Online data warehouses (ODWs) are centralized information systems and repositories that help businesses develop insights and make better decisions through business intelligence. They store information that comes from various sources, like internal operational databases, customer-interface applications like marketing and sales and partner systems from outside.
They function as a single source of truth, storing all data in a non-volatile database that is accessible to authorized employees. Data warehouses are tool that facilitates online analytical processing, which permits users to swiftly and efficiently analyze multidimensional data. A typical warehouse is many petabytes.
Data warehouse tools are software components which assist in reading and transferring large data sets. Examples of this include Xplenty, Amazon Redshift, Teradata, Informatica, and IBM Infosphere.
A data warehouse will help businesses make more informed decisions faster by removing the need to rely on hunches and incomplete data or slow and inefficient systems. Furthermore, it gives the capability to compare different time frames and identify trends, allowing decision-makers to feel more confident about their choices. Data warehousing is a crucial tool for companies in every industry, as it helps to improve their campaigns, decrease the chance of churn, boost revenue, and much more.
