The document discusses three trends that are reshaping the data landscape and straining companies' data architectures: 1) exponentially growing data volumes and velocity, 2) increasingly accessible and specialized data use cases, and 3) shifting data economics due to cloud adoption. This is leading to issues like architectural complexity from vendor proliferation, fragmented and siloed data stacks, and rapidly doubling costs of data management. To effectively manage these challenges, the document argues that companies will need to adopt a fundamentally different, more federated and distributed data architecture approach going forward.