Data is one of the most valuable assets for a business. It can aid in gaining an advantage in competitiveness, increase revenues and loyalty to customers. It’s only effective if you can control and use it effectively. It requires a well-defined strategy and software tools.
Organizations generate huge amounts of data. To make this information available to employees for decisions, the company must ingest it and organize it in a central repository. This is the point where software for managing data comes in. It’s a system to store, collect and distribute the data that supports a company’s core software and business systems.
There is a lot of choice when it comes to software for managing data. Some tools are standalone while others provide a single platform that can be used across all data environments. It is important to choose an option that has the functionality your business needs and is scalable to meet growth demands.
A retail giant for instance, who wants to automate their ETL/ELT processes could employ a tool such as Blendo or SQL Server Integration Services to extract and load the data into the warehouse. Then, it could employ an application like Hevo Data, which can build a data pipeline in real-time and support a variety of source systems and databases.
Other tools offer advanced capabilities such as predictive analytics, data quality monitoring and visualization. These can be helpful to reduce the amount of time and effort it takes employees to complete data-related tasks, which could increase efficiency and productivity. They also help protect sensitive information and ensure compliance with consumer protection laws.