Data warehouses are centralized data storage systems that allow your business to integrate data from multiple applications and sources into one location. This provides an environment that is designed for decision support, analytics reporting, and data mining. When you isolate and optimize your data, you can manage it without impacting primary business processes.
In general, the benefits of data warehousing are all based on one central premise: warehousing solves the ongoing problem of analyzing separate data and converting it into actionable information you can use. Warehousing also allows you to process large amounts of complex data in an efficient way. When you successfully implement a data warehouse system, it’s possible to access the benefits associated with the practice— the very benefits that are making data warehousing a common practice for many businesses today. The following are some of the ways to increase efficiency, profitability and overall success through ETL and data warehousing.
- Enhanced business intelligence: The insight gained from data warehousing has a lot to do with improved access to information. Business leadership no longer has to make decisions based on incomplete information, so the decisions that affect strategy and operations are based on data-driven facts and supported by relevent information your organization has gathered over time. Another aspect of this is that leaders are better informed about data queries and can retrieve information based on their specific needs. According to Exforsys, the increased business intelligence you gain can be directly applied to business processes like market segmentation, inventory management, financial management, and sales.