category of the D&A value chain, from data integration and processing to analytics and visualization. Additionally, we’ll uncover the differences between legacy and modern D&A infrastructure solutions, highlighting the advantages of modern solutions such as flexibility, scalability and improved data governance. You will discover the benefits of implementing a modern D&A infrastructure, including enhanced decision-making, increased efficiency and improved customer experiences through personalized interactions. We’ll also discuss the core shifts driving the move toward modern D&A architecture and the key growth areas within the D&A value chain. We’ll shed light on the competition between Snowflake and Databricks, two leading players in the market, and explore the factors driving the market growth of both solutions. Lastly, we’ll discuss the level of competition between Snowflake and Databricks and the reasons for customer migration to Snowflake.
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