“Junk In, Junk Out” with Business Intelligence Data Warehouse Solutions
What exactly is a business intelligence data warehouse? It is: “A subject-oriented, integrated, time-variant and non-volatile collection of data in support of management’s decision making process,” according to Bill Inmon.
The reason that business intelligence data warehouses are so important is because they store on the good data and get rid of the old data. This is especially important for you when it comes to making sound business decisions with accurate information. The accuracy of the information in a business intelligence data warehouse is very important. It is structured so that only certain data can be in certain areas so that things stay efficient and correct all of the time.
Some Great Benefits of a Business Intelligence Data Warehouse
A business intelligence data warehouse has many great features that are sure to help your company in many ways.
- Reducing your overall operating costs is the first and possibly the most important way that a business intelligence data warehouse will help your company. As a business owner you are always looking for ways to save a dollar and by implementing the business intelligence data warehouse you will do exactly that.
- Allowing you the ability to see your data in real time is another way that a business intelligence data warehouse will help your profits rise. Knowing exactly where your company stands on a daily basis is very important in making great business decisions.
- The ability to reduce the time it takes to gather and produce reports is another great benefit of a business intelligence data warehouse. Because the system is so user friendly and flexible, it is easy to get reports within minutes instead of days using the old fashioned hands on methods.
- The potential to streamline procedures is also a great factor of a business intelligence data warehouse. Because it will no longer take a team of people to gather information for a specific report you will save time and money when it comes to labor and labor hours.
These are just a few of the great benefits of a business intelligence data warehouse; once you have your own system in place you will see exactly what it can do for your specific company. Knowing the needs of what your company has and what you want to see done will help guide you in the right direction.
Final Thoughts
Business intelligence data warehouse programs were designed to make your life easier and the lives of your employees easier. Knowing first hand exactly where your company is at is the first step into making sure your company profits. A business intelligence data warehouse will not only give you real time and accurate information but it will give it to you quickly. With traditional reporting methods it could take days to get the answers you may need for a business decision. With the business intelligence data warehouse system you will be able to see the information within minutes and base your decisions on what you know is right.