Businesses that integrate the most effective policies and practices tend to be the most successful. In order to “get the big idea” you have to know where to look. Today’s most successful companies are setting up business intelligence platforms and leveraging the information they find in their data to influence better business decisions and to gain a clear advantage in their markets. A core component of a thriving business intelligence system is a data warehouse.
Just like with any complex organization, many departments, divisions and resources within a business are using multiple applications in the fulfillment of their daily jobs. In order to take advantage of the important insights the data of an organization holds, it is important to draw information from multiple sources. Many organizations do not know where to start when looking at how to store the aggregated information needed for better decisions. This is where the development and maintenance of a data warehouse is critical.
A data warehouse allows an organization to take production data from multiple sources and retain it for structured use in building reports, dashboards or to move into other data systems. The sources of information can be databases, online software packages (such as Sales Force), as well as direct analysis data. By keeping a complete data warehouse with elements from every aspect of your business, it provides decision-makers the ability to rely on their integrated business intelligence platform to make sound business decisions.
As it relates to business intelligence, the data warehouse plays several key roles. They include:
- It allows data from multiple applications and data sources to integrate together in a format that better represents the entirety of the business.Tying data from disparate sources together allows for deeper insights.
- They allow data to be analyzed without affecting the production databases. Since the warehouse is a separate system, the chance of slowing down or breaking a production data source is reduced.
- It provides data labeling and categorization formats in a manner that represents the organization rather than the application or data source. This allows for reports to produce consistent formatting and information even if production data sources change.
- It provides cost protection. Cloud based data warehouses such as Microsoft Azure SQL or Azure Data Warehouse are cost effective for easy turn up and low long term costs.
With a comprehensive data warehouse at their disposals analysts can determine much more than trying to look at departmental information alone. The facets of your business are all connected in some way, and by using the data warehousing method, it can make a major improvement in your organization’s business intelligence platform; and, with it a boost in your administrator’s’ ability to make sound business decisions that will benefit the entire business.
If you would like more information about business analytics, data warehousing, and other business intelligence matters, call the IT professionals at IronEdge Group today at (832) 910-9222 .