Data Lake vs Data Warehouse: which should I use and when?
Clearly, these data platform models aren’t necessarily “better” or “worse” than each other. Instead, each is more effective at different functions and for different experts. Warehouses are ideal for organizing data required for pre-defined purposes such as reporting, which makes them great for traditional finance and data storing business functions. Meanwhile, lakes are better for collecting large quantities of data for insights and strategic questions, which makes them more effective for customized data analysis and the kind of value building business optimization practices CFOs pursue.
Data lakes are a younger technology than warehouses, and new technologies improve them all the time. One of these technologies is EBM Catalyst. Catalyst greatly simplifies the processes required to derive insight from the data lake. With the help of the EBM Catalyst tools, you can pull and interpret your Lake’s data with the efficiency and confidence of an expert – no matter your background.
The Best of Both: EBM Catalyst
Catalyst FP&A Cloud™ provides a “best of both worlds” solution to the endless data lake vs data warehouse debate. The tool allows users to build structured warehouses inside their unstructured lake. This allows users to benefit from the organizational capabilities of warehouses without losing the flexibility, formatting options, and breadth of data a Lake allows them to access. Meanwhile, Catalyst’s Query Tool, which we jokingly refer to as “SQL for Dummies,” lets users query, structure and marry data from different sources within the warehouses and lakes for analysis. Query makes it easy and intuitive to quickly locate and analyze the data you want, regardless of where it’s housed within your lake.
For example: Want to marry weather and sales data to see how many more umbrellas you sell when it rains? Easy. How about stitching together your POS data with shipment and inventory data? Catalyst can do it in a few mouse clicks.
Want to dive even deeper and examine your data from multiple angles? Catalyst has a full array of reports, OLAP and Tabular cubes, dashboards and visualization tools (with seamless Power BI™ integration) to help. Whether the data is structured or unstructured, Catalyst lets you transform it into game-changing insights faster.
Data lakes are not necessarily more useful than warehouses, and warehouses are not necessarily more organized than lakes. Both simply handle different needs well, and both continue to have a place in business and data storage. Either way, EBM is finding ways to help our clients see the best of both worlds.
With Catalyst, we can make your data work for you. Whether you’re interested in Data Warehouses or Data Lakes, EBM has the right solution for your business.