Decision making is crucial in all areas of life, since even the smallest can give your life drastic changes, even more in terms of business as this can mark a milestone; fortunately, thanks to technological advances that have been made in various areas of study as in Professional Master’s Degree in Visual Analytics and Big Data, have been implemented a number of models and software that give a broader picture for this, all through the collection and storage of data.
If you are in business and looking to grow your company, below you will find out how you can take advantage of the Data Warehouse.
How to Make Better Decisions Through Data Warehouse?
Understanding the Data Warehouse
The data warehouse will give you support to manage data, this in order to help artificial intelligence tasks, mainly those which are focused on the analysis of the same; through the Data Warehouse opens you the possibility to perform queries and analysis tasks, containing large amounts of historical data, which are stored in a cloud.
Thanks to the fact that this system collects information from various sources and is mostly of great value for experts in this niche, it obtains an infinite amount of data that can be used by organizations and be kept in the historical record.
This storage system is periodically obtained, formatted, classified and filed so that it can be used by the company whenever it is required. Moreover, being stored in the cloud, the information is collected, archived, consulted and analysed without the need to invest in equipment to do this, as well as saving time in configuring and discarding unnecessary information.
Advantages for your business
According to the Inmon model, there are four features in the Data Warehouse that can make a significant contribution:
- Subject-oriented: Data warehouses provide information on a specific topic or particular area, which allows for more optimal handling of this. Such data can be sales or marketing data.
- Integrated: The Data Warehouse has a large amount of data collected from different sources, creating uniformity, however, these must be unified among them, for its best development. Such data can come from mainframes, relational databases, etc.
- Time variants: The analysis of the data warehouse takes into account changes over time, unlike other systems. Data stored in the cloud is retrieved over a given point in the timeline and provides information from a historical perspective.
- Non-volatile: The non-volatile data warehouses refer to data that is permanent, i.e., even if more information is inserted, it will be retained and is not replaced, omitted or changed.
Finally, by being available whenever required and without the need to be processed, it will allow for quick queries, thus allowing for more accurate and faster decisions to be made by having complete data.
The Data Warehouse to have a large amount of information already processed saves you time and money, in addition, these elements that you save, you can invest in other resources and areas that need attention and improvement, which is why hiring a specialist in Big Data should be among your plans for the growth of your business.