Data is a valuable asset for any business. It can aid in gaining competitive advantage, boost the revenue of a company and increase customer loyalty. However, it’s only effective only if you know how to make use of it effectively. This requires a clearly-defined strategy and a set of software tools.
Organizations produce huge amounts of data derived from a range of sources. To make this data available to employees for their analysis the company has to ingest and organize it into an centralized repository. This is the point where software for managing data is required. It offers a framework for storing, collecting and distributing the data that supports the company’s basic business systems as well as software solutions.
There’s a variety of choice in the marketplace in terms of software for managing data. Certain tools are standalone while others provide a unified platform that can be utilized across all data environments. It is important to select a solution with the functionality that your business requires and that is scalable up to meet future growth requirements.
A major retailer such as a retailer that would like to automate the ETL/ELT process might use a tool such as Blendo or SQL Server Integration Services to extract and load the data into the warehouse. Additionally, it could utilize an application such as Hevo Data that can create an automated data pipeline in real-time and support a variety of sources systems and databases.
Other tools can provide advanced features like predictive analytics, monitoring of data quality and visualization. These tools can cut down the time software-served.com/2021/07/13/generated-post-2 required by employees to complete data tasks. This could increase productivity and efficiency. They also aid in protecting sensitive information and ensure compliance with consumer protection laws.
