Despite being a relatively newer technology, data platforms are rapidly emerging. Its global market was valued at $1.108.7 million in 2021 and is expected to grow at a CAGR of 23% from 2022 to 2030. It’s widely adopted among application developers, especially since it provides plenty of advantages.
This article will detail the top 10 reasons why data platforms and app development go hand-in-hand.
1. Unlocks the Value of Data
In recent years, big data has ushered in a new era for both tech and non-tech companies and professionals. 24% of executives say that their companies are data driven, and the key to unlocking the value of data is through a data platform. For developers, knowing how to leverage data platforms is key to creating more competitive applications for companies.
2. Provides Versatility
Data management platforms are quite versatile and can support a range of workloads and users. Not only can they support developers for containerised development; they can also help data scientists with building machine-learning models and analysts with answering important business questions, so it’s an overall fantastic investment for enterprises.
3. Leverages Cloud Storage
With cloud being the new norm, a data platform and cloud-native data warehouses have become necessary in handling terabytes of data using a combination of interoperable, scalable, and replaceable technologies. Data platforms aim to solve the problem of data silos, which refers to unscalable, duplicate, and outdated data with little security.
4. Allows for Automation
All IT professionals value time, as more often than not, the work that goes into maintaining databases is never-ending. But thanks to the automation of database operations through data platforms, developers can update and patch without downtime, auto-index and auto-tune, and scale automatically without manual intervention.
5. Heightens Security
One major con to the boom of big data is how it has brought about more issues in data security. A lot of companies request more security features when having applications developed. A data platform aids in heightening security through identity management, selective user access, and automated monitoring of any vulnerabilities and threats.
6. Easy Scaling
One of the biggest benefits of a data platform is its ability to scale and instantly respond to changes in workloads without much effort or downtime. Thanks to automatic scaling, app users are able to enjoy uninterrupted use even at peak demand, and companies and developers are able to save on resources without having to sacrifice ability or performance.
7. Applicable to Many Industries
Due to the effects of COVID-19, we saw how enterprises realised how essential it was to invest in data platform solutions. This was not only applicable to tech-centred matters, but also for applications involving retail, healthcare, finance, marketing, and education. The realisation definitely gave way to the rapid growth of the data platform market.
8. Competitive Applications
Along with the rise in data platform solutions, the mobile application development market is also expected to grow from $1.9 billion in 2023 to $2.1 billion by 2027. This makes it all the more crucial to develop applications that are more competitive. Make yours exceed expectations by using a data platform to meet an organisation’s end-to-end data needs.
9. Lower Costs
Because data platforms are very scalable, they are less complex and lead to significantly lower costs. Data platform features like auto-tuning, autoscaling, and auto-securing can reduce operational costs by up to 90%. The time and resources saved can then be directed toward improving other aspects of the application.
10. Deployable Anywhere
Lastly, a data platform is extremely flexible because you can deploy them on public cloud platforms, on your cloud of choice, or on-premises if you value security over your area. We saw the power of hybrid applications and work setups in the past couple of years, and data platforms have aided in making this possible.
The needs of each application developer vary, but a data platform addresses the baseline needs for the acquisition, storage, and governance of data.
Moreover, there are specialised data platforms that are able to host and accommodate different types of data the best, and there are also overlaps between some of these platforms’ use cases. Overall, there’s likely to be a certain kind of data platform that will most suit your application’s needs.