Data Warehouse: The First Step Towards Business Intelligence

As has been said numerous times before, Data is the New OIL! And just like Crude Oil has to be properly treated to bring out the expensive and useful after-products, Data also requires an entirely different process before being able to extract insights from it. That process start with a Data Warehouse. In this article we will further explore the benefits of Data Warehousing for a business.

Data Warehouses are the foundation for a successful BI platform. The concept behind data warehouse is to build a permanent centralized respository for current and historical data by collecting information from various data sources and transforming it to meaningful data. This data is required to support a company’s analysis, comparison, reporting, and other BI functions & capabilities. 

The majority of organizations use software applications for operations or planning such as ERP, CRM, and Finance systems to manage their business. All such applications produce a large amount of data every day, and proper analysis of this data can provide valuable insight into business performance.   

 
 

How a Data Warehouse Benefits a Business 

Data warehouses offer the most reliable and accurate way for organizations to store and access structured data. They improve cross-organizational data access via reports, dashboards, and analytics tools and help businesses better monitor performance and improve decision-making through reliable data. Here’s how having a data warehouse can benefit a business: 

 
As can be derived from the above benefits, a data warehouse allows a business to effectively design its operational strategy and make it possible to gain critical real-time insight into the current ongoings. The historical context of the data coupled with the quality and speed can drive smarter, metric-backed decision-making, leading to higher sales, more efficient processesScience Articles, and tremendous competitive advantage.  

 

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