Over the past decade, data engineering has revolutionised the business world, equipping companies with the tools they need to outperform their competitors. But in 2023, the field has seen groundbreaking innovations that are reshaping the way data is collected, processed, and analysed.
In this article, we explore five cutting-edge trends and innovations, uncovering the benefits they bring.
1. Data Mesh: A New Approach to Data Architecture
A concept that challenges the traditional method to data architecture and management, data mesh advocates for a decentralised approach that empowers teams to own and manage their data domains. This new perspective to data consumption is gaining popularity among companies that want to maximise the value of their data assets.
2. Data Contracts: Breaking Down Barriers
An emerging trend in the data engineering space, data contracts provide a standard set of rules for data producers and consumers to interact with each other. These rules define the source, format, quality, and access requirements, simplifying the data engineering process and enabling seamless collaboration.
3. Proactive Data Governance
No longer a reactive process, data governance has become a proactive endeavor. By leveraging automation and machine learning, businesses can enforce policies and maintain data lineage, ensuring consistency, security, and compliance.
4. Feature Stores: Fueling Collaboration
With feature stores, data teams can create and manage data features independently, irrespective of the applications that use them. This central repository streamlines collaboration, reduces duplication of efforts, and empowers machine learning teams to experiment with new models and algorithms quickly.
5. Streaming First Infrastructure: Real Time Data Analysis
Say goodbye to batch processing. Streaming-first infrastructure enables organisations to process and analyse data in real-time. By utilising the power of event streams, companies can reduce latency, boost throughput, and make faster data-driven decisions.
The future of data engineering is evolving at a rapid pace, driven by the growing demand for data-driven insights and advancements in technology. As businesses continue to embrace data as a vital asset, the role of data engineering will become even more critical in the years to come.
Where do you think Data Engineering will go in 2024?