How successful a company will be in the future depends entirely on the decisions they make in the present. For those decisions to be beneficial to the company, it is necessary that they are taken after an analysis of all the data available to the organization. Today, big data is all the rage for this very reason. Companies that correctly utilize all the data at their disposal reap the benefits in the form of accurate predictions and the effective forecasting of trends. This allows them to make decisions and implement them in a way that will serve them best. This is what is referred to as Business Intelligence (BI) in today’s day and age.
Needless to say, business intelligence relies quite heavily on data and that is where data warehousing comes into the picture.
What is Data Warehousing?
So, what is a data warehouse? How is it any different from regular databases? Why do you need it? A data warehouse is a system designed to collect and store data from various sources and assist in making management decisions after an analysis of all the data present. For this reason, data warehouses also use a different design from traditional operational databases. While regular databases are optimized to maintain the strict accuracy of data by rapidly updating data in real time, data warehouses serve a completely different purpose.
Data warehouses are designed to give a long-range view of data over time. Their specialty is data aggregation. The processes of extraction, transformation, and loading (ETL) populate the data warehouse with data from various operational systems and databases, as well as external data sources. With this data eventually converted into useful information, it supports business decisions by allowing data consolidation, analyses, and reporting at different aggregate levels.
To put it simply, we can say data warehousing is the process in which information is stored for access and analysis to drive better decision-making in an enterprise.
If you or your company are in need of data warehousing solutions but aren’t quite sure where to begin, you should first opt for data warehouse consulting from a reputed and professional solutions provider that can understand your needs and requirements and satisfy all your queries related to the process.
The Importance of Data Warehousing for Your Business
How can data warehousing help you and your business? As mentioned earlier, there is a need, today more than ever, to leave your competitors behind in the race to gain a larger audience and customer base for your products and services. It isn’t just about who produces the best products or provides the best services anymore. If you don’t make the right decisions that are based on concrete data and evidence, all your efforts and hard work will be for nothing as you watch your competitors take over the market. All this, of course, can be changed with the effective use of big data and business intelligence.
BI requires huge amounts of data from the operational systems that make up the core of your business to provide valuable and meaningful information that is easy to understand. It then lets you make strong decisions, analyze short- and long-term trends and identify opportunities and problems as they become apparent.
Surviving without business intelligence today is impossible and this is something every business owner realizes all too well. Data warehousing is, thus, integral to the survival of businesses as it has a massive role to play in making business intelligence possible.
Here are some of the tasks that can be performed using data warehousing.
- Track, manage, and improve corporate performance.
- Monitor and modify a marketing campaign.
- Review and optimize logistics and operations.
- Increase the efficiency and effectiveness of product management and development.
- Query, join, and access disparate data pulled from multiple sources.
- Manage and enhance customer relationships.
- Forecast future growth, needs, and
- Cleanse and improve the quality of your organization’s data.
Why You Need Data Warehouse Consulting
Data warehouse consulting assists you in every way possible as you delve into the world of data warehousing. This could be in the form of help in setting up your first data warehouse, training your employees on how to effectively operate and maintain it, performing analysis on the data, and just about anything in between.
Why do you need professional data warehouse consultation services? The reason is simple: the integration and aggregation of data from many different sources into a single one isn’t an easy job. However, because data warehousing is an absolute necessity for business intelligence, you will suffer the consequences if you neglect it.
Give Your Business a Competitive Edge
A small amount of data is easy to query and analyze but when it gets big and unmanageable, data warehousing becomes a must. From designing the data warehouse to optimizing data reporting through generating ad-hoc queries and everything in between, you need data warehouse consulting to help you with all this and more. Your insights will only be as good as your data and consultation can assist you in making the most of it, helping you achieve more with less by getting accurate information to base your decisions on. However, when choosing a firm to cater to your consulting needs, be sure to pick one with relevant experience, a high level of expertise, and a large, highly satisfied customer base.
For more information, get in touch with us.
Exist Management LLC (ExistBI)
1800 Century Park East, 6th Floor
Los Angeles, CA 90067
Exist Business Intelligence Limited (ExistBI)
London, WC1H 9BB
Phone: +44 (0) 207 554 8568