There are a lot of misconceptions about an enterprise data warehouse, with some even believing that the traditional data warehouse is dead. An effective enterprise data warehouse produces many significant benefits, with the value of a data warehouse solution being directly related to achieving the goals of your business. Here are the top 3 advantages we believe an enterprise data warehouse provides.
Enhance business intelligence – Data warehouses have a history of providing deep insights to the enterprise, but not always to the right people. A data warehouse that is built to scale and grow appropriately, can become the fastest way to turn data into insights. With improved access to information, managers and executives will be able to make critical data-driven decisions based on credible facts backed with concrete evidence and actual organizational data. Enterprise data warehouses have been around for decades, but have become a vital part of an organization’s strategy to improve business intelligence capabilities.
Save time and money – Some companies lose money spending too much time pulling data from multiple sources. Marcus Hogins, Senior BI/Analytics Consultant for Think Data Insights states, “Most of the data warehouses I have built had to bring in data from as many as a hundred different clinics/site locations for which management had no window into the data for all sites, except to pull the data individually from each location and sum it up manually. Having a centralized data warehouse, with an automated method of collecting and integrating the data allows an almost instantaneous view of the comprehensive business metrics for all sites at once.”
Increase system and query performance– Data warehouses are specifically constructed with a focus on increasing the speed of data retrieval and analysis. With a solid data model, you can quickly query the data being pulled from a large volume of integrated, quality information that is stored in the data warehouse. Having these analytical systems constructed differently than operational systems distributes system load across an entire organization’s technology infrastructure. By querying and analyzing data within the data warehouse, organizations can improve operations and enable more efficient business processes, thereby increasing revenue and raising profits.
Having an enterprise data warehouse can make a substantial difference in the overall success of your business. In short, the enterprise data warehouse is a centralized database that stores all information associated with your organization. The warehouse makes that data available to all authorized users, while also offering support in the form of in-depth analysis and detailed, accessible reporting.
Are you ready to take the next step in your analytics journey? Contact us today!