What is a Data Warehouse and how important is it in your digital strategy?
Posted: Tue Dec 17, 2024 6:35 am
Creating a Data Warehouse, a corporate database, is essential for reporting and analyzing data. This enables correct decision making and is considered a key component for implementing Business Intelligence in a company.
For companies, digital transformation has become a fundamental part of data collection and analysis, and this is due to the well-known Big Data solutions .
However, since the 1980s and thanks to Paul Murphy and Barry Devlin, researchers at IBM, the Data Warehouse, a repository of commercial data, was developed.
But what is it? What are its benefits? What are its djibouti email list 20611 contact leads characteristics? Find out these questions and more in this article. Keep reading!
What is Data Warehouse?
It is a corporate database that centralizes, integrates and refines the information it collects from all areas or departments of a company .
The Data Warehouse allows data analysis from a multitude of perspectives and with a high response speed.
Furthermore, it is a fundamental part of the organization, understanding, analysis and use of information to make strategic decisions about establishing regulations, objectives and posing risks.
Main benefits of a Data Warehouse in a company
This database allows companies to implement multiple functions, for example:
store historical data so it gives the ability to predict future situations in different scenarios;
facilitates communication between departments with centralized information;
Since it is based on integrated and global data, it favors decision-making in any area and provides greater speed when making queries and accessing information;
Provides technological optimization of information, statistics and report generation with excellent returns on investment ;
facilitates the application of statistical analysis and modeling techniques to find hidden relationships between warehouse data;
improves relationships with customers and suppliers;
data is transformed into knowledge;
increases productivity in the company.
Data Warehouse Features
The Data Warehouse is characterized by being:
Integrated
All similar data stored in a Data Warehouse must have a common unit of measurement established, that is, they must be integrated with a consistent structure. This helps with strategic and effective data analysis, so existing inconsistencies must be eliminated.
So, in other words, consistency in coding structure, naming conventions, attribute measures, among others, must be ensured.
For companies, digital transformation has become a fundamental part of data collection and analysis, and this is due to the well-known Big Data solutions .
However, since the 1980s and thanks to Paul Murphy and Barry Devlin, researchers at IBM, the Data Warehouse, a repository of commercial data, was developed.
But what is it? What are its benefits? What are its djibouti email list 20611 contact leads characteristics? Find out these questions and more in this article. Keep reading!
What is Data Warehouse?
It is a corporate database that centralizes, integrates and refines the information it collects from all areas or departments of a company .
The Data Warehouse allows data analysis from a multitude of perspectives and with a high response speed.
Furthermore, it is a fundamental part of the organization, understanding, analysis and use of information to make strategic decisions about establishing regulations, objectives and posing risks.
Main benefits of a Data Warehouse in a company
This database allows companies to implement multiple functions, for example:
store historical data so it gives the ability to predict future situations in different scenarios;
facilitates communication between departments with centralized information;
Since it is based on integrated and global data, it favors decision-making in any area and provides greater speed when making queries and accessing information;
Provides technological optimization of information, statistics and report generation with excellent returns on investment ;
facilitates the application of statistical analysis and modeling techniques to find hidden relationships between warehouse data;
improves relationships with customers and suppliers;
data is transformed into knowledge;
increases productivity in the company.
Data Warehouse Features
The Data Warehouse is characterized by being:
Integrated
All similar data stored in a Data Warehouse must have a common unit of measurement established, that is, they must be integrated with a consistent structure. This helps with strategic and effective data analysis, so existing inconsistencies must be eliminated.
So, in other words, consistency in coding structure, naming conventions, attribute measures, among others, must be ensured.