Data modernization initiative: 4 tips to get you started

Data modernization is the process of updating an organization's data infrastructure to keep up with new technology and changing business needs. It involves improving data quality, accuracy, flexibility, real-time insights, efficiency, cost savings, and customer experience. Modernizing a data stack can help businesses make confident, timely, data-backed decisions to drive the business forward. The process includes identifying pain points in the current data infrastructure, evaluating modern data tools, making a data modernization plan, implementing tools, and automating data pipelines. Challenges of data modernization include resistance to change, skills gap, security and compliance concerns, integration issues, and high up-front costs. Trends in data modernization include adoption of cloud data platforms, focus on data protection, privacy, and governance, automated data processing with AI and ML, and real-time data processing.