Cloud data warehousing gives you and your leadership team the ability to make informed decisions quickly and easily, as all your data is stored neatly in one place. No need to dig through piles and piles of data to gain one insight — everything you need will be right at your fingertips, accessible from any internet-enabled device.
Cloud data warehousing is the process of storing a company's operational data from multiple different sources into a single data archive that can be accessed via the internet. The main point of data warehousing is to store historical information so businesses can have a clear picture of how certain pieces of data have changed over time. Data warehouses are able to sort data by subject matter based on the business's needs, like customers, products or other business activities.
Data warehousing in the cloud is important because it:
There are many benefits of cloud data warehousing that are the foundation for a successful business.
Having easy access to data from various sources allows leaders in a business to make informed decisions rather than decisions based on limited information or their instinct. The data can be used for specific aspects of change implementation like marketing segmentation, financial management, sales or inventory management. The cloud is also vital for feeding data into various business intelligence tools, like analytics platforms and data visualization systems. The cloud makes it easy to integrate new data sources as your business evolves.
Using a cloud data warehouse saves your company a lot of time through easy access and smooth integration with other business tools. Because all the data is in one location, even smaller decisions can be driven by data because it does not take long to find the information. Having a data warehouse also eliminates the middleman in an IT consultant, allowing those needing the information to find it themselves rather than asking for help.
You'll also find speed improvements through a better ability to handle processing demands. Cloud data warehouses are usually made up of multiple, highly capable servers that can handle intense data movement. Many cloud service providers have servers in various regions, too, so you can quickly access data from the server that makes the most geographic sense.
With all of a company's data being stored in one type of format, quality is consistent and up to date across the board. This also makes transferring the data to various platforms and devices much easier than it would be if the information was stored in diverse formats.
Cloud data also tends to be more secure than on-premise data. Cloud servers are managed by data professionals who are dedicated to protecting your information. The servers are stored off-site and backed up regularly to ensure data recovery in the event of a natural disaster.
On-premise solutions require significant capital investments in hardware and IT expertise, as well as the physical space to house the servers. The cloud eliminates those concerns, proving more cost-effective for many businesses, especially smaller ones.
When a company needs to increase storage for on-premise solutions, it needs to make more hardware and IT investments and wait for the new servers to be deployed. With the cloud, it's usually as simple as contacting your provider and purchasing more storage. The scalability of the cloud allows it to grow with your business and adapt to evolving demands, like a spike in seasonal demand or a business expansion.
A cloud data warehouse is an essential part of modern business operations and keeping up with the competition. It powers necessary business intelligence and allows organizations to run in a highly connected environment, all backed by the most up-to-date and reliable information. Without a cloud data warehouse, you may find yourself falling behind competitors and feeling the effects of inefficiency on your bottom line.
Choosing to have a data warehouse in the cloud is a worthwhile investment, and it is important to get it right. Here are things to keep in mind:
Technology Partners offers data warehousing to ensure your data is optimized and organized. We want to make such a big task as easy as possible so you can see all your data, get rapid analytics and insights and make factual decisions. With our cloud migration services, we'll help create a smooth transition for your enterprise, identifying the cloud-based tools that will help your organization grow.
Contact us today to learn more about how our data warehousing and business intelligence services can serve you.