Describe Types of Core Data Workloads
The volume of data that the world has generated has exploded in recent years. Zettabytes worth of data is created every year, the variety of which is seemingly endless. Competing in a rapidly changing world requires companies to utilize massive amounts of data that they have only recently been exposed to. What’s more is that with the use of edge devices that allow Internet of Things (IoT) data to seamlessly move between the cloud and local devices, companies can make valuable data-driven decisions in real time.
It is imperative that organizations leverage data when making critical business decisions. But how do they turn raw data into usable information? How do they decide what is valuable and what is noise? With the power of cloud computing and storage costs growing cheaper and cheaper every year, it’s easy for companies to store all the data at their disposal and build creative solutions that combine a multitude of different design patterns. For example, modern data storage and computing techniques allow sports franchises to create more sophisticated training programs by combining traditional statistical information with real-time data captured from sensors that measure features such as speed and agility. E-commerce companies leverage click-stream data to track a user’s activity while on their website, allowing them to build custom experiences for customers to reduce customer churn.
The exponential growth in data and the number of sources organizations can leverage to make decisions have put an increased focus on making the right solution design decisions. Deciding on the most optimal data store for the different types of data involved and the most optimal analytical pattern for processing data can make or break a project before it ever gets started. Ultimately, there are four key questions that need to be answered when making design decisions for a data-driven solution:
- What value will the data powering the solution provide?
- How large is the volume of data involved?
- What is the variety of the data included in the solution?
- What is the velocity of the data that will be ingested in the target platform?