Creating a data warehouse
The foundation of all BI activities is structured data. Analysing them allows transforming the collected information into practical knowledge, which will be used to draw conclusions and forecast phenomena. However, the success of these processes depends on the use of a data warehouse, also called a database or analytical database.
The key benefits of implementing a data warehouse in an organisation are:
1
easy access to information
2
making the right decisions faster
3
increased control over data
4
enhanced data protection
5
automation of reporting processes
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establishment of a permanent data source