You would agree that business intelligence (BI) as we know it today is impossible without a data warehouse (DWH). To have your BI engine answer complex questions, you would need to centralize & store all your data in DWH safely. As data warehouse popularity grows, more companies are starting to wonder what the fuss is all about.
What Is a Data Warehouse?It is a data management system that stores large amounts of data to be used later in processing and analysis. This information is then sorted into rows and rows similar to well-organized shelves. It enables locating the data easily.
If you were wondering as well, you have come to just the right place; without further ado, Here are the key benefits of data warehouses for any modern business:
Time and cost savings: Among the primary benefits of data warehouses is their ability to empower companies to save their most precious resources, i.e., time and money. How? Data warehouses can gather and store data from various sources in one place, thus easing the total integration of all company data. As a result, companies can save money and time with data warehousing since it allows all users to make decisions quickly based on data.Intelligence-driven decisions: One of the more sought-after advantages of data warehouses is the ability to deliver enhanced insights that enable executives and key stakeholders to make more informed and smarter decisions for the business. Data warehouses help with this by ensuring that all company data, be it historical, current, or real-time, is stored within a centralized platform. As a result, all authorized personnel can access relevant company data from a single location, allowing them to use data effectively and quickly at that. Furthermore, with data warehousing, decision-makers can access better and significantly more reliable data analysis.Better consistency of data: Data warehousing brings a world of benefits. Yet another essential benefit on the list is data consistency. But exactly how does a data warehouse help with improving the consistency of a company's data? It is pretty simple: what a data warehouse does is transform data gathered from various distinctive sources and funnel it into a single location & that too in a standard format for all the data flowing in. This process of consolidating all of the company's data into a single location, in turn, substantially enhances the overall consistency of the company's data.Improved return on investment: It is imperative to understand the cost of poor data quality; research shows that poor data quality can cost organizations roughly $12.9 million annually. It is, as you can imagine, a big no-no. So, what can a new-age business do? Since data remains crucial for staying ahead of the curve while also driving innovation and business growth, a data warehouse can help companies better use their data, thus ensuring robust ROI for the business.Data brings forth benefits for anyone who chooses to leverage it. Then, all one needs is the right set of tools and solutions to enable companies to put all their data to drive their business's growth to new levels. Of course, the market has plenty of solutions and technologies that may help with all that though none has proven to be quite as handy as data warehouses — as demonstrated in the above discussion. So, what are you waiting for? Start looking for a trusted cloud data warehouse consulting services provider immediately!
About the Author
Olivia Johnson is a technical writer, love to share stuffs related to technology & development.
