When it comes to business intelligence, data warehousing should always be present. It is a core component that conducts a deep analysis of data gathered. The integration of a data warehouse into your business intelligence framework is the first step you need to take.
Improves Data Quality
It does not matter where your data comes from. Data warehousing establishes consistency in data for different departments. Through data warehousing, you also position a better standard for the data you gather and use for business planning.
With a consistent format, the quality of your data, therefore, results in informed decisions on how to grow your business or address particular issues as they surface.
Results to Strong ROI
Data warehousing, just like business intelligence is a great investment. You can identify the positive trends and negative factors in your business. You are then able to build on the aspects that are generating growth and profits. It also allows you to eliminate what we call business waste.
Through strong ROI, you are also able to establish a cost-effective level for your business. You can save a lot of money by reducing costs.
Enhances your Competitive Advantage
You really can’t have business intelligence without a data warehouse. Several start-ups and small businesses make use of BI solutions to keep up with bigger competitors with better resources and bigger clientele.
When it comes to data warehouse and business intelligence, results are not instantaneous. This will take time but that is time and resources well spent because you are learning more about your business and the factors that influence it.