https://www.datatobiz.com/blog/data-warehousing-as-a-service-for-business/
The role of data is changing significantly with advanced methodologies used for upgrading sales and integrating business intelligence in the organisational schema for better outcomes.
But in the absence of proper tools and techniques to manage and organise such a large pool of data, results might appear too far-fetched. So, what is the way out to handle bundles of unstructured data and harness its true potential for catalysing the growth?
Data warehousing is the solution that enterprises seek to support in decision making and grabbing potential markets using real-time insights provided by it. Data analytics helps in reporting, analyzing, and creating numerous use cases that revolve around solving your business problems.
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Data Warehousing as a Service (DWaaS): Faster Business Decision Making
1. Data Warehousing as a Service
(DWaaS)
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Make Faster Business Decisions
2. Data warehouse is an advanced system designed to help enterprises
perform data analysis and reporting. Organisation has multiple
sources to collect data; therefore, it requires an advanced approach
that structures all collected data and harnesses the value from it to
speeds up the decision making process and contribute to the faster
growth of the organisation.
But modernising the use of such a huge chunk of unstructured data
requires an innovative approach. Therefore, enterprises trust DW-a-a-
S for this purpose where data usage by integrating the organisation’s
operational system (ERP, Historian, PI System) can be simplified under
one hood termed as data warehouse and refining process can work
better to fit in the use cases that directly contributes to the growth
and market capitalisation.
What is Data Warehousing & How It is Helping
Enterprises Grow Rapidly Through DWaaS
4. Bettering Business Intelligence
Decisions are important in business and they can be perfect when fuelled by
insights from real-time data collected. While framing the business strategy
or setting up a specific operational module as a standard operating
procedures (SOP), corporations have to rely on data driven facts that can
help them take concrete decisions.
Real-time insights from unstructured or parsed data that establishes a
better data visualisation can increase the efficiency in market segmentation,
inventory management, financial management and lastly sales.
In this way, the business can grow up to become much more competitive
and market ready to withstand any disruptions occurring at the technology,
trends or consumer behaviour.
5. Data warehouse is not just a godown storing information rather a place that
expedites data retrieval process and organise data engineering and
analysis. When you need to make quicker decisions, presence of a system
that can query the stored data in a structured manner and provide real-
time feedback simply make the process swift.
The high performance data analysis helps in understanding trends and
adopting as per the change so that better decisions can be made in due
time that delivers results for the corporations.
Setting Up High Performance Data Analysis
6. Data warehouses creates one single dashboard that stores KPI or Key
Performance Indicators. Some of the data indeed are KPIs that influence
decision making and when they are available in a flash, it saves a lot of time
for the corporation.
When one dynamic dashboard works in the organisation, the higher
management do not have to rely on the IT team for collecting data.
When you have access to one single dashboard that performs multiple
functions, decision making becomes faster as you do not have to spend much
time on gathering data, rather, you can focus more on the analysis that can
influence the outcomes.
Faster Data Access
7. Quality Enhancement
Quality enhancement is necessary for creating a frugal data
visualisation that has the potential to influence decision making with
long term objectives. In data warehousing, collection of data happens
from multiple sources that make them consistent and standardised.
As there is one single dashboard that controls all the data stored in the
warehouse, different departments in the organisation like sales,
marketing and operations easily access the data and use it for meeting
their designated objectives. The availability of key data at the right time
support faster decision making and better results for the organisation.
8. Better ROIs
The core purpose of using data warehousing as a service (DW-a-a-S)
by most corporations is to minimise the cost and push up the profits.
But this stuff is not as simple as it may sounds to you.
Data simplifies the process though with future speculations by
identifying the habits of the consumers, market and suggesting future
trends based on which the planning can work. Such key inputs
influence decision making with real time analytics to support or stand
against market disruptions.
With such an approach, ROIs are bound to fall into place that benefits
the organisations at large.