Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
    pexels pavel danilyuk 8112119
    Data Analytics Is Revolutionizing Medical Credentialing
    8 Min Read
    data and seo
    Maximize SEO Success with Powerful Data Analytics Insights
    8 Min Read
    data analytics for trademark registration
    Optimizing Trademark Registration with Data Analytics
    6 Min Read
    data analytics for finding zip codes
    Unlocking Zip Code Insights with Data Analytics
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: BI Business Value – Timeliness or Consistency, Part 2
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Warehousing > BI Business Value – Timeliness or Consistency, Part 2
Business IntelligenceData Warehousing

BI Business Value – Timeliness or Consistency, Part 2

Barry Devlin
Barry Devlin
4 Min Read
SHARE

rolls-royce-logo-302.jpgHaving looked at timeliness in Part 1, let’s turn our attention to consistency.

rolls-royce-logo-302.jpgHaving looked at timeliness in Part 1, let’s turn our attention to consistency.

Early proponents of data warehousing, including myself, majored on the role of the Enterprise Data Warehouse (EDW) as a repository of a consistent, integrated and historical view of the business.  Leaving aside the historical aspect for now, the desire for consistency and integration can be traced directly to one of the main concerns of decision makers in the 1980s.  There existed a growing proliferation of applications–operational systems–that were responsible for running the business.  These systems were being introduced in an ad hoc manner throughout the business, often on different platforms and addressing different but overlapping aspects of the same process.  

In a bank, for example, a mainframe-based application running against an IMS database handled checking accounts.  A new relational database system running on a minicomputer was introduced to handle savings accounts.  The difficulty for decision makers was to understand the combined account position for individual customers.  The need, stated in a nutshell, was for a “single version of the truth”.

More Read

A Tale Of Two Banks
The Tyranny of Consensus
DQ Problems? Start a Data Quality Recognition Program!
Amazon Virtual Private Cloud
Boston TDWI Chapter Meeting (updated agenda)

This divergence of sources, combined with the often poor data quality in individual operational sources, as well as the need for a single truth, led EDW designers and developers to focus almost maniacally on how to achieve consistency and integration of information in the warehouse.  Enterprise modeling, ETL tools and intricate, often lengthy projects were all used in service of this goal.

Today, we need to pose two important questions.  First, is there really a single version of the truth that can be created and stored in the EDW?  Second, do we have the time and the money to create it?

On the first question, I feel that we have become blinded by our unswerving belief in a universal truth.  Yes, there do exist “truths” in the business that need to be universally agreed.  The quarterly figures announced to the stock markets absolutely need to be internally consistent and well-integrated.  The underlying numbers that lead to these results are similarly constrained.  But, it is equally clear that some numbers can exist as best estimates, close approximations or even “swag” (some wild-assed guess!).  As a culture, we have become obsessed with the second or third decimal point on many numbers.  How many times have you heard election polls being reported with candidates separated by half a percentage point, while the 2% margin of error on the poll is hidden in a footnote?

Answering the first question as we just have leads easily to an answer to the second.  We need to divert resources from seeking complete consistency to achieving consistency where it matters and timeliness where that is important.  And, more, getting the best return on investment in both areas–timelines and consistency.   The real business value in some data lies in its early availability to decision makers; the value in other data resides in its consistency and integrity.

Distinguishing between the two is the key to success.

Join me on my upcoming webinar, “Business Intelligence: the Quicker, the Better”, on October 25th for further insights into this important issue.

And for my European readers, allow me to remind you that Larissa Moss is presenting a two-day seminar in Rome on October 20-21st, entitled “Agile Approach to Data Warehousing & Business Intelligence” which will also show how to address this dilemma.

TAGGED:BI Issues
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

crypto marketing
How a Crypto Marketing Agency Can Use AI to Create Powerful Native Advertising Strategies
Blockchain Exclusive Marketing
data driven insights
How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
Analytics Big Data Exclusive
image fx (37)
Boosting SMS Marketing Efficiency with AI Automation
Exclusive
pexels pavel danilyuk 8112119
Data Analytics Is Revolutionizing Medical Credentialing
Analytics Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Traditional BI in Babushka Doll

5 Min Read

BI Shouldn’t Be Part-time Pursuit for Analysts

6 Min Read

Ease-of-Use Key to Consumerization of BI

5 Min Read
big data vs business intelligence
AnalyticsBig DataBusiness Intelligence

Big Data Vs. Traditional Business Intelligence

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?