Benefits of Data Warehousing
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From the Paper:"The new era of fast-paced globalization fortified by technology has exceedingly changed the playing field that is not solely for human convenience, but first and foremost, for business and business intelligence (BI).The desperate need to develop enterprise-wide systems that could efficiently organize and analyse data has led to the development of the data warehouse, which is perhaps one of the most significant innovations of database technology
Data warehousing may be defined as a "collection of decision support technologies", aimed at enabling corporate managers and specialists to make better and faster decisions (Chaudhuri, 1997). It can store vast amounts of information of an institution, agency or company, designed for analytical-reporting, such as watching trends and running reports, among others. It may also be considered as groundwork for a successful business intelligence program.
"The value of data warehousing lies in its capability to provide insights for enterprise managers on anomalies and trends that might be detrimental to the business strategically. Moreover, data warehouses must be able to provide services for the full life cycle of the document-- from the creation of a document and various stages including its destruction, if necessary.
"This paper justifies the need for data warehousing in institutions, such as corporations as well as the best practices that they can apply within their organization. It also illustrates a database schema; supporting, in this case, a fictional company's (heretofore referred to as 'Company') schema of business and processes. Demonstration on the flow of data, inputs and outputs, through the use of data warehousing are also present. This paper concludes that the benefits of having a data warehouse in the company far outweigh the risks."
Cite this Term Paper:
Benefits of Data Warehousing (2014, October 28) Retrieved July 31, 2021, from https://www.academon.com/term-paper/benefits-of-data-warehousing-154056/
"Benefits of Data Warehousing" 28 October 2014. Web. 31 July. 2021. <https://www.academon.com/term-paper/benefits-of-data-warehousing-154056/>