Data is a valuable asset for any company. It can be used to gain a competitive advantage, boost profits, and build customer loyalty. However, it’s only effective if you can tame and make use of it effectively. This requires a clearly defined strategy and the use of software tools.
Companies generate huge amounts data. To make the data available for analytical decision-making by employees the company must collect and organize it into one central repository. This is where software for managing data is available. It offers a framework for storing, collecting and distributing data needed to support the company’s core business systems and software solutions.
The market is flooded with applications for managing data. Some solutions are standalone tools while others provide a unified platform that can be utilized across all data environments. It is important to choose an option that provides the functionality you require for your business and can be scaled to meet future needs for growth.
For example, a retail giant that wants to automatize its ETL/ELT process could make use of a tool such software-served.com/2020/06/17/factory-data-reboot-advantages-and-disadvantages/ as Blendo or SQL Server Integration Services (SSIS) to extract and load data into a data warehouse. Additionally, it could utilize a solution such as Hevo Data that allows you to create a data pipeline in real time and support a broad range of 150+ source systems and databases.
Other tools provide advanced features, like predictive analytics and data quality monitoring. These can be helpful to reduce the time and effort that it takes for employees to complete data-related tasks, which could increase productivity and efficiency. They also help safeguard sensitive information and ensure compliance to consumer protection laws.