It is the twenty-first century and the most efficient way of storing information is no longer on paper and on physical files stored in cabinets. This is an era of technology and that means integrating digital means into any way possible. The process of keeping data especially in a company or business is no exemption. Data silos are an approach commonly used in storing a company’s data these days. However, the data stored inside data silos and other data storage approaches can be a mess and to be able to properly keep track of that data and make use of it when needed, a Data Hub would be required.
By definition, a Data Hub is a collection of a company’s data which is gotten from different sources such as the data silos. It is the Data Hub that properly organizes this data and processes it to be distributed, shared, and in other cases, sub setting. A Data Hub is actually a lot of help to a company because it takes care of the very challenging tasks of processing data. Any ordinary person would go crazy trying to access data as it comes from data silos. Thanks to Data Hubs, this process has become much more automated making it a lot more efficient for the company.
You might have come across other terms like a data warehouse. It is important to understand that a data warehouse is different from a data hub. Data warehouses are in general not integrated and can come in different grains. In addition, a Data Hub is also not the same as an operational data store. Unlike operational data stores, Data hubs are not limited by any operational data.
There is also another term “data lake” which is also another approach to the organizing of data in data silos. However, they are quite different from Data Hubs. A data lake is much more simple and does not really have the same function as data hubs since a data lake is simply a place where the data is all stored in one place like different data silos being integrated into one. A data lake is not able to process data like a Data Hub. Where a data lake is simply a single place where the company can access all its data, a Data Hub can actually add more security, de-duplicate data, and a whole lot of other functions.
When it comes to any company or business, their data hub is generally considered the “go-to” area when there is a desire to be able to access and process data. By making use of a Data Hub, there is no need for so many point to point connections to be made especially in between the suppliers of data and the callers themselves. The Data Hub itself can even help negotiate certain deliverables and help set schedules when it comes to the data enclave teams. This allows everyone in the company to easily access data within the business no matter what area or department it is coming from.