When a company combines data from several business systems into one unified view, it refers to the process as data integration. The information is stored in a central location known as a data warehouse.
That process makes it easy to get a clearer picture of every aspect of the business. Every user can efficiently access desired information regardless of how much information is present in the data repository.
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What is Data Warehouse?
Data Warehouse is simply a relational database management system (also known as RDBMS) build to meet the requirement of transaction processing systems. In simple terms, you can consider it a centralized data repository. This huge collection of business data is used to help an organization make smart decisions.
A large amount of data stored in a data warehouse comes from different sources such as customer-facing apps, marketing, sales, external partner systems, etc. Organizations can move from simple databases to the world of data warehousing.
How Does Data Warehouse Integration Work?
Employees input data into various business systems every day. To ensure all parties can access information easily, a data warehouse integration platform processes this data and checks it against information already in the repository. It then combines data using a predetermined set of rules. Software applications access this information and use it.
Employees will have up-to-date, accurate information at their fingertips when working with clients, suppliers, and more. Furthermore, the employee can input information when speaking with a client or supplier, and the data warehouse integration program immediately processes the material to update the system.
The Benefits of Data Warehouse Integration
Companies find they reduce human errors when they implement data warehouse integration. The platform comes with checks and balances systems. When the system detects an error, it flags it. The employee must then verify the information before proceeding.
The platform ensures data is readily accessible to all employees, which minimizes processing time. Every department sees the same information and can make changes where needed. For example, when a client updates blueprints, this information can be entered into the platform by the salesperson. The department responsible for developing the quote can ensure the information it provides is accurate, and the purchasing department knows exactly what materials to buy.
Why is This Integration Important?
Data warehouse integration brings multiple sources together, which reduces labor costs. Employees can access all information they need in real-time and provide clients, suppliers, and others with accurate information that’s then used to improve customer service. Both tasks improve the company’s bottom line, and the funds saved can be used to grow the organization.
Which Industries Benefit from Data Integration?
Many individuals assume retailers benefit greatly from data integration, but these benefits extend to many other industries. For example, the hospitality industry uses data to book guests, promote accommodations, and integrate with independent travel sites. Airlines need a data warehouse to track flights, frequent flyer programs, and crew assignments, along with many other things.
The telecommunications industry uses a data warehouse integration platform with outstanding success. It helps to track information about customers, offer promotions, monitor outages, and other tech problems, and oversees sales initiatives. However, any industry benefits from an integrated data warehouse, as it allows the organization to keep updated and accurate records on hand and easily accessible.
Learn more about data warehouse integration today. Furthermore, research different programs to find the one that best meets the company’s needs. The right platform can move a business forward and grow its bottom line. For this reason, any company will find it benefits from investing in this program, particularly those companies that are accumulating data at an astounding rate.