Credit unions and data lakes – The next wave

In two previous OnApproach blogs, the concept of a data lake was defined and differentiated from a traditional data warehouse. Yet, a key point was a data lake and a data warehouse are not mutually exclusive. In fact, a structured data warehouse could be a subset of an overall data lake architecture.

Simply stated, a data lake is an effective way to store and access very large quantities of data.

What does this mean for credit union decision makers?

Delving into these questions, OnApproach Senior Engagement Manager, Pete Keers recently discussed the world of data lakes and other cutting-edge ideas with Bill Preachuk, Solutions Engineer with Hortonworks. With a mission, “to manage the world’s data”, Hortonworks describes itself as an innovator in creating, distributing and supporting enterprise-ready open data platforms and modern data applications. Among “Big Data” players, Hortonworks ranks in the top tier.

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