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DATA

How to Tell If Your Data Platform Is Actually Modern

Rich McCraw headshot
Rich McCraw
Vice President of Technology

October 17, 2024 | 4 Minute Read

Modern data platforms do more than just store and process information. They serve as ecosystems that help businesses adapt, improve operations, and make smarter decisions. How do you know if your platform is truly modern or if it’s just the latest trend? 

A modern platform should grow with your organization, supporting a variety of needs without forcing major overhauls. The goal is to invest in systems today that will still meet your needs five years down the road. Let’s explore what defines a modern data platform and how to unlock its full potential for your business. 

A Brief History of Data Platforms

From the earliest days of computing, data platforms focused primarily on two tasks: storing and retrieving information. As technology advanced, so did the complexity of data systems. Traditional relational databases grew into data warehouses, which provided structured ways to aggregate information for business intelligence. 

However, with the explosion of digital transformation, businesses now generate more data, often in unstructured or semi-structured forms. These developments have pushed platforms to evolve into ecosystems, comprising cloud storage, big data systems, and tools to support real-time analytics and machine learning.

What Defines a Modern Data Platform?

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A true modern data platform is more than just a trend. It addresses core challenges, such as: 

  • Handling structured and unstructured data: Today’s systems must work with everything from neatly organized transactional data to raw, unstructured formats like social media posts and video streams. Semi-structured formats, such as JSON, add flexibility to how platforms can query data dynamically. 

  • Cloud and interoperability: Many organizations require platforms that scale effortlessly in the cloud and integrate seamlessly across various vendors. Technologies like Microsoft Fabric, Snowflake, and Databricks illustrate how modern platforms allow businesses to break free from vendor lock-in. 

  • Separation of storage and computing: Modern platforms store and process data differently, decoupling the two functions. This architecture allows better scalability and supports multiple processing tools—whether for analytics, reporting, or machine learning—without creating silos.

Why the Ecosystem Approach Matters

Unlike legacy systems, modern platforms thrive on interoperability. Tools such as data lakes allow businesses to store raw data centrally and process it with different frameworks, like Spark, Hadoop, and Power BI, depending on the use case. These systems enable better real-time insights and allow for task-parallel processing—essential when dealing with massive datasets, such as IoT sensor data. 

This flexibility fosters data democratization, where various teams—from marketing to product analytics—can access and analyze the same datasets without compromising governance or quality. The ecosystem approach empowers teams to select the best tool for their needs, avoiding the limitations of one-size-fits-all solutions. 

Storage is Cheap, but Smart Storage Matters

As storage costs decline, companies are no longer constrained by how much data they store. However, managing multiple copies across different environments remains a challenge. Modern platforms address this by using smarter storage solutions, such as: 

  • Micropartitioning in Snowflake: This technique stores small, immutable chunks of data, allowing efficient updates and versioning through features like time travel. 

  • Shared data models: By creating interoperable data layers, platforms like Microsoft Fabric enable businesses to minimize redundancy. A single copy of data can power multiple workloads, from AI training to analytics, without requiring extensive reprocessing. 

AI and ML: Integral to Modern Platforms

Artificial intelligence and machine learning (ML) have become core elements of modern data ecosystems. These technologies depend heavily on robust data pipelines for training, refining, and deploying models. Whether through Snowflake's ML tools or Microsoft Fabric's integration with Power BI, modern platforms help organizations unlock the value of their data for predictive analytics and real-time decision-making. 

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Building for the Future: Flexibility and Governance

A modern data platform is not just about technology—it’s about how you use it. Organizations must align their processes to take full advantage of the platform’s flexibility. 

Gone are the days when data engineers needed months to update a data warehouse. Modern platforms allow for continuous development and agile iteration, giving teams the ability to adjust quickly to changing business needs. However, governance remains critical. Tools like Microsoft Purview or Snowflake's Horizon ensure that data remains accessible while maintaining security and compliance.

Conclusion: Is Your Platform Ready for the Future?

Modern data platforms offer organizations more than just new ways to store and process information—they provide ecosystems that enable agility, innovation, and smarter decision-making. But the key question remains: Is your platform truly modern, or are you just following the latest buzz? 

The right platform should enable your organization to evolve continuously without requiring complete overhauls. The goal is to build systems today that still serve your needs five years from now. This means selecting platforms that grow with your business, support diverse use cases, and unlock the full potential of your data. 

If you missed the full presentation, make sure to explore the Tomorrow Technology. Today series for more insights on AI, data ecosystems, and platform engineering.

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DATA

How to Tell If Your Data Platform Is Actually Modern

Let’s explore what defines a modern data platform and how to unlock its full potential for your business.