This week we are joined by AoF alumni, David Dadoun to talk about data lakes, data oceans, data puddles, and data platforms, and why so many are confused about the topic. David is a leader, professor, global speaker, and recently transitioned to an exciting new role as Head of Data at BRP in Canada.
If you feel unsure about the definition of a data lake vs a data platform, you’re not alone. The concept continues to evolve, to where we are today which is the data platform. As the owner and creator of multiple data platforms, David breaks down the key steps to transform your data lake into a data platform. Whether you’re migrating to a more sophisticated data cloud or building a platform from scratch, the rapid pace of change means there’s always something new to be learned. Tune in today for this fascinating conversation on how to master your data platform!
“If you're going to build something today, get ready that three to five years down the line, you may have to start all over again because things change very rapidly in the data space.” [0:24:33]
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3 Knowledge Bombs
- David on data literacy - If you’re going to invest in data, which everyone should be doing, then fostering data literacy within your company is essential.
- David on being mindful of change - Because the rate of change in data is so fast-paced, you need to be prepared to completely change your data lake earlier than you may have anticipated.
- David on governance frameworks - Why your data platform must have a governance framework in place to ensure trust, transparency, and usability.
In this episode, you'll learn:
- [07:35] - What the ‘data lake’ was and how it has evolved over time.
- [08:35] - What is a data fake and how data lakes have evolved into data platforms.
- [12:51] - Who needs to own the data platforms and who it’s for.
- [14:41] - How to run a data platform depending on the size and structure of your organization.
- [16:05] - The different ways that companies can structure their data platform(s).
- [18:02] - Why data literacy is crucial for any company with a data culture and how data lakes form part of the core strategy.
- [21:03] - How to balance analytics and data goals within your company and teams.
- [24:20] - The important steps a company can take towards creating a data lake.
- [28:13] - Why it’s necessary to be mindful of the rapid rate of change within data and how it will affect your data platforms.
- [29:50] - How to identify the value a data platform can bring to your company before you invest.
- [34:51] - Why it’s important to identify how you’ll be integrating your data at the start of your process, after identifying your value drivers.
- [37:04] - Why your data platform needs to have a governance framework in place to ensure trust, transparency, and usability.
- [37:39] - Some of the common mistakes David has seen with the creation of a new data platform.
- Right-click here and save-as to download this episode to your computer.
“Make sure you have a data governance strategy in place. You don't want your data lake to turn into the proverbial data swamp, to be unusable because people don't trust it at all. You need a data governance framework.” [0:37:04]
Links and Resources mentioned in this episode:
- Check out David's fav book:
- Learn all about functional management teams in The Advantage: Why Organizational Health Trumps Everything Else In Business by Patrick M. Lencioni
- Download our FREE Actionable KPI Blueprint to gather data requirements
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