Data is an essential resource for any business. It can give you an advantage in competitiveness, increase revenues and loyalty to customers. However, it’s only effective when you can manage and make use of it effectively. This requires a clear strategy and the use of software tools.
Companies generate huge amounts data. To make this information accessible to employees for analysis decision-making, the business must gather it and then organize it into a central repository. This is where software for managing data is needed. It provides a framework to collect, store and distribute data needed to support a company’s core software and business systems.
The market is saturated with software for data management. Certain solutions are standalone and others offer a platform that can be used in all data environments. It is important to select a solution with the functionality that your business needs and that can be scaled to accommodate future demands for growth.
A retail giant for instance, which is looking to automatize their ETL/ELT process can use a tool such as Blendo or SQL Server Integration Services to extract and load the data into the warehouse. Then, it could employ a solution such as Hevo Data that creates a data pipeline in real time and support a broad range of source systems and databases.
Other tools offer advanced capabilities such as predictive analytics, monitoring of data quality and visualization. These can be helpful to reduce the amount of time and effort it takes employees to complete data tasks, which could increase efficiency and productivity. They also help protect sensitive information and ensure the compliance of consumer protection laws.