Benefits of Data Warehousing
This is the era of Big Data and Data Analytics. Yet these massive amounts of information need to be stored and organized accurately for easy access at any time. Data Warehouses are the perfect solution for this. A Data Warehouse is a digital collection of corporate information and data derived from operational systems as well as external data sources. That is, it is a server application which houses all forms of big data and keeps the information secure for future access.
A data warehouse is designed to support business decisions by allowing data consolidation, analysis and reporting at different aggregate levels. The process of data extraction, transformation and loading helps to load data into a warehouse. In this process, data is extracted from several heterogeneous sources, analyzed and transformed into an organized form that makes sense to a business or organization. It is finally loaded into a Data Warehouse. It may sound a long line of activities but data warehousing is actually prompt and provides several benefits to a business/organization:
Enhanced business intelligence: With data warehousing, Business decisions no longer need to be taken based on incomplete information. Data Warehousing ensures that decisions impacting strategy and operations are based on data-driven facts and supported by relevant information that has been gathered over time. Besides, the management of an organization and business analysts can retrieve information from a data warehouse that are customized to their specific requirements. For example, a company may utilize a data warehouse to store information that related to its employees, salaries, developed products, customer information, sales, and invoices. The company’s leadership may require information specifically on the unnecessary expenditure endured during a particular period. The results can be analyzed to develop cost-cutting strategies.
Increased performance: The differentiating factor of a data warehouse is that it enables the retrieval of data along with its analysis. These systems are built differently than operational systems, which are more focused on creating and modifying data. Data warehouses, on the other hand, are built specifically for analysis and retrieval rather than the upkeep of individual records. With data warehousing, users and business leadership have access to data from multiple sources as needed. Hence, a data warehouse enables a business or organization to invest more time on analyzing data rather than gathering it.
Consistent Data: The basic activity performed by a data warehouse is the conversion of data from numerous sources and transforming them into a common format. Hence, data from multiple business departments and processes is uniform and consistent. Individual teams of the business such as its sales, marketing and operations will utilize same data repository to generate reports. Hence, there will be a perfect alignment with the reports created by all teams of the business.
Good Returns: Data warehousing enables a business to generate a higher amount of revenue due to cost savings. Investments on time and resources required for the gathering of resources are reduced by large margins. Businesses in addition can have an accurate analysis on their performances and the aspects that could be improved. Data Warehousing enables the generation of accurate insights and reports without any third-party assistance.
Based in Jacksonville, SGS Technologie is an established provider of data warehousing services and developer of data warehousing systems in Florida. Contact us today to discuss what customized data warehousing solutions we can provide your firm.