Azure Data Lake for efficient financial data processing

Manage financial data from various sources nicely under one roof. This time we will focus on Azure Data Lake unique cloud servicethat helps you analyze huge amounts of data, offers scalability, high security and integration with Other Azure services. If you want to within your Dynamic 365 Finance ERP effectively manage company data, you are at the right address.

A word of introduction... or Why it's important to have your data lake

First, let's focus on the concept of “data lake”. The relatively new term needs to be distinguished from data warehouses. While data warehouses collect data already processed, data lakes make no claims on Structurability of data, they also store unstructured data, “raw data”. They are thus a more flexible data storage than data warehouses. But everything has its own. Data Warehouses They are an important tool for historical analysis, the data lakes excel against this in advanced up-to-date analysis and machine learning.

In the world of modern business, new data sources are emerging every day. When using data warehouses, in addition to integrable data sources, you will encounter resources that are valuable but unsuitable for processing by data warehouses. If you want To store and analyze data from a wide variety of sources, you will utilize data lakes.

Azure Data Lake + Dynamics 365 Finance = a great pair for financial reporting

Even Azure has its data lake. He is him Datos de Azure The lake. In conjunction with Dynamics 365 Financiën enables centralization of financial data, scalability, advanced analytics, creation of predictive models, integration into the Azure ecosystem and ensures data security and management. This brings greater efficiency and accuracy in financial operations and enables organizations to make informed decisions.

What are the biggest business benefits of Azure Data Lake?

• Centralization of data: Azure Data Lake enables Centralize financial data from Dynamics 365 Finance into a single repository, which facilitates further processing and analysis.
• Scalability and performance: With Azure Data Lake, you can perform extensive analysis of financial data outside the main ERP system and in near real time. It is a scalable solution.
• Advanced Analytics and Reporting: Azure Data Lake provides tools for advanced reporting. It enables the creation of comprehensive financial reports and dashboards.
• Creating predictive models: Thanks to advanced analytical techniques, it is possible to create Predictive models from financial data, which helps predict future trends.
• Integrated Services: With Azure Data Lake, businesses get access to a wide range of advanced analytics, AI and data services across the Azure ecosystem.
• Security and data management: Azure Data Lake offers advanced features for data security and access management.

Long story short...

The architecture of the solution lies in conjunction with Dynamics 365 Finance and Azure Data Lake Using several key technologies. Azure Data Factory allows you to control the flow of data between the two systems, while Azure Data Lake Storage serves as storage for financial data. Azure Databricks and Azure Synapse Analytics provide a means for advanced data analysis. Power BI is used to visualize financial data. Everything fits together like a well-adjusted watchmaker.

Azure Data Lake in combination with Dynamics 365 Finance will appreciate businesses that need to efficiently process, analyze and store large amounts of financial data. If that's you, contact our specialists and ask how this innovative solution would benefit your business and your financial reporting.