Modern Data Stack (MDS) components are the foundational building blocks of any data ecosystem. Over the years, these components have transformed significantly to meet growing enterprise demands due to the increasing recognition of data as a vital asset in enabling digital transformation for a sustained competitive advantage.
To navigate this landscape, enterprises must formulate a well-defined data strategy aligning with their unique needs and goals. This strategy should comprehensively evaluate MDS components, identify the most relevant ones, determine their integration, and assess their potential to deliver measurable business impact. Chief Data Officers (CDOs) will be pivotal in this process as they must carefully balance innovation with RoI.
