Data is one of organization’s most valuable resources and is an essential area of responsible research. Before starting a new research project, the research teams should address issues related to data management. It will help your organization in controlling the costs, understand your customers, market and, eventually, improve revenues.
Data warehouse is the core of any organization. It holds all the business information and makes it accessible and available to all verticals of any organization. A solid data warehouse serves as the foundation from which meaningful business and analytical intelligence could be built.
A goal of every business is to make better business decisions than their competitors and is a concept that usually involves the delivery and incorporation of relevant and useful business information. BI turns massive amount of data from operational systems into a format that is easy to understand, up to date and accurate so decisions can be correct, quick and reliable.
Smart and proactive decision making is not only an advantage but a key to success of any business. This requires quantitative insights into various business operations and influences. The recent advancements in technology and a significant reduction in data storage costs have given rise to vast and versatile sources of data that provide a wealth of such insights.