1. Data warehouses store historical data from various sources in a centralized location to facilitate reporting, analysis, and decision making. Building a data warehouse can be costly but provides value, especially for large businesses.
2. Business intelligence utilizes data from data warehouses to generate reports, analyze trends, and provide insights in easy-to-understand formats to support quick and effective decision making.
3. Together, data warehouses and business intelligence tools provide executives and managers with consolidated historical data and analytics capabilities to help improve business performance and make more informed decisions.