What is Data Warehousing and Why is it so Important?
Most businesses know they need to leverage data in some way but creating a data strategy can be daunting.
Which data should be analyzed? How should it be stored? What’s the best way to get actionable insights?
Data warehousing creates a manageable solution.
What is a data warehouse?
While many organizations efficiently handle day-to-day data, it’s not always optimized for analysis.
Data warehouses can change that.
A data warehouse is a system that stores and manages data in a useful manner.
Imagine a warehouse, with organized shelves and a record-keeping system; you can extract useful information exactly when you need it.
The data warehouse might contain many databases, each properly organized, that can be used for research and analysis. So, you can find the answers to company-wide questions.
What’s more, transactional databases and data analytics databases can be stored separately for ease and speed.
What is the link between data warehouse development and business intelligence?
Business intelligence (BI) is the name we give to the collection, organization, and analysis of data for insights. It helps us make useful decisions about businesses.
For example, it could be that we want to speed up delivery times or examine shopping patterns. Business intelligence helps us do this by analyzing what’s happening currently or historically.
To function properly, business intelligence needs enriched and central data, and data warehouses could act as the foundation of your strategy. They are designed to support BI through consistency and accuracy, consolidating data from different sources.
Note: Business intelligence can sometimes refer to the tools used in the analysis process.
Why companies invest in data warehousing projects?
Business intelligence is clearly important, but why choose to invest in a data warehousing project? Well, we believe data warehouses are one of the best ways to get the right information in the right place, at the right time.
By leveraging data properly, the ability to make your company more profitable and grow faster is at your fingertips.
Read how data warehouse development helped Geocell get the most out of their new billing system.
What does data warehouse development involve?
Data warehouse development projects need detailed analysis, logical model design, and regular data transfers from various sources into the central warehouse database.
Before beginning development, it’s important to undertake an assessment and analyze the requirements of the business. That way, the data warehouse can be designed according to your needs.
A core component of data warehouse development is, of course, the way it handles data. At InspireIT, we focus on Extract-Transform-Load (ETL) processes to help data flow seamlessly. Once we have analyzed and understood your data needs and sources, we can work on implementing the right data processes for you.
It’s also important to integrate business intelligence tools that are efficient and give visual/in-depth analysis. That way, you’re not just accessing data, but gaining valuable insights.
Data warehouse development consultancy services
Your data warehouse needs to be right for you. So, it’s important to find a consultancy that understands both data analytics and your business. InspireIT offers services that add value to your project.
This includes:
- Project management
- Requirements analysis
- ETL-based development
- Data cleansing
- Maintenance and management
- Analytical data processing (OLAP)
- …and more.
We also offer business intelligence solutions and reporting services, to help you get all-important, accurate information to make strategic decisions.
Why InspireIT?
We provide the most appropriate business intelligent solutions for your company, based on analysis and deep industry knowledge. To get in touch with one of our experts, simply send us an email to info@inspirit.com.tr
Looking for more information? Visit our services page to find out what we offer our customers.
