Data Warehousing: Top 5 Benefits of Data Warehousing Unveiled
The terminology "Business Intelligence" depicts an essential procedure that business organizations carry out in order to collect all of their raw data (unanalyzed data) from diverse resources, so that it can be processed into usable information. This processed PureData is then utilized to do the analysis of market, forecast hottest trends, create policy and so many other things. For any efficient endeavor of business intelligence, the data warehousing is regarded as the vital constituent.
An interesting fact which most of the business owners and entrepreneurs fail to notice is that the warehousing of data much more than only the traditional database-like way of collecting and storing info. While the conventional databases merely hold data, a proficiently designed and organized Netezza data warehousing structure’s basically comprised of the three primary sections, including staging, integration and access. Some of the notable benefits of making use of data warehousing technique are explicated below:
- Enhances Business Intelligence – As aforesaid, the data warehouses collect data from multiple sources, so the executives and managers of business organizations do not have to make critical decisions depending upon the limited amount of data. In addition to it, the business intelligence and PureData warehouses can be directly applied to diverse processes of the business, including sales, financial management, inventory management and marketing segmentation.
- Saves Priceless Time – As users are able to access decisive data quickly from a wide variety of Powercenter sources, right in one spot, they can efficiently and swiftly make well informed decisions upon the core initiatives. They will not be obliged to retrieve data that save loads of precious time. Another interesting pro of data warehousing is that the executives of firms are able to query the required data themselves.
It can be done without getting the assistance of IT personnel that ultimately saves money as well as time. It entails that now entrepreneurs would not need to sit back till the IT support gets around, in order for the creation of reports.
- Perks Up Consistency and Quality of Data – The implementation of Netezza data warehouse comes with a terrific feature that has the competence to convert data from diverse sources into a simple format. This way, each kind of data which is often collected from different departments gets standardized. In result, each and every department of a business organization will generate results which are in complete accordance with the other ones. Evidently, it enhances the overall data’s accuracy and the accurate data’s the first step to making perfect business decisions.
- Offers Historical Intelligence – The data warehouses are capable of storing the gigantic amount of the historical data, which can be utilized for the analysis of different trends of various time periods to forecast the future. Typically, it is not possible to keep such kind of data in any conventional transactional database
- Disaster Recovery – Whenever it comes to the disaster recovery, the data Powercenter data warehouse systems offer all-encompassing security. As data from the different systems is eventually sent to the data warehouse, therefore, it acts as a source of backup.