Data is one of the most valuable resources for businesses. It can be used to gain a competitive advantage, boost revenues, and increase customer loyalty. It’s only useful if you control and article source use it effectively. This requires a clear strategy and a software tool.
Companies generate a vast amount of data from a wide variety of sources. To make this data available to employees for analysis decision making, the company must ingest it and organize it in an organized repository. This is where data management software is required. It provides a framework to store, collect and distribute the data that supports the core software of the company as well as business systems.
There’s plenty of options available for software to manage data. Certain tools are standalone and others provide a complete platform that can be utilized across all data environments. It is essential to choose a solution with the functionality that your business needs and can be scaled to meet the future needs for growth.
A retailer such as a retailer that wants to automate their ETL/ELT process can use an application such as Blendo or SQL Server Integration Services to extract and load the data into a warehouse. For instance, the company could make use of a Hevo Data solution that creates a real-time data pipeline and can support 150+ source systems.
Other tools offer advanced features like predictive analytics, data quality monitoring and visualization. These tools can cut down the time it takes employees to complete data-related tasks. This may improve productivity and efficiency. They also protect sensitive information and ensure compliance to consumer protection laws.