Over the years, cloud-based technology has changed the business world in a revolutionized way by allowing companies from small startups to huge corporations to easily retrieve and store data of its customers, products, and employees with ease making its operational capacity to expand and maximize more resources efficiently by using the data as a source of information that is crucial to making business-related decisions.
A lot of global brands and corporations are already influenced and are now utilizing data warehousing as a method to organize its data that streams in from different corporate branches and operational departments around the world and it is already considered an essential IT-related service that should be taught as an important aspect of those who are thriving to become Information Technology (IT) professionals of how data warehousing becomes a key factor in businesses’ success and competitive in this rapidly evolving and fast-paced global marketplace.
So how important is data warehousing for a business? Before you proceed in learning its importance, it would be also being equally important for you to learn the definition of data warehousing. A data warehouse is a system where it stores data from a company’s operational database also included in it is its external resources through cloud service providers or hosts. Data warehouse platforms are different from the operational database for its historical information. This makes businesses to easily analyze their data over a specific period of time and it also sorts out data based on different subject matters like the activities of a business, the products, and its customers.
Data warehousing plays a crucial role in businesses today and it has an increasingly grown importance as a business intelligence tool that allows businesses to ensure consistency through programmed application that uniforms the format of all the collected data that makes it convenient for corporate decision-makers to come up with accurate analysis and shared data insights within the business analysts. It also creates better business decisions by developing data-driven strategies for successful business leaders to follow by improving the speed and efficiency of accessing different sets of data that makes it easier to come up with an efficient and effective decision that is derived from insights that guides businesses to effective marketing strategies that earns them more edge to their competitors.
Business Intelligence (BI) professionals are the ones that manage data warehouses for their clients. They are data architects, coders and analysts, and database administrators. When it comes to developing a Business Intelligence (BI) software, it was first used in 1970.
The key general categories of Business Intelligence applications that businesses are benefiting today are spreadsheets, reporting and querying software, online analytical processing, digital dashboards, data mining, business activity monitoring, local information systems and data cleansing.
Generally, to give you a simpler explanation about the importance of data warehousing, it is all based on one central premise by warehousing which solves recurring problems of analyzing separate data and converting it into a piece of executable information where you can use and study. Warehousing also lets you process large amounts of complex data efficiently.