Uber's Compliance Data Store (CDS) has implemented an archival and retrieval mechanism to efficiently manage regulatory data, addressing challenges such as schema evolution and data ingestion during backfills. This solution optimizes storage usage between hot and cold storage while ensuring compliance and accessibility, allowing for automated workflows that adapt to varying data needs.

The payments industry faces ongoing challenges due to chaotic and fragmented data, complicating reconciliation processes. Emphasizing the need for clear data communication and intelligent systems, the article advocates for a foundational shift in how data is treated to meet growing regulatory demands and customer expectations. Kani, the author's company, aims to simplify this complexity and enhance finance operations through better data clarity.

The article discusses the importance of governance in managing data lakes, emphasizing the need for structured oversight and compliance to ensure data quality and security. It highlights strategies for implementing effective governance frameworks and the role of tools in facilitating better data management practices.