Indeed the struggle to achieve goals is not an easy one, and you need to make sure that you make every effort to outperform your competitors. This may be the reason businesses decide to opt out of it when the challenges become realistic. However, the key to success is fighting for your goals, and your data forms a huge part of it today. Data warehouse consulting can offer you the assistance to store data securely and strike back with greater force to achieve your goals.
Isn’t a database enough?
You may have asked this question to yourself many times and the reassuring answer would be ‘Yes’, but is it?
There is a huge different between a database and a data warehouse. A database is what is referred to as an application that is designed to make transactional systems run proficiently. This database is often referred to as Online Transaction Processing (OLTP) database. For example, a system at a hospital is an applications running on the OLPT database, and therefore is confined to a single application.
On the other hand, a data warehouse is a different kind of database, referred to as an Online Analytical Processing (OLAP) database. The main function of a data warehouse is to extract, transform and load data from all the data bases, and create a layer that is dedicated to, and optimized for analytics.
Therefore, you cannot rely on a database if you look forward to sales increase, growth, profitability and success. You need a data warehouse!
What has cloud-based technology brought to the table?
This is another thing you would want for your business, and opting for data warehouse consulting can make the transition easier. The ever-growing inflation rates have pushed the world towards more streamlined and cost effective solutions, one of which is cloud. With cloud-based technology, you can cut your data storage costs significantly, making it easier for you to link your data warehouse with different cloud databases, and have your data in one place and make sense of it in just a few minutes, or even seconds.
It is key to equip the coming generation with key IT concepts and tools that will prepare them for the challenges and the fierce competition ahead.
How can data warehouse consultants help?
Data warehousing consultants provide wide ranging benefits to their clients by offering them an infrastructure and a solution that aid in business intelligence. More specifically, here are some of the benefits:
- Data warehousing will ensure consistency
Data warehouses apply a uniform format to all data which makes it easier for users to analyze data and share insights with colleagues.
- It will help in better decision-making
It will allow you to develop and implement data-driven strategies, and make decisions that are based on facts. It improves speed and efficiency of accessing data, as well as deriving insights.
- It will improve the bottom line
It will allow users/ leaders to access and evaluate their past performance, and adjust their current or future strategies to improve business performance.
ExistBI is one of the leaders in data warehouse consulting and business intelligence. Here is a short video on our approach to data warehousing: https://www.youtube.com/watch?v=2NlwlY9AbQo&list=PLREDZv-uBI04ZURzNYmMu6d_ZqkEm4Nne
For more information, stay tuned to our blogs.