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 analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Top Five Benefits of a Data Warehouse
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 Quality > Top Five Benefits of a Data Warehouse
AnalyticsBusiness IntelligenceData QualityData Warehousing

Top Five Benefits of a Data Warehouse

Brett Stupakevich
Brett Stupakevich
3 Min Read
Top Five Benefits of a Data Warehouse
SHARE

According to The Data Warehouse Institute, a data warehouse is the foundation for a successful BI program. The concept of data warehousing is pretty easy to understand—to create a central location and permanent storage space for the various data sources needed to support a company’s analysis,  reporting and other BI functions.

Contents
A Data Warehouse Delivers Enhanced Business IntelligenceA Data Warehouse Saves TimeA Data Warehouse Enhances Data Quality and ConsistencyA Data Warehouse Provides Historical IntelligenceA Data Warehouse Generates a High ROI

And it’s really important for your business.

But a data warehouse also costs money — big money. The problem is when big money is involved it’s tough to justify spending it on any project, especially when you can’t really quantify the benefits upfront. When it comes to a data warehouse, it’s not easy to know what the benefits are until it’s up and running. According to BI-Insider.com, here are the key benefits of a data warehouse once it’s launched.

A Data Warehouse Delivers Enhanced Business Intelligence

By providing data from various sources, managers and executives will no longer need to make business decisions based on limited data or their gut. In addition, “data warehouses and related BI can be applied directly to business processes including marketing segmentation, inventory management, financial management, and sales.”

More Read

artificial intelligence for big data analysis
What To Know About Using Artificial Intelligence For Big Data Analysis
Reference Domains Part I: Overview of Classifications
Big Data Makes a Big Difference
Supply Chain Business Intelligence Is More Than Just Technology
Entry Point: Architecture or Crumbling Foundation

A Data Warehouse Saves Time

Since business users can quickly access critical data from a number of sources—all in one place—they can rapidly make informed decisions on key initiatives. They won’t waste precious time retrieving data from multiple sources.

Not only that but the business execs can query the data themselves with little or no support from IT—saving more time and more money. That means the business users won’t have to wait until IT gets around to generating the reports, and those hardworking folks in IT can do what they do best—keep the business running.

A Data Warehouse Enhances Data Quality and Consistency

A data warehouse implementation includes the conversion of  data from numerous source systems  into a common format.  Since each data from the various departments is standardized, each department will produce results that are in line with all the other departments. So you can have more confidence in the accuracy of your data. And accurate data is the basis for strong business decisions.

A Data Warehouse Provides Historical Intelligence

A data warehouse stores large amounts of historical data so you can analyze different time periods and trends in order to make future predictions. Such data typically cannot be stored in a transactional database or used to generate reports from a transactional system.

A Data Warehouse Generates a High ROI

 Finally, the piece de resistance—return on investment. Companies that have implemented data warehouses and complementary BI systems have generated more revenue and saved more money than companies that haven’t invested in BI systems and data warehouses.

And that should be reason enough for senior management to jump on the data warehouse bandwagon.

TAGGED:costdata warehouse benefitsroi
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

ROI and Data analytics
AnalyticsBest PracticesBig DataBusiness IntelligenceCulture/LeadershipData ManagementMarketingPolicy and Governance

ROI for Big Data and Analytics

4 Min Read

Getting ROI from ERP

5 Min Read

When Bad Data Becomes Acceptable Data

5 Min Read

Guest Post: Is Traditional Publishing The New Vanity?

15 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
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

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?