FOR BUSINESS ANALYSIS
A DATA WAREHOUSE ALLOWS ITS USERS TO EXTRACT REQUIRED DATA FOR BUSINESS ANALYSIS AND STRATEGIC DECISION MAKING.
To understand what Data Warehouse (DW) is, let's consider a multi-location banking system. In order to manage millions of accounts, the bank has to maintain loads of data. For implementing any new business idea the bank has to analyze the data at different locations and base its decision on its data and hence the data should be in a format that allows the business analysts to have clarity of the account holders and their transactions. And all the required data can be obtained from DW. So DW can be defined as a storage area for processed and integrated data across different sources (operational data & external data).
WHO NEEDS DATA WAREHOUSE?
- Decision makers who rely on mass amount of data.
- Users who use customized, complex processes to obtain information from multiple data sources.
- It is also used by the people who want simple technology to access the data.
- It also essential for those people who want a systematic approach for making decisions.
- If the user wants fast performance on a huge amount of data which is a necessity for reports, grids or charts, then Data warehouse proves useful.
- Data warehouse is a first step if you want to discover 'hidden patterns' of data-flows and groupings.
KEY FEATURES & BENEFITS
- Quick Access: Data warehouse allows business users to quickly access critical data from some sources all in one place.
- Consistent Information: Data warehouse provides consistent information on various cross-functional activities. It is also supporting ad-hoc reporting and query.
- Reduce Stress: Data Warehouse helps to integrate many sources of data to reduce stress on the production system.
- Reduce Total Turnaround Time: Data warehouse helps to reduce total turnaround time for analysis and reporting.
- Easy Reporting and Analysis: Restructuring and Integration make it easier for the user to use for reporting and analysis.
- Access to Critical Data from the Number of Sources: Data warehouse allows users to access critical data from the number of sources in a single place. Therefore, it saves user's time of retrieving data from multiple sources.
- Storing a Large Amount of Data: Data warehouse stores a large amount of historical data. This helps users to analyze different time periods and trends to make future predictions.
Data warehouses are powerful and useful, but require large amounts of work both upfront and on an ongoing basis to use and maintain. EJADA will simplify the process for you and will be your helping guide to serve many users across your organization.
