James Wright , Senior Director , Asia Pacific and Japan , Cloudian , warns that the lack of broad understanding of ‘ spending time at the lakehouse ’ won ’ t be a viable excuse for risking data security or breaking compliance rules and regulations around sovereignty .

Most people don ’ t really understand what any of these systems mean and most definitions do little to change that .

But to put it in terms of value that people can understand , it ’ s about easier , cheaper storage and management of , as well as creating value out of ( you guessed it ) data .

Organisations have been storing unfathomable amounts of data on their business , customers , partners , and other areas for years now . The latest estimates indicate 0.33 zettabytes or 328.77 billion gigabytes are created every single day . That ’ s the equivalent of more than 164 billion hours of HD video or nearly half a trillion physical filing cabinets worth of paper , every day .

Cloud and data centre directory Cloudscene says Australia now has more than 300 data centres crunching our share of that pie and that doesn ’ t account for the many thousands of on-premises and edge data centres across the country .

Still , we ’ ve done very little to extract value out of all that data and the more we add to the pile the harder it can become to do so .

Essentially , the data lakehouse promises to change that with companies such as HPE , Snowflake and

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