Data is an essential resource for any company. It can aid in gaining competitive advantage, boost revenue and customer loyalty. But it’s only useful if you can tame and make use of it effectively. This requires a clearly defined strategy and the use of software tools.
Organizations generate massive amounts of data. To make that data accessible to employees for their analysis the company must collect and organize it into an centralized repository. This is where data management software is needed. It provides a framework to collect, store and distributing data needed to support the company’s main business systems and software solutions.
There’s plenty of choice in relation to software for managing data. Some solutions are standalone applications and others offer the possibility of being used in all data environments. It is crucial to select an option that has the features that your company requires and can be scaled to meet future growth requirements.
For example, a retail giant that wants to automatize its ETL/ELT process could use a tool like Blendo or SQL Server Integration Services (SSIS) to extract and load data into the data warehouse. Additionally, it could utilize a solution such as Hevo Data that creates a data pipeline in real-time and work with a range of source systems and databases.
Other tools offer advanced capabilities like predictive analytics, data quality monitoring and visualization. These tools can cut down the time employees take to complete data tasks. This could increase productivity and efficiency. They also protect sensitive information and ensure compliance to consumer protection laws.