Negosentro | 5 Essential Reasons Why Investing in Enterprise Data Warehouse Is a Must | Today’s businesses are more data-driven, which is why they need to use their existing data to make decisions faster and enhance business processes. Enterprise data consist of observations regarding the company’s revenue, spending, and customer behaviour. Since companies use data analysis and business intelligence involving integrated data from contrasting sources, enterprise data warehouse solutions must gather the necessary analysis.
The enterprise data warehouse (EDW) is the key stockroom of data gathered from multiple sources. It generates enterprise data and presents it for business intelligence, analysis, and data-guided decision-making. However, not all existing companies are aware of the importance of this solution. Here are the key reasons why your company should start investing in EDW as soon as possible.
Reason #1: Boosts Integration
Most organisations record data in different systems that support the various business processes. The data must be collected in one place and become compatible with developing an overall idea about the business operations, suppliers, and customers. As a result, it will create a single concept.
To achieve better integration, your company must merge and group external and internal data as part of your enterprise data warehouse solutions.
Reason #2: Accelerate Response Times
The source systems are fully advanced to process plenty of little transactions like orders in the shortest time possible. On the other hand, getting information regarding the organisation’s performance only needs several big transactions where larger data volumes are collected and assembled.
Also, the data warehouse structure is particularly designed to rapidly analyse larger volumes of data.
#3: More Flexible and Faster Reporting
The enterprise data warehouses and data marts structure allows end-users to present in an amenable manner and rapidly conduct interactive analysis depending on different predefined dimensions. These reports may use a single mouse click short from year level, to a quarter level, to a month level, then rapidly switch among the customer dimension and the product angle. At the same time, the indicator continues to be constant.
By doing this, the end-users can shuffle the data. As a result, it can quickly attain knowledge regarding business operations and other performance indicators.
#4: Recording Alterations to Establish History
Most of the time, source systems do not maintain a history of detailed data. It means the existing values may get overwritten once the customer moves to a different location or gets transferred to another product group. This situation can eliminate the data in the system or place them in an untraceable location.
It will be a problem in the long run since old values are necessary to collect reliable information. But with the help of enterprise data warehouse solutions, the data changes in the source system will remain recorded to let you process historical analysis.
#5: Boost Data Quality
The company’s stakeholders and users often overestimate the data quality found in the source system. However, these source systems usually collect data that have poor quality.
Using an enterprise data warehouse, you can generally improve and enhance the data quality by correcting the data as it loads or fixing the problem from the start.
Aside from these reasons, using an enterprise data warehouse helps boost the files’ recognizability with just a few steps. It means you no longer need to spend a lot of time looking for particular data when making reports. As a result, you and your staff will have more time doing other essential tasks to help you reach your business objectives.