Data Warehousing Advantages
Data warehousing is a process that stores business historical data in a virtual warehouse. There are a number of data warehousing advantages that make the technology attractive. Data warehousing advantages provide businesses the upper hand in the market against competitors. Data warehousing advantages are being looked at more and more as a key function to operate a successful business. Data warehousing advantages can be used to identify patterns or trends from historical data and may also be used with other systems, like online analytical possessing, to gain even more advantages. These are just a couple of reasons why data warehousing advantages are important and useful.
Data warehousing advantages, time
One of the biggest data warehousing advantages that businesses find attractive is the time they can save by using a data warehouse. Not only will you be able to spend less time attempting to analyze and report on various sources of data and looking for potential patterns and trends, but businesses will also have quicker access to their data. This also means that the right data or information extracted from the data can find its way to who ever is in need of that information quicker and easier. Time savings, therefore, is one of the biggest data warehousing advantages.
Data warehousing advantages, accessing information
Data warehousing advantages also allows users to get their hands on large amounts of information or data. Because the large amounts of data can now be accessed by the proper staff at a faster pace, problems can now begin to be solved. Data warehousing advantages can also help a business earn more profit or even lose less money as long as the information gathered from the data is used to make the right decisions. Because the system offers decision support, data warehousing advantages will be fully realized once the business objectives and goals are met with ease, and the proper flow of information will make obtaining that objective much simpler.
Data warehousing advantages, support
Data warehousing advantages can also be found in the amount of support the whole system can receive. Most data warehousing vendors offer technical support with their product. This is appealing to buyers because it provides a level of comfort and security when embarking on a data warehousing project. In fact, the whole data warehousing project can even be outsourced or handled by another business that specializes in data warehousing projects, making support another of the key data warehousing advantages.
Data warehousing advantages, data mining
Other data warehousing advantages include the option of using other business intelligent tools in unison with data warehousing. One of these data warehousing advantages is the ability to use data mining on the warehouse. Data mining discovers patterns and trends that otherwise would not be so oblivious to see or discover. Data mining is often times used by credit card companies that wish to use the system to detect fraud. It can also be used to create profiles on individuals and their buying habits. Data warehousing advantages increase with the use of other business intelligence tools such as data mining.