Core Aspects of Data Warehouse Development
This is a relatively new concept though a lot has been spoken and a lot has been implemented using it. For a preview, a data warehouse (DW) is a collection of corporate information and data derived from operational systems as well as external data sources. It is different from a database. The purposes of data warehouses are to support business decisions by allowing data consolidation, analysis and reporting at different aggregate levels. Another confused thought is the comparison of data warehouse to business intelligence systems that are developed for assisting the regular reporting needs of a business and/or organization in Florida.
In contrast, Data Warehouses do not have real-time performance requirements that are similar to OLTP (Online Transactional Processing) data systems. Such systems may contain the data relating to one small portion of a business, while data warehouses encompass all data relating to the business. For example, an OLTP system may process data that is only connected with the employee count of a business or a government agency. But a data warehouse will store data regarding all departments of a business such as its employee count, stock, expenses, sales, insurance, assets, and more.
The core advantage of developing data warehouses for your business in Florida is that all information can be easily accessed from one place whenever required. There will be no problem in lack of storage space as well as maintaining accuracy of information, as everything will be stored digitally. In addition, all information can be accessed within seconds as there will be no need to scan tons of paper files or check different systems.
Any new input of data or information will get stored instantly on data warehouses. This also ensures maximum accuracy and is achieved through continuous two-way communication operational systems and data warehouses. Any business change, such as an increase in prices or reduction of supply/inventory will first be prototyped and forecasted within a data warehouse environment for a business to reliably predict, next quantify the outcome. That is data warehouses will be able to assess business performance for the previous years as well as create strategies based on accurate predictions for the coming period of time.
As the background of data warehouses has been determined, the following are its main aspects:
Value: Data Warehouses give more business value to the time and resources spent during a course of time. This is achieved by providing information about the business environment more quickly. It means that managers can respond to changes rapidly.
Quality & Consistency: A data warehouse implementation includes the conversion of data from numerous source systems into a common format. Since each data from the various departments is standardized, each department will produce results that are in line with all the other departments. So you can have more confidence in the accuracy of your data. And accurate data is the basis for strong business decisions.
Time Saving: Data Warehousing enables government officers and business managements to quickly access critical data from a number of sources on one platform. Hence, rapid business initiatives or decisions can be taken. Precious time won’t be spent on retrieving data from multiple sources.
Headquartered in Jacksonville, Florida; SGS Technologie specializes in data warehouse development. We also provide data warehousing solutions to clients in Tallahassee, Texas and other parts of the United States. Drop us an email or visit any of our offices for a good discussion on how we can be of assistance to your business or enterprise.