About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

What a Decade of DataOps has Taught Us

Subscribe to our newsletter

By Hervé Chapron, SVP & General EMEA, Semarchy.

It has been 10 years since the term DataOps was first coined. It refers to the practice of combining technology and process excellence to improve the quality, usability and, ultimately, value of data to a business.

DataOps has evolved from a nascent concept to an integral component of modern business operations. It’s revolutionising the way we manage data, with the market projected to reach US$10.9 billion by 2028.

But what vital lessons have we learned over this transformative journey, and how can leaders leverage these insights to improve data management practices?

DataOps evolution

DataOps has undergone an evolution through three distinct stages: initial implementation, growing adoption, and current integration into core strategies.

Originally, DataOps focused on enhancing data analytics workflows. As organisations recognised its potential, adoption grew rapidly, driven by the need for agile and efficient data management. This has led to the widespread integration of DataOps into today’s business strategies.

This is thanks to the rise of big data, cloud computing and AI, each of which have given DataOps far greater capability for data handling and analysis. They’ve laid the foundations for five key elements that have been at the heart of DataOps:

  1. A focus on automating data collection and processing, analysis, and reporting, leading to faster and more reliable data-driven decision-making.
  2. An emphasis on the interconnection between data sources and analytics tools, leading to greater insights into data landscapes.
  3. The growth of robust data governance, ensuring data quality, security and compliance.
  4. The role of master data management (MDM) creating an authoritative source of truth, ensuring consistency across data pipelines.
  5. An ever-increasing demand for self-service data tools that enable users to access and analyse without relying on data specialists.

What Business Leaders Have Learned

A decade is a long time in technology cycles, and organisations have learned key lessons about DataOps, including shifting to data-driven decision-making from traditional leadership methods.

In this vein, companies like Netflix and Amazon have transformed their businesses using DataOps to enhance customer experience with personalisation. They’ve been careful to balance the focus on tech with investment in their employees, prizing skills development and process optimisation alongside DataOps integration, while also maintaining an overarching framework for data governance and usage.

In many ways, companies like these have established a blueprint for implementing DataOps, which you should consider with your own integration:

  1. Establish a centralised, master data hub. Without it, DataOps will be built on unreliable or inconsistent data and yield inconsistencies.
  2. Build a cross-functional DataOps team with diverse skills from different departments to leverage multiple perspectives.
  3. Introduce automation and AI tools gradually, starting with high-impact use cases – think big but start small.
  4. Continuously monitor and refine your processes.

Looking Ahead

DataOps has undergone a massive transformation over the past decade from being very IT-focused to becoming a cornerstone of modern business strategy. We believe AI and machine learning will play increasingly significant roles, spurring a greater emphasis on real-time data processing and analytics, enabling even more agile decision-making.

Business strategies will only become more reliant on DataOps for innovation as data volumes grow and regulatory complexity increases. Industry leaders must continuously refine their own DataOps strategies to stay competitive in our increasingly insight-driven world.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to organise, integrate and structure data for successful AI

Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...

BLOG

Modern Data Platforms Empower Critical Use Cases: Webinar Preview

No longer is it enough for financial institutions to be simply “on top” of their data management architecture. They need to be constantly looking for the next innovation to keep them ahead of the game in this fast-moving space. That’s why modern data management platforms are the focus of so many organisations at the moment....

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Entity Data Management Handbook – Fourth Edition

Welcome to the fourth edition of A-Team Group’s Entity Data Management Handbook sponsored by entity data specialist Bureau van Dijk, a Moody’s Analytics company. As entity data takes a central role in business strategies dedicated to making the customer experience markedly better, this handbook delves into the detail of everything you need to do to...