Why do companies need a data warehouse?
With companies embarking on digital transformation of their business operations, almost every business process is becoming dependent on a multitude of IT systems and the data those systems record and maintain. For companies to operate efficiently and achieve their goals, employees from top-level executives to individual contributors need efficient access to data and analytics that provide actionable insights into how a company is operating, areas of risk or concern and opportunities for competitive advantage.
- Data-Driven Decision Making - Corporate decision makers will no longer have to make important business decisions based on limited data and hunches
- Data quality and consistency - Since data warehouses gather information from different sources and convert it into a single and widely used format, departments will produce results that are in line and consistent with each other
- Quick and easy access to do - Speed is an important factor that sets you above your competitors, Interactive Data visualizations – Charts, Maps, Graphs, etc.
- Creating solid reporting structure for management and C level
- Creating ground for Advanced Analytics and Machine Learning models
- Deploying Analytics across all organization
