A data warehouse is the foundation for a successful Business Intelligence (BI) program. The concept of data warehousing is to create a permanent, secure and central storage location for the various data sources needed to support the company’s analysis, reporting and other BI functions.
Acuity supports exporting and consuming of Oracle Taleo entities to data warehouses saving our clients time, money and human resources.
5 Key Benefits of a Data Warehouse:
1. A data warehouse delivers enhanced business intelligence.
Data warehouses and related BI can be applied directly to business processes including: market segmentation, human resources, financial management, payroll and more.
2. A data warehouse saves time.
By pulling together data from various sources into a central location, leaders have the information they need to make more rapid and informed business decisions. Executives are empowered in querying the data themselves without needing to request support from IT for report generation requests.
3. A data warehouse enhances data quality and consistency.
A data warehouse implementation includes the conversion of data from numerous source systems into a common format. Data from various departments is standardized, increasing accuracy and providing a common language for strong business decisions.
4. A data warehouse provides historical intelligence.
Typically, historical data is not easily stored or able to be used to generate reports from a transactional database. The strength of a data warehouse is its capacity for storing historical data – allowing you to easily analyze trends over many years and make more accurate predictions for the future.
5. A data warehouse generates a high ROI.
Companies that have implemented data warehouses and complementary BI systems have proven to generate more revenue and realized savings than companies who haven’t invested in BI systems and data warehouses.
We look forward to talking to you and helping you achieve these benefits!