It's an interesting question!
The problem is that the data is spread everywhere - no choice about that. So with that in mind, how do you query that data? Today, the idea is that you HAVE to put it into a central location. With tools like Bacalhau[1] and DuckDB [2], you no longer have to - a single query can be sharded amongst all your data - EFFECTIVELY giving you a lot of what you want from a data lake.
It's not a replacement, but if you can do a few of these items WITHOUT moving the data, you will be able to see really significant cost and time savings.
Disclosure: I co-founded Bacalhau